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HomeMy WebLinkAbout~Master - HAP and ACC renewal contracts for Sheldon Munn Apartments RESOLUTION NO. 02-386 RESOLUTION APPROVING ANNUAL CONTRIBUTIONS CONTRACT AND HOUSING ASSISTANCE PAYMENTS CONTRACT FOR THE CITY'S SECTION 8 SUBSTANTIAL REHABILITATION RENTAL SUBSIDY PROGRAM LOCATED AT SHELDON MUNN APARTMENTS FOR THE CITY OF AMES, IOWA WHEREAS,the Department of Housing and Urban Development(HUD)is requesting that the Housing Assistance Payments(HAP)contract and the Annual Contributions Contract(ACC)be signed in connection with the administration of the Substantial Rehabilitation Subsidy Program for 18 units located in the Sheldon Munn Apartments; and, WHEREAS, the contract commitment is for a one-year period beginning September 2002; and, WHEREAS,this renewal would allow the City to continue to receive funds to assist eligible low-income elderly and disabled individuals with their rental housing needs. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the renewal of the Housing Assistance Payments and the Annual Contributions Contract with HUD for the City's Section 8 Substantial Rehabilitation Program are hereby approved. ADOPTED THIS 23rd day of July, 2002. Diane R. Voss, City Clerk Ted Tedesco,Mayor Introduced by: Cross Seconded by: Hoffman Voting aye: Cross, Goodhue, Quirmbach, Vegge, Wirth Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 23rd day of July, 2002.