Title
RESOLUTION REPROGRAMMING FUNDS FROM THE 2011 PROGRAM YEAR IN THE AMOUNT OF $10,000; FROM THE 2012 PROGRAM YEAR IN THE AMOUNT OF $500; AND FROM THE 2014 PROGRAM YEAR IN THE AMOUNT OF $15,000 FOR A TOTAL OF $25,500 FOR THE JAY STREET DEVELOPMENT PROJECT BY ONE ROOF.
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CITY PROPOSAL:
RESOLVED, that the city council hereby transfers $10,000 from the 2011 CDBG Program Year, $500 from the 2012 Program Year, and $15,000 from the 2014 Program Year totaling $26,000 to the Jay Street Development Project by One Roof. The funds were not spent in the program years, therefore these funds are available for reprogramming. The Jay Street Development Project needs additional funds due to higher than expected clean-up costs at the site and to insure that two housing units will be available to families making 115% of AMI. This resolution will add $25,500 in funds to the existing HRC/One Roof contract 22634 as set forth below:
2011 CDBG Program - Fund 260, Agency 020, Object 5434, Project CD11CD
Sub-Project Activity Project Amount New Grant Difference
ECDV 2412 SOAR (D@W) $160,000 $150,000 ($10,000)
2012 CDBG Program - Fund 260, Agency 020, Object 5434, Project CD12CD
Sub-Project Activity Project Amount New Grant Difference
ECDV 1244 CHUM $72,000 $57,000 ($15,000)
2014 CDBG Program - Fund 260, Agency 020, Object 5434, Project CD14CD
Sub-Project Activity Project Amount New Grant Difference
PSVC 1050 Trns hsg/AICHO $4,500 $4,000 ($500)
2015 Home Program - Fund 260, Agency 020, Object 5434, Project CD15CD
Sub-Project Activity Project Amount New Grant Difference
HOUS 1734 HRC/One Roof $515,000 $540,500 $25,500
Statement of Purpose
STATEMENT OF PURPOSE: The environmental cleanup costs at the Jay Street Development were higher than anticipated and there is a need in the community for single family homes priced at %115 AMI, and there are $25,500 in program funds from previous program years that are available for housing. The Jay Street Development includes the construction of 9 single family units that will have a mixture of land trust homes priced at %115 AMI and market rate homes, the additional funds will maintain this housing mixture. The funds described in this resolution are only for the Land Trust homes and not for the market rate homes.