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HomeMy WebLinkAbout2905 Resolution Reference B RESOLUTION NO. /Qc) � A RESOLUTION AWARDING 2005 HOME CHDO FUNDS TOTALING $101,907 TO LA CLINICA. WHEREAS, the City of Pasco entered into an Agreement with Kennewick and Richland in 2004 continuing participation in a Consortium originally formed in 1996 under the Home Investments Partnership (HOME) Program; and WHEREAS, the Consortium allows the three cities to be eligible for federal HOME funds, of which 15% of these funds are earmarked for federally designated Community Housing Development Organizations (CHDOs); and WHEREAS, the three cities rotate responsibility for distribution of HOME CHDO funds; and WHEREAS, the City of Pasco is responsible for distributing HOME CHDO funds totaling $101,907 for 2005; and WHEREAS, qualified CHDOs in the Tri-Cities metropolitan area were solicited to submit proposals and the City received three proposals on August 22, 2005; and WHEREAS, on September 15, 2005, the applicants presented their proposals to HOME Consortium representatives; and WHEREAS, the HOME Consortium determined that La Clinica's proposal to use the $101,907 and leverage $510,793 of their own funds to acquire land and construct 6 low income homes would best meet the City's housing goals of increasing the supply of affordable housing and promoting home-ownership; Now, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO: Section 1. The City Council award 2005 HOME CHDO funds totaling $101,907 to La Clinica. PASSED by the City Council of the City of Pasco this _L7Lday of 2004. Crr OF PASCO: ichael L. Garrison Mayor ATTEST: APP VED S TO FORM: Sandy L. enworthy Leland B. Kerr Deputy City Clerk City Attorney ♦ Reference C ••a to \� ��d 9d oP N. FRANKLIN AVE H .....♦.�.•.•.•.�.•. ....... . . . 4 W4 alN�o�z :•:•:•:•:•:' •: :•:•:•:•:' 4•••a a''•••• • •♦ • ' • . . r • ••. . • . .•. ••. 4 a . . . . • f EE D D I l < d Z D V D � s