HomeMy WebLinkAbout3417 Resolution RESOLUTION NO. 3 LI I
A RESOLUTION APPROVING THE 2013 NSP PROGRAM YEAR ALLOCATION
AND ANNUAL WORK PLAN AND AMENDING THE 2012 NSP PROGRAM YEAR
WORK PLAN
WHEREAS, the Neighborhood Stabilization Program (NSP) is authorized under Title III
of the Housing and Economic Recovery Act of 2008 (HERA), administered by the US
Department of Housing & Urban Development (HUD), and subject to both CDBG and HOME
regulations for the purpose of stabilizing neighborhoods negatively affected by foreclosures and
abandoned properties, and
WHEREAS, the City of Pasco expects to receive $80,000 in program income from the
sale of one foreclosed homes acquired and rehabilitated with NSP funds for use in 2013; and
WHEREAS, homes purchased with NSP funds were rehabilitated with HOME funds,
and the change in the estimated program income requires an amendment to the 2012 NSP work
plan allocation; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO:
Section 1. That the Pasco City Council hereby approves the 2013 Neighborhood
Stabilization Program (NSP) Plan work plan allocation as follows:
Proposed Activities Budget Units
Homebuyer Assistance(Infill and DPA) $ 72,000.00 7
Administration from PI $ 8,000.00
$ 80,000.00 7
Section 2. That the Pasco City Council hereby approves amendments to the 2012
Neighborhood Stabilization Program (NSP) Plan work plan allocation as follows:
2012 Amended Activities Budget Units
Acquisition&Rehabilitation Projects $ 135,425.00 1
First Time Homebuyer Assistance $ 38,500.00 4
Administration from PI $ 4,575.00
$ 178,500.00 5
PASSED by the City Council of the City of Pasco this 20 day of4U S , 2012.
Matt Watkins
Mayor
ALES ES %
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i L APPR S TO FOR
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De era . Clar Leland B. Kerr
CMC City Clerk City Attorney