HomeMy WebLinkAbout~Master - Amendment to agreement for 1508 Carroll Avenue RESOLUTION NO. 07-326
RESOLUTION APPROVING AMENDMENT TO AGREEMENT WITH
HABITAT FOR HUMANITY OF CENTRAL IOWA, INC., FOR PURCHASE AND
REHABILITATION OF PROPERTY AT 1508 CARROLL AVENUE
FOR THE CITY OF AMES,IOWA
WHEREAS, the City Council for the City of Ames,Iowa, approved an agreement between
the City of Ames and Habitat for Humanity of Central Iowa,Inc.,for the purchase and rehabilitation
of property at 1508 Carroll Avenue,Ames, Iowa,on February 27,2007,by Resolution No. 07-094;
and,
WHEREAS, the agreement requires the gross annual income of the qualified home buyer
to be at or below 50% of the Story County median income; and,
WHEREAS, the Department of Housing and Urban Development(HUD)recommends the
requirement of the gross annual income to be at or below 80%of the Story County median income.
NOW, THEREFORE, BE IT RESOLVED,by the City Council of the City of Ames,Iowa,
that the amendment to the agreement with Habitat for Humanity of Central Iowa, Inc., for the
purchase and rehabilitation of property at 1508 Carroll Avenue is hereby approved, thereby
increasing the gross annual income requirement for the qualified home buyer to be at or below 80%
of the Story County median income.
Adopted this 1 Ot'day of July, 2007.
C�A�""R. L -14& A. "X - �A�v
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Rice
Seconded by: Popken
Voting aye: Doll, Goodman, Mahayni, Popken, Rice
Voting nay: None Absent: Larson
Resolution declared adopted and signed by the Mayor this 10' day of July, 2007.