RESOLUTION NO. 110355
Amending
the 2010 One Year Action Plan and authorizing submission of a Substantial
Amendment to the U.S. Department of Housing and Urban Development (HUD) for its
consideration in order to meet funding deadlines under the HOME Investment
Partnerships Program (HOME) and to allocate program income.
WHEREAS, the City of Kansas City, Missouri, was
notified on March 1, 2011, that it needs to commit $576,414.78 in previously
awarded HOME funding in order to avoid recapture by HUD; and
WHEREAS, the
City anticipates receiving $2,300,000.00 in HOME program income from the
Housing and Economic Development Financial Corporation; and
WHEREAS, on
March 11, 2010, Council approved the City’s One Year Action Plan through
Committee Substitute for Resolution No. 100145 and submitted said Plan to HUD;
and
WHEREAS, the
submitted Plan was prepared pursuant to and in accordance with Title I of the
National Affordable Housing Act of 1990, as amended, as well as the appropriate
administrative rules and regulations promulgated and adopted under such Act;
and
WHEREAS, in
order to avoid the loss of the actual funding that was previously allocated by
HUD and to expend any program income received, the City must amend the One Year
Action Plan; NOW, THEREFORE;
BE IT RESOLVED BY THE
COUNCIL OF KANSAS CITY:
Section 1. That
the Substantial Amendment to the 2010 One Year Action Plan prepared pursuant to
the National Affordable Housing Act of 1990, as amended, a copy of which in
substantial form is attached hereto, is hereby approved.
Section 2. That
the Mayor, on behalf of the City of Kansas City, Missouri, is hereby authorized
to execute and submit the aforesaid Substantial Amendment to the United States
Department of Housing and Urban Development.
Section 3. That the
City Council hereby certifies that said Plan has been prepared and submitted to
the U.S. Department of Housing and Urban Development pursuant to and in
accordance with the Department’s rules and regulations, including but not
limited to Title 24 Section 570.301 through and including 570.306 of the Code
of Federal Regulations.
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