RESOLUTION NO. 100331
Amending
the 2008 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 to amend the
budget for the Neighborhood Stabilization Program funding received under the
Housing and Economic Recovery Act of 2008 (HERA).
WHEREAS, in July
2008, Congress enacted Public Law 110-289, the Housing and Economic Recovery
Act of 2008 (HERA), which provided funding to the U.S. Department of Housing
and Urban Development (HUD) to allocate to states, counties and cities in
response to the housing crisis; and
WHEREAS, Title
III of Division B of HERA created and funded the Emergency Assistance for the
Redevelopment of Abandoned and Foreclosed Homes, commonly known as the
Neighborhood Stabilization Program (NSP), under which state and local
governments may utilize the funding by establishing financing mechanisms for
the purchase and redevelopment of foreclosed homes and residential properties;
purchasing and rehabilitating abandoned or foreclosed residential properties;
establishing land banks for foreclosed homes; demolishing blighted structures;
and redeveloping demolished or vacant properties, among other eligible
activities; and
WHEREAS, the
City of Kansas City, Missouri, has been allocated $7,323,734.00 in funding from
HUD to be used toward the above mentioned purposes; and
WHEREAS, the
City wishes to also provide funding for the redevelopment of abandoned or
foreclosed properties, and in order to use the funding for this purpose the
City must amend its 2008 One Year Action Plan which was approved by Council
through Committee Substitute For Resolution No. 080218 and subsequently amended
by Council through Resolution No. 081110, 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 Substantial Amendment to the 2008 Action Plan prepared pursuant to the
Housing and Economic Recovery Act of 2008, a copy of which, in substantial
form, is on file in the Housing and Community Development Department and is
incorporated herein by reference, 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 Substantial Amendment has been
prepared pursuant to and in accordance with the Housing and Economic Recovery
Act of 2008 (HERA), as well as with U.S. Department of Housing and Urban
Developmentās standard rules and regulations pertaining to the use of Community
Development Block Grant funds.
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