HomeMy WebLinkAbout~Master - Guidelines and agreement for Sustainable Neighborhoods Project RESOLUTION NO. 04-445
RESOLUTION APPROVING PROGRAM GUIDELINES AND AGREEMENT
IN CONNECTION WITH THE HOUSING
FOR SUSTAINABLE NEIGHBORHOODS PROJECT
FOR THE CITY OF AMES
WHEREAS, at the February 10, 2004, City Council budget wrap-up meeting, the Council
allocated$25,000 on a matching-fund basis for Housing for Sustainable Neighborhoods,Inc.,subject
to the development of a detailed explanation on the use of these funds; and,
WHEREAS,the Housing for Sustainable Neighborhoods,Inc., is a non-profit organization
dedicated to maintaining diverse, family-friendly neighborhoods around the Iowa State University
campus; and,
WHEREAS, that agency seeks to help first-time home buyers who, at present, cannot
compete with investors buying homes as rental properties; and,
WHEREAS,over the past few months,staff has been working closely with the organization
to create program guidelines that will utilize the authorized City funds to help with program start-up
and implementation; and,
WHEREAS, additionally,the City Attorney has prepared a project agreement that outlines
the purpose, scope of services, method of payment, matching funds, and the restrictive covenant
provisions.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the attached Housing for Sustainable Neighborhoods Program Guidelines and Project
Agreement are hereby approved.
ADOPTED THIS 28th day of September, 2004.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Goodhue
Seconded by: Cross
Voting aye: Cross, Goodhue, Mahayni, Vegge, Wirth
Voting nay: Goodman Absent: None
Resolution declared adopted and signed by the Mayor this 28'day of September, 2004.