HomeMy WebLinkAbout2019-003-01/02/2019-APPROVING A WAIVER OF THE 2017 PILOT FOR HOUSING CATALYST J
RESOLUTION 2019.-003
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING A WAIVER OF THE 2017 PILOT FOR HOUSING CATALYST
WHEREAS,on December 16, 1971,the City and the Fort Collins Housing Authority,now
called Housing Catalyst, (the "Authority") 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 the Authority to make an annual payment in lieu of
taxes("PILOT")to the City for the public services and facilities provided by the City to Authority
housing projects; and
WHEREAS, since at least 1992, the City has remitted such PILOT payments to the
Authority to help find affordable housing-related activities and meet the needs of low-income Fort
Collins residents; and
WHEREAS,the Authority is scheduled to make PILOT payment for 2017 of$9,638; and
WHEREAS, this year, rather than having the Authority pay the PILOT funds to the City
and then ask the City Council to appropriate the funds for repayment to the Authority as in past
years,City staff is recommending that the Council simply waive the requirement that the Authority
pay the PILOT funds, simplifying the process; 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 the Authority
to sign a letter agreement obligating the Authority 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 the Authority's obligation to make a
PILOT payment for 2017 only pursuant to the 1971 Cooperation Agreement on the condition that
the Authority spend such funds for affordable housing and related activities for Fort Collins
residents consistent with HUD guidelines.
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Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 2nd
day of January, A.D. 2019.
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