HomeMy WebLinkAbout3617 ResolutionRESOLUTION NO. 36-17
A RESOLUTION APPROVING AMENDMENT NO. 1 TO THE HOME
COOPERATIVE AGREEMENT FOR TRI -CITIES HOME CONSORTIUM OF
KENNEWICK, PASCO, AND RICHLAND UNDER THE NATIONAL AFFORDABLE
HOUSING ACT
WHEREAS, the Cities of Kennewick, Pasco and Richland entered into a cooperative
agreement to form a consortium to increase the local supply of decent affordable housing to low
income residents as authorized by Public Law 101-625, the National Affordable Housing Act of
1990 (NAHA); and
WHEREAS, the members of the Consortium desire to amend the cooperative agreement
to incorporate changes previously agreed upon to limit activities to down payment assistance, distribute
grant funds equally, shorten deadlines for expending funds, and permitting greater than the 15% minimum
set-aside be used for CHDO projects, and
WHEREAS, the members of the consortium desire to amend the cooperative agreement to
specify how Administrative Shortfalls and Negative hiterest will be allocated, and
WHEREAS, the Term of the Cooperative Agreement, limits exposure to the members of the
consortium to the length of time necessary to carry out all the activities that will be funded from funds
awarded for three federal fiscal years 2014, 2015, 2016; NOW THEREORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO:
That the City Council approves Amendment No. 1 to the HOME Consortium
Cooperative Agreement with the Cities of Kennewick and Richland and authorizes the City
Manager to sign the agreement.
PASSED by the City Council of the City of Pasco this day of February, 2015.
Matt atkins
Mayor
ATTEST:
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Deb . Clark
City Clerk
APPROVED AS TO FORM:
CLB.Kerr
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