HomeMy WebLinkAbout~Master - Authorizing Housing Coordinator to approve minor revisions to Assistance Program RESOLUTION NO. 99-290
RESOLUTION AUTHORIZING HOUSING COORDINATOR
TO APPROVE MINOR REVISIONS TO AMES/STORY COUNTY
PARTNERSHIP AFFORDABLE HOUSING DOWN PAYMENT
AND CLOSING COSTS ASSISTANCE PROGRAM
FOR THE CITY OF AMES,IOWA
WHEREAS, as part of the 28-E Agreements with the participating cities and Story County,
the City of Ames is responsible for the administration of the down payment and closing cost
assistance portion of the Ames/Story County Affordable Housing Program; and,
WHEREAS, as program implementation continues,from time to time changes will need to
be made to the Down Payment and Closing Cost Assistance Guidelines that will allow the program
to become more efficient and effective and allow it to be better utilized by interested first-time
homebuyers; and,
WHEREAS, in order to be able to implement these changes in a more timely manner, staff
is requesting that City Council authorize the Housing Coordinator, after consultation with the
participating lenders and cities, to make changes to the down payment and closing cost assistance
guidelines, as needed; and,
WHEREAS, staff will notify the Council as these changes are made and the impact the
changes will have on the Program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Housing Coordinator is hereby authorized to amend the Down Payment and Closing Cost
Assistance Program Guidelines, as needed, in connection with the Ames/Story County Affordable
Housing Program.
ADOPTED THIS 10th day of August, 1999.
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Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Cross
Seconded by: Wirth
Voting aye: Campbell, Cross, Parks, Quirmbach, Wirth
Voting nay: None Absent: Hoffinan
Resolution declared adopted and signed by the Mayor this loth day of August, 1999.