HomeMy WebLinkAbout1994-043-03/01/1994-CITY OF LOVELAND COLORADO DIVISION OF HOUSING COLORADO SMALL CITIES CDBG FEDERAL HOME PROGRAM FUNDS RESOLUTION 94-43
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE MAYOR TO ENTER INTO AN INTERGOVERNMENTAL
AGREEMENT WITH THE CITY OF LOVELAND AND LARIMER COUNTY
FOR THE LARIMER HOME IMPROVEMENT PROGRAM
WHEREAS, the Colorado Division of Housing has offered the Cities of Fort
Collins and Loveland and Larimer County the opportunity to request a grant in the
approximate sum of $350,000, utilizing Colorado Small Cities Community
Development Block Grant funds and Federal HOME Program funds for an ongoing,
County-wide housing rehabilitation program ("the Program") ; and
WHEREAS, the purpose of the Program is to provide housing rehabilitation
loans to qualifying low income households that would otherwise be unable to
afford major home repairs; and
WHEREAS, the Program will enable the City to better preserve its existing
housing stock; and
WHEREAS, the Program requires that "matching funds" be provided from the
receiving entities; and
WHEREAS, the City must, accordingly, pledge the sum of $22,500 of local
funds (not coming from other federal programs) to the Program; and
WHEREAS, the Housing Authority of the City of Loveland has agreed to manage
tW Prograrrvorr a County-wide basis, and the- Council- of the City- of Fort Collins
has determined that the City Loveland Housing Authority is competent and fully
capable of performing such management; and
WHEREAS, the Council has further determined that the Mayor should be
authorized to enter into an intergovernmental agreement with the City of Loveland
and Larimer County for the establishment and implementation of the Program.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS
as follows:
Section 1. That the Mayor be, and hereby is, authorized to enter into an
intergovernmental agreement with the City of Loveland and Larimer County for the
purpose of receiving a grant in the approximate amount of Three Hundred Thousand
Dollars ($350,000) , utilizing Colorado Small City Community Development Block
Grant Funds and Federal HOME Program funds for an ongoing, County-wide housing
rehabilitation program for the purpose of providing rehabilitation loans to
qualifying, low income households that would otherwise be unable to afford major
home repairs.
Section 2. That said intergovernmental agreement shall further provide
that the Housing Authority of the City of Loveland shall be the managing
organization for the County-wide Program (which Program shall require the City
to appropriate and contribute the sum of Twenty-two Thousand Five Hundred Dollars
($22,500) as its "matching share" in accomplishing the purposes of the Program) .
Section 3. That the City's obligations and duties under said
intergovernmental agreement shall be contingent upon the City's subsequent annual
appropriation of the matching funds necessary to fund the City's ongoing
participation in the Program.
Passed and adopted at a regular meeting of the Ci ouncil held this 1st
day of March, A.D. 1994.
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ATTEST: yor
City Clerk