HomeMy WebLinkAbout3397 Resolution RESOLUTION NO. 33/1
A RESOLUTION REALLOCATING ESTIMATED 2012 FEDERAL HOME FUNDS.
WHEREAS, the Council approved the 2012 Federal HOME Work Plan Allocation for
Program Year 2012 by Resolution 3335; and
WHEREAS, the Consortium received a reduced grant award, which reduced Pasco's
entitlement to $149,723 from estimated $167,188 and requires a significant amendment to the
Annual Action Plan; 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 reallocated to
the Community Housing Improvement Program (CHIP) as revised below. Priority will be given
to neighborhood improvement areas and low-moderate income census tracts as needed for the
following activities below:
Activity Estimated Units Original Revised
Allocation Allocation
HOME Administration $37,500.00 $37,500.00
First Time Homebuyer's Program 15 $142,500.00 $142,500.00
Infill Homebuyer's Program 3 $362,188.00 $344,723.00
TOTAL ALLOCATED 18 $542,188.00 $524,723.00
PASSED by the City Council of the City of Pasco this 7 day of , 2012.
CITY OF PASCO:
- di2J
Matt Watkins
Mayor
ATTEST: APPROVED AS TO FORM:
1,b6,,,Q4)L_01\ ''\,,_Debra L. Clark - Leland B. Kerr 1
CMC City Clerk City Attorney