RESOLUTION NO. 121030
Amending
the 2010 One Year Action Plan and authorizing submittal of a Substantial
Amendment to the U.S. Department of Housing and Urban Development for its
consideration in order to permit a new activity to be funded and amend the
budget for the Neighborhood Stabilization Program-3 funding received under the
Wall Street Reform and Consumer Protection Act of 2010.
WHEREAS, on July
21, 2010, Congress enacted Public Law 111-203, the Wall Street Reform and
Consumer Protection Act of 2010, which through Section 1497 allocated
additional funds for the third round of the Neighborhood Stabilization Program
(NSP) previously established by Section 2301(b) of the Housing and Economic
Recovery Act of 2008 (Public Law 110-289); and
WHEREAS, the
City of Kansas City, Missouri, has been allocated $1,823,888.00 in funding from
HUD to be used toward eligible activities under NSP; and
WHEREAS, in
order to provide funding for the redevelopment of property located within the
Green Impact Zone, the City must amend its application for NSP-3 funding which
was approved by Council through Resolution No. 110116 and amended by Council
through Resolution No. 120823 and submit said Substantial Amendment to HUD for
its consideration; NOW, THEREFORE,
BE IT RESOLVED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That
the second NSP-3 Substantial Amendment to the 2010 Action Plan prepared
pursuant to the Wall Street Reform and Consumer Protection Act of 2010, a copy
of which, in substantial form, is on file in the Neighborhoods and Housing Services
Department and is incorporated herein by reference, is hereby approved.
Section 2. That
the City Manager, 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 Substantial Amendment has been
prepared pursuant to and in accordance with the Wall Street Reform and Consumer
Protection Act of 2010, as well as with U.S. Department of Housing and Urban
Development’s standard rules and regulations pertaining to the use of Community
Development Block Grant funds.
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