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Home My WebLink AboutRES.2449.05-04-2009a, , BILL NO. 09-82 RESOLUTION NO. C A RESOLUTION AUTHORIZING THE INTERIM CITY MANAGER TO ACCEPT A NEIGHBORHOOD STABILIZATION PROGRAM GRANT FROM THE MISSOURI DEPARTMENT OF ECONOMIC DEVELOPMENT TO ACQUIRE, REHABILITATE AND RE -SELL FORECLOSED HOMES, IN THE CITY OF CAPE GIRARDEAU, MISSOURI, AND TO EXECUTE ALL NECESSARY GRANT DOCUMENTS BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CAPE GIRARDEAU, MISSOURI, AS FOLLOWS: ARTICLE 1. The Interim City Manager, for and on behalf of the City of Cape Girardeau, Missouri, is hereby authorized to accept a Neighborhood Stabilization Program Grant from the Missouri Department of Economic Development to acquire, rehabilitate and re -sell foreclosed homes, in the City of Cape Girardeau, Missouri, and to execute all necessary grant documents. A copy of said Agreement is attached to this Resolution and made a part hereof. PASSED AND ADOPTED THIS DAY OF 20 ATTEST: Gayler]$. Conrad, City Clerk '/ eo`,. v rte..._ J . Knudtson, Mayor ' 4SIGHT COUNSELING, INC. 937 Broadway, Broadway Plaza, Suite 305 Cape Girardeau, Missouri 63701 573.334.7995 voice 573.335.8610 fax www.4sightrounseling.org 04-29-09 Mr. Steve Williams Housing Assistance Coordinator City of Cape Girardeau 401 Independence Cape Girardeau, MO 63 703 Dear Steve, 4 -Sight Counseling is a 501(c) 3 not for profit HUD Approved Housing Counseling Agency. Our primary focus is to work with individuals and families to get into and to stay in housing, through home ownership. 4 -Sight Counseling would like to partner with the City of Cape Girardeau on the Neighborhood Stabilization Program (NSP) project through the Community Development Block Grant (CDBG) Program. This program is parallel in scope and purpose for the mission of our agency. This NSP program provides for the purchase, rehabilitation and re -sale of foreclosed homes. The re -sale of these homes will be to individuals and families that fall within the guidelines of the 80% low median income (LMI). This will allow for low median income families to develop wealth through home ownership, which is one of our main functions as a housing counseling agency. 4 -Sight Counseling is anxious to work with the City of Cape on such an exciting venture as working with low income families to get them into home ownership. Another exciting feature of this program is to work toward the stabilization and improvement of neighborhoods that experience foreclosures. This program is designed to get low income families into home ownership in neighborhoods that are facing significant economic demise through foreclosures and home vacancies. Please consider this letter as an endorsement of the program and our commitment to work toward the improvement of individuals, families, neighborhoods and the community in general. Let me know if there is anything else you need from me or 4 -Sight Counseling, Inc. Respectfully Submitted, Tim Gould, Ed.D President A HUD APPROVED HOUSING COUNSELING AGENCY LIVE UNITED._ MISSOURI DEPARTMENT OF ECONOMIC DEVELOPMENT COMMUNITY DEVELOPMENT BLOCK GRANT - NEIGHBORHOOD STABILIZATION PROGRAM rtie b FUNDING APPROVAL yoccc*� under Title I of the Housing and Community Development Act of 1974 (Public Law 93-383) as amended, and I nle Ill of Uivision B of the 1. NAME AND ADDRESS OF GRANTEE Cape Girardeau 401 Independence Street Cape Girardeau, Missouri 63703 Cape Girardeau County 2. PROJECT NUMBER 3. SEN. DIST. and economic Kecovery Act of 2UUZ5 (Public Law I IU -289) 10. PROJECT DESCRIPTION (indicate specific scope of each activity regardless of funding source) REP. DIST 2008 -DN -02 27 157/158 4. POPULATION 5. NO. OF UNITS 35,349 4 6. GRANT AWARD DATE 7. GRANTEE FYE DATE 03/11/09 6/30 8. MAXIMUM CDBG-NSP GRANT AMOUNT AWARDED $325,639 9. APPROVED ACTIVITIES, COSTS, AND FUNDING STRATEGY N/A REQ. ACT. ENV. CDBG-NSP PROGRAM ACTIVITY NO. REV.(1) TOTAL FUNDS(2) Acquisition 1 Y $ 227,190 $ 227,190 Rehabilitation 2 Y $ 75,730 $ 75,730 Administration 8 N $ 22,719 $ 22,719 Project consists of acquisition/rehabilitation of foreclosed homes. No acquisition or rehabilitation/construction activities may commence prior to the completion of the CDBG environmental review and the issuance of the Authority to Use Grant funds. Davis Bacon is applicable as required. NATIONAL OBJECTIVE: LMMI LMMI PERSONS 100.0% LMMI FAMILIES 100.0% MATCHING FUNDS RECIPIENT OTHER CASH IN-KIND PRIVATE STATE/FED TOTAL I 1 1 $ 325,639 1 $ 325 639 1 $ 0 1 $ 0 1 $ 0 1 $ 0 (1) Funds for activities that are conditioned subject to an environmental review may not be incurred or obligated until a written "Authority to Use Grant Funds" is issued by DED. (2) This column represents the maximum amount of CDBG-NSP funds approved for each activity; the grantee may transfer funds between activities an amount not to exceed $10,000 or 10% of the total CDBG-NSP allocation, whichever is less, except administration. PREPARED BY JDATE Andy Papen 01/20/09 4SIGHT COUNSELING INC. 937 Broadway, Broadway Plaza, Suite 305 Cape Girardeau, Missouri 63701 573.334.7995 voice 573.335.8610 fax www.4sightcounseling.org 04-29-09 Mr. Steve Williams Housing Assistance Coordinator City of Cape Girardeau 401 Independence Cape Girardeau, MO 63703 Dear Steve, 4 -Sight Counseling is a 501(c) 3 not for profit HUD Approved Housing Counseling Agency. Our primary focus is to work with individuals and families to get into and to stay in housing, through home ownership. 4 -Sight Counseling would like to partner with the City of Cape Girardeau on the Neighborhood Stabilization Program (NSP) project through the Community Development Block Grant (CDBG) Program. This program is parallel in scope and purpose for the mission of our agency. This NSP program provides for the purchase, rehabilitation and re -sale of foreclosed homes. The re -sale of these homes will be to individuals and families that fall within the guidelines of the 80% low median income (LMI). This will allow for low median income families to develop wealth through home ownership, which is one of our main functions as a housing counseling agency. 4 -Sight Counseling is anxious to work with the City of Cape on such an exciting venture as working with low income families to get them into home ownership. Another exciting feature of this program is to work toward the stabilization and improvement of neighborhoods that experience foreclosures. This program is designed to get low income families into home ownership in neighborhoods that are facing significant economic demise through foreclosures and home vacancies. Please consider this letter as an endorsement of the program and our commitment to work toward the improvement of individuals, families, neighborhoods and the community in general. Let me know if there is anything else you need from me or 4 -Sight Counseling, Inc. Respectfully Submitted, t Tim Gould, Ed.D President A HUD APPROVED HOUSING COUNSELING AGENCY LIVE UNITED_ MISSOURI DEPARTMENT OF ECONOMIC DEVELOPMENT COMMUNITY DEVELOPMENT BLOCK GRANT - NEIGHBORHOOD STABILIZATION PROGRAM ` FUNDING APPROVAL Mur S.ua.arta�a a. cc under Title 1 of the Housing and Community Development Act of 1974 (Public Law 93-383) as amended, and Title III of Division B of the Housine and Economic Recovery Act of 2008 (Public Law 110-289) 1. NAME AND ADDRESS OF GRANTEE 10. PROJECT DESCRIPTION (indicate specific scope of each activity Cape Girardeau regardless of funding source) 401 Independence Street Project consists of acquisition/rehabilitation of Cape Girardeau, Missouri 63703 foreclosed homes. Cape Girardeau County No acquisition or rehabilitation/construction activities 2. PROJECT NUMBER 3. SEN. DIST. REP. DIST. may commence prior to the completion of the CDBG 2008 -DN -02 27 157/158 environmental review and the issuance of the Authority to Use Grant funds. 4. POPULATION 5. NO. OF UNITS 35,349 4 Davis Bacon is applicable as required. 6. GRANT AWARD DATE 7. GRANTEE FYE DATE 03/11/09 6/30 8. MAXIMUM CDBG-NSP GRANT AMOUNT AWARDED $325,639 NATIONAL OBJECTIVE: LMMI 9. APPROVED ACTIVITIES, COSTS, AND FUNDING STRATEGY N/A LMMI PERSONS 100.0% LMMI FAMILIES 100.0% REQ. MATCHING FUNDS ACT. ENV. CDBG-NSP RECIPIENT OTHER PROGRAM ACTIVITY NO. REV.(1) TOTAL FUNDS(2) CASH IN-KIND PRIVATE STATE/FED Acquisition 1 Y $ 227,190 $ 227,190 Rehabilitation 2 Y $ 75,730 $ 75,730 Administration 8 N $ 22,719 $ 22,719 TOTAL $ 325,639 1 $ 325,639 $ 0 $ 0 $ 0 $ 0 (1) Funds for activities that are conditioned subject to an environmental review may not be incurred or obligated until a written "Authority to Use Grant Funds" is issued by DED. (2) This column represents the maximum amount of CDBG-NSP funds approved for each activity; the grantee may transfer funds between activities an amount not to exceed $10,000 or 10% of the total CDBG-NSP allocation, whichever is less, except administration. PREPARED BY DATE Andy Papen 01/20/09 i � T4h�ca C' LL e� � ��_ - �t`a • moo,. ._.._..,.t n..._.._.._.._..,�� o �a o ay . oo o W 'O Mec W Timon G r- ' G oA, � drQ,e �atd rncis N. Capaha h �e Flint y o - cs N Ke c01 R bc7 's: fZiv r�re'st O y� ri _ _ _ ' �� t. a .,�•�•• - E er d =- _ �=�a o� ��• n .Ai a •�� e Ma= �. -W I y4 � N - :� _ ,• Legend w /V ashin a �: CO: �•• Red_Star Neighborhood_StabiIization current structures 9¢ : Park` _ —••—•• city_limits line 'J e Vie_ 1 inch = 1,377 feet 1,800 900 0 1,800 Feet � q