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HomeMy WebLinkAbout2009-067 CCRMember Kay Lasman introduced the following resolution and moved its adoption: RESOLUTION NO. 2009-67 ZESOLUTION APPROVING SUBRECIPIENT AGREEMENT FOR JENNEPIN COUNTY NEIGHBORHOOD STABILIZATION PROGRAM WHEREAS, Hennepin County (Recipient) has received a grant from the Federal Department of Housing and Urban Development (HUD) and is a sub-grantee to the Minnesota Housing Finance Agency under Title III of Division B of the Housing Economic Development Authority Recovery Act, 2008 (Public Law 110-289) (the Act), as amended, for emergency assistance for redevelopment of abandoned and foreclosed homes and residential properties commonly ref,-rred to as the Community Development Block Grant (CDBG) Neighborhood Stabilization Program (NSP); and WHEREAS, pursuant to the requirements of the Housing and Economic Development Authority Recovery Act of 2008, Hennepin County has proposed a Subrecipient Agreement Hennepin County Neighborhood Stabilization Program for execution by the City of Brooklyn Cem er and; and WHEREAS, Recipient has approved use of $1,905,500 of NSP funds by the City of Brooklyn Center (Subrecipient) for the implementation of eligible and fundable NSP Activitiy (ies) as set forth in the Subrecipient Agreement; and WHEREAS, the City of Brooklyn Center's proposed activities under the NSP include the following: 1. Financing Mechanism - Down Payment Assistance in the amount of $300,000 2. Financing Mechanism - Rehab Assistance in the amount of $500,000 3. Demolition - Blighted properties in the amount of $1,105,500 WHEREAS, pursuant to the Subrecipient Agreement between the City of Brooklyn Center and Hennepin County, the City agrees to assume certain responsibilities for the utilization of N SP funds; and WHEREAS, approval of the Subrecipient Agreement by the City of Brooklyn Center is required to receive NSP funds from Hennepin County. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center, that it approves the Subrecipient Agreement Hennepin County Neighborhood Stabilization -j 'rogram and authorizes the Mayor and City Manager to execute the Agreement. 1 1 RESOLUTION NO. 2009-67 13E IT FURTHER RESOLVED, that the City Council hereby authorizes and directs the May or and City Manager to execute any required third party agreement(s) on behalf of the city, if such an agreement is required. BE IT FURTHER RESOLVED, that the City Council authorizes the Mayor and City Manager `-.o approve any revisions to the Subrecipient Agreement required by Hennepin County, said revisions shall not constitute a revision that will substantially affect the nature or intent of the Subrecipient Agreement. e Mayor Mav 11, 2009 Dz to ATTEST:CJY 414Q. City Clerk The motion f6i the adoption of the foregoing resolution was duly seconded by member Dan Ryan and upon vote 3eing taken thereon, the following voted in favor thereof: Tim Willson, Kay Lasman, Tim Roche, Dan Ryan, and Mark Yelich; and the following voted against the same: none ; whereupon saii i resolution was declared duly passed and adopted. 1