HomeMy WebLinkAbout~Master - Approving the Annual Contributions Contract (ACC) Renewal with HUD for the City's Section 8 Moderate Rehabilitation Rental Subsidy Program RESOLUTION NO. 99-425
RESOLUTION APPROVING THE ANNUAL CONTRIBUTIONS
CONTRACT (ACC) RENEWAL WITH HUD FOR THE CITY'S
SECTION 8 MODERATE REHABILITATION RENTAL SUBSIDY
PROGRAM (PROJECT NO. IA089MR0001)
FOR THE CITY OF AMES,IOWA
WHEREAS, the Department of Housing and Urban Development (HUD) has been
undergoing a reorganization of its field offices and the paperwork for contract renewals committed
over a year ago are just now being processed; and,
WHEREAS, the City has been receiving the rent funds for the Moderate Rehabilitation
Program since the beginning of the contract period; and,
WHEREAS,HUD is now requesting that the City execute the contract paperwork for the 31
units located at the Sheldon Munn Apartments that expired on June 30, 1998, and was renewed
through June 30, 1999; and,
WHEREAS, the maximum amount of funding by HUD to the City for this contract period
is $148,982; and,
WHEREAS, the ACC renewal for the period beginning July 1999 thru June 2000 is now
being processed, and staff anticipates that HUD will send that contract within the next month for
acceptance and executive by the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Annual Contributions Contract(ACC)renewal with HUD for the City's Section 8 Moderate
Rehabilitation Rental Subsidy Program(Program No.IA089MR0001)thru June 30, 1999,is hereby
approved.
ADOPTED THIS 27th day of April, 1999.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Hoffinan
Seconded by: Cross
Voting aye: Cross, Hoffinan, Parks, Quirmbach, Wirth
Voting nay: None Absent: Campbell
Resolution declared adopted and signed by the Mayor this 27th day of April, 1999.