HomeMy WebLinkAbout2021-101-10/19/2021-APPROVING A WAIVER OF THE 2018, 2019 AND 2020 PILOT FOR HOUSING CATALYST RESOLUTION 202 1-101
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING A WAIVER OF THE 2018, 2019 AND
2020 PILOT FOR HOUSING CATALYST
WHEREAS,on December 16, 1971,the City and the Fort Collins Housing Authority,now
called Housing Catalyst,entered into a Cooperation Agreement(the"Agreement")to comply with
the requirements of a public housing program financed by the federal Department of Housing and
Urban Development("HUD"); and
WHEREAS, the Agreement requires Housing Catalyst to make an annual payment in lieu
of taxes("PILOT")to the City for the public services and facilities provided by the City to Housing
Catalyst projects; and
WHEREAS,from approximately 1992 until 2017,the City remitted such PILOT payments
to Housing Catalyst to help fund affordable housing-related activities and meet the needs of low-
income Fort Collins residents; and
WHEREAS, in January 2019 the City Council approved Resolution 2019-003, approving
a waiver of the 2017 PILOT for Housing Catalyst rather than having Housing Catalyst pay the
PILOT funds to the City and then appropriating funds to repay it as in past years, simplifying the
process; and
WHEREAS, Housing Catalyst is scheduled to make PILOT payments of$9,447 for 2018,
$12,069 for 2019, and $14,524 for 2020; and
WHEREAS,City staff is recommending that the Council again waive the requirement that
Housing Catalyst pay the PILOT funds; and
WHEREAS, the parties to a contract can agree to waive an obligation required of a party
to such contract; and
WHEREAS, as a condition of agreeing to such waiver, the City will require Housing
Catalyst to sign a letter agreement obligating Housing Catalyst to spend the funds for creating or
maintaining affordable housing in a manner consistent with HUD guidelines.
NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2. That the City Council hereby waives Housing Catalyst's obligation to make
PILOT payments for 2018, 2019 and 2020 pursuant to the 1971 Cooperation Agreement on the
condition that Housing Catalyst spend such funds for affordable housing and related activities for
Fort Collins residents consistent with HUD guidelines.
-1-
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 2nd
day of November, A.D. 2021.
Ma
ATTEST:
Interim City Clerk
FORT CO.
SEAL
•�ORORP�O