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HomeMy WebLinkAbout2025-045-04/01/2025-AUTHORIZING RESPITE CARE INC. TO RETAIN COMMUNITY DEVELOPMENT BLOCK GRANT FUNDING TO APPLY TOWARDS ARESOLUTION 2025-045 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING RESPITE CARE INC.TO RETAIN COMMUNITY DEVELOPMENT BLOCK GRANT FUNDING TO APPLY TOWARDS A NEW PUBLIC FACILITY A.Through Resolution 2012-105,the City Council allocated $72,700 from Community Development Block Grant funding to help Respite Care Inc.(“Respite Care”) develop the property located at 6203 5.Lemay,Fort Collins,CO 80525 (the “Lemay Property”).The City subsequently entered into an agreement (the “Agreement”)to loan Respite Care this funding to develop the Lemay Property.The Agreement provided that the loan,$72,700 plus five percent simple interest,would be due to the City upon Respite Care’s sale of the Lemay Property. B.Since 2013,Respite Care has used the Lemay Property to provide direct services to disabled children from low-and moderate-income households from the northem front range region.In December of last year,Respite Care informed the City that it would like to sell the Lemay Property and develop a larger facility in Timnath,on land donated to Respite Care.Respite Care is requesting that the City reallocate the $72,700 to development of a new facility. C.Once development of the new facility is complete,Respite Care will continue to offer direct services to children with disabilities from low-and moderate- income households from the northern front range region,including to many Fort Collins residents.Accordingly,Respite Care’s continued use of these funds will benefit some of Fort Collins’most vulnerable residents and support regional efforts to accomplish the same for residents in neighboring communities. D.City Council,though this Resolution,authorizes Respite Care to retain the $72,700 in Community Development Block Grant funding to apply to the development of a new facility.Otherwise,Respite Care would return the $72,700 plus $3,635 in interest to the City upon the sale of the Lemay Property and the funds would be used for current priorities for Community Development Block Grant funding. E.Respite Care will be allowed to retain as a new loan the $72,700 in Community Development Block Grant funding to apply to a new facility.For the new loan, City staff will amend the Agreement and prepare a new Promissory Note and Deed of Trust encumbering the new facility with the same terms and conditions as the Lemay Property. F.The City Council determines this authorization and the proposed new Respite Care facility will be for the benefit of the residents of Fort Collins and will advance the City’s policies and strategic objectives and purposes. In light of the foregoing recitals,which the Council hereby makes and adopts as determinations and findings,BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1.The City Council hereby authorizes Respite Care to retain $72,700 in Community Development Block Grant funding to apply to a new facility that will serve disabled children from low-and moderate-income households,subject to completion of new loan documentation as described in this Resolution. Section 2.The City Manager is hereby authorized to enter into amendments to the City’s Agreement with Respite Care and other documents necessary and appropriate to effectuate the purposes of this Resolution and protect the interests of the City. Passed and adopted on April 1,2025. ‘~JA “àyor ATTEST: //—,1’ City CIf Effective Date:April 1,2025 Approving Attorney:Ted Hewitt