HomeMy WebLinkAbout3576 ResolutionRESOLUTION NO. 3 7
A RESOLUTION APPROVING THE 2015 NSP PROGRAM YEAR ANNUAL
WORK PLAN AND ALLOCATION
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 has $155,385 in unallocated program income from the
sale of foreclosed homes acquired and rehabilitated with NSP funds, and $41,688 from
unallocated entitlement funds; NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO:
Section 1. That the Pasco City Council hereby approves the 2015 Neighborhood
Stabilization Program (NSP) Plan work plan allocation as follows:
2015 Proposed Activities Budget Units
Acquisition & Rehabilitation $ 188,109.00
Administration fi-om P1 $ 8,964.00
$ 197,073.00 1
PASSED by the City Council of the City of Pasco this A— day of , 2014.
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Matt Watkins
Mayor
ATTEST:
City ClerkJ��
AP A S F
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