Loading...
HomeMy WebLinkAbout~Master - 28-E agreements for affordable housing projects RESOLUTION NO. 05-111 RESOLUTION APPROVING INTERGOVERNMENTAL AGREEMENTS FOR AFFORDABLE HOUSING PROJECTS WITH AMES/STORY COUNTY PARTNERSHIP CITIES FOR THE CITY OF AMES WHEREAS,in connection with recommendations provided in a 1998 Ames/Story County Housing Needs Assessment Study, the City of Ames, in partnership with the cities of Collins, Colo, Huxley, Maxwell, McCallsburg,Nevada,Zearing,and Story County,created the Ames/Story County Affordable Housing Partnership (ASCP); and, WHEREAS,these cities formed a collaboration to create affordable housing opportunities in Ames/Story County by pooling local dollars of the Partnership to leverage state or federal grants that would create a housing bank to fund various types of housing programs for low-and moderate-income persons; and, WHEREAS,the Ames/Story County Partnership became a reality,and in July 1999,began implementing various affordable housing programs; and, WHEREAS,the last 28-E Agreement among the partners expired on June 30, 2003; and, WHEREAS,the Partnership has been meeting throughout the year to discuss and review the Program and financial status of the Partnership; and, WHEREAS,after reviewing administrative budgets,future revenue projections,repayments and interest earnings,$426,000 was shown to be available to implement programs and cover administrative costs without any additional local match contributions from the partners; and, WHEREAS,the Partnership requested the Down-Payment and Closing-Cost Assistance Program and the Minor Repair Program be reopened; and, WHEREAS, all partners, except Collins and Story County, have agreed to participate and signed 28-E Agreements. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the Amended 28-E Agreements with the participating cities of Colo, McCallsburg, Maxwell,Nevada, and Zearing, pertaining to the Ames/Story County Partnership Affordable Housing Program, are hereby approved. ADOPTED THIS 22°d day of March,2005. wz� Diane R. Voss, City Clerk Ted Tedesco, Mayor Introduced by: Goodhue Seconded by: Cross Voting aye: Cross, Goodhue, Goodman, Mahayni,Vegge,Wirth Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 22nd day of March, 2005.