Section 101-539 Res. 194-00; Agreement w/Columbia Community Development Corporation for Payment of New Housing Construction and Approving a Request to Utilize $8,487 of HOME Funds for Administrative Costs

Council Bill No.         R 194-00           

A RESOLUTION

authorizing a revised agreement with  Columbia Community Development Corporation for payment of new housing construction and approving a request to utilize $8,487 of HOME funds for administrative costs.

BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.  The City Council hereby determines that the use of HOME funds for the purpose of constructing new housing and for rehabilitation of existing housing for sale to low and moderate income families and individuals is an appropriate means to achieve the City’s housing and community development objectives.

    SECTION 2.  The City Manager is hereby authorized to execute a revised agreement with the Columbia Community Development Corporation for changes in payment for new construction of housing and for rehabilitation of existing housing.

    SECTION 3.  The form and content of the revised agreement shall be substantially as set forth in "Attachment A" attached hereto and made a part hereof as fully as if set forth herein verbatim.

    SECTION 4.  The request by Columbia Community Development Corporation to utilize $8,487 of HOME Funds for administrative costs in FY 2000 is hereby approved.

    ADOPTED this 2nd day of October, 2000.