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HomeMy WebLinkAbout~Master - Contributions Contract Between HUD and the City of Ames RESOLUTION NO. 00-429 RESOLUTION APPROVING THE ANNUAL CONTRIBUTIONS CONTRACT (ACC) RENEWAL WITH HUD FOR THE CITY'S SECTION 8 MODERATE REHABILITATION RENTAL SUBSIDY PROGRAM FOR THE CITY OF AMES,IOWA WHEREAS, in June 2000, in accordance with HUD Notice PIH 99-14, the City Council renewed the Housing Assistance Payment Contract (HAP) between the City and William Clark (owner of the Sheldon-Munn Apartments)to continue the Section 8 Moderate Rehabilitation Rental Subsidy Program at the Sheldon Munn Apartments for another year; and, WHEREAS,the paperwork to continue funding ACC renewals is just now being processed by HUD; and, WHEREAS,HUD is now requesting that the City execute the Contract paperwork between the City and HUD for the 31 Moderate Rehabilitation units for another year(through June 30,2001); and, WHEREAS,the amount of funding by HUD to the City for this Contract period is$111,299. 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(Project No.IA089MR0001)through June 30,2001 is hereby approved. ADOPTED THIS 12th day of September, 2000. Diane R. Voss, City Clerk Ted Tedesco, Mayor Introduced by: Wirth Seconded by: Cross Voting aye: Campbell, Cross, Goodhue, Hoffman, Quirmbach, Wirth Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 12th day of September, 2000.