HomeMy WebLinkAbout3335 Resolution RESOLUTION NO.
A RESOLUTION APPROVING FEDERAL HOME WORK PLAN ALLOCATION
FOR PROGRAM YEAR 2012
WHEREAS, the City of Pasco entered into an Agreement with Kennewick and Richland
in 2010 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; and
WHEREAS, the City has established a Community Housing Improvement Program
(CHIP); and
WHEREAS, it is estimated in 2012, the City of Pasco will receive $167,188 federal
HOME Entitlement Funds plus $375,000 in Program Income for total estimated available
funding of$542,188 NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO:
Section 1. 2012 HOME funds received by the City of Pasco shall be allocated to the
Community Housing Improvement Program (CHIP) which operates city-wide. Priority will be
given to neighborhood improvement areas and low-moderate income census tracts as needed for
the activities below:
Estimated
Activity Units Amount
HOME Administration $ 37,500.00
First Time Homebuyer's Program 15 $ 142,500.00
Acquisition & Infill Construction 3 $ 362,188.00
TOTAL ALLOCATED 18 $ 542,188.00
PASSED by the City Council of the City of Pasco this day of V2011.
CITY OF PASCO:
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Matt Watkins
Mayor
ATTEST: APPROV AS TO FORM:
Leland B. Kerr
City Clerk,4�jAdj City Attorney