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HomeMy WebLinkAbout3499 Resolution RESOLUTION NO. T 1 A RESOLUTION APPROVING FEDERAL HOME WORK PLAN ALLOCATION FOR PROGRAM YEAR 2014 WHEREAS, the City of Pasco entered into an Agreement with Kennewick and Richland in 2013 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 2014, the City of Pasco will receive $149,723 federal HOME Entitlement Funds, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO: Section 1. 2014 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: 2014 Activities Units Amount First Time Homebuyer Assistance 13 $ 145,236.00 TOTAL ALLOCATED 13 $ 145,236.00 PASSED by the City Council of the City of Pasco this /1 day of Aces/7 2013. CITY OF PASCO: Matt Watkins Mayor ATTEST: APPROVED AS TO FORM: gn Zen cu vi, -Col/ Debra L. C rk Leland B. Kerr CMC City Clerk City Attorney