RES 2018-0555 - Grant Agmt for rehabilitation and lead reduction work to 4217 Fowler AveCity Clerk Office Use Only:
Publication Date(if pplic ble):
RESOLUTION NO. 5)55—
Agenda Date: 1.8
Department:
Submitter:
CITY OF OMAHA
LEGISLATIVE CHAMBER
Omaha, Nebraska
RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA:
WHEREAS, the City annually receives HOME Investment Partnerships Program funds
HOME) for the purpose of providing affordable housing opportunities benefiting low- and moderate-income
residents; and,
WHEREAS, the Mayor recommended various projects in the 2017 Consolidated Submission
for Community Planning and Development Programs (Consolidated Plan); and,
WHEREAS, the City Council approved the 2017 Consolidated Plan approved by the City
Council on April 18, 2017 by Resolution No. 435, and as amended, which included the Rental Rehabilitation
Program; and,
WHEREAS, the City wishes to enter into an agreement with the Owner to assist the City in
utilizing such HOME funds; and,
WHEREAS, this property is located at 4217 Fowler Avenue, Omaha, Nebraska, 68111 which
is to be occupied by a qualified low- to moderate-income family whose annual household income is at or
below 80% of the Median Income by Family Size; and,
WHEREAS, the total estimated project cost is $48,839.00 consisting of $25,500.00 HOME
funds which are comprised of $12,000.00 for Rehabilitation Funds and up to $13,500.00 for lead removal and
radon work and $23,339.00 in private match funds; and,
WHEREAS, this project is in the best interest of the residents of the City of Omaha and those
residing therein; and,
WHEREAS, the Project is eligible for funding under the FY 2017 HOME Single Family Housing
Rehabilitation Program funds, and $25,500.00, as identified above, was allocated to the Project.
RESOLUTION NO. 4:3;;E
Page 2
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA:
THAT, the attached Deferred Payment Loan and Grant Agreement, as recommended by the
Mayor, to provide funding in the amount of $25,500.00 for the rehabilitation and lead reduction work to the
property located at 4217 Fowler Avenue, Omaha, Nebraska, 68111, owned by Michael S. Royce, Sr., is
hereby approved. Funds in the amount of $25,500.00 shall be paid as follows: FY 2017 HOME Rental
Rehabilitation Program funds in the amount of$25,500.00, Organization No. 128071, Fund No. 12179.
2680 dlh APPROVED AS TO FORM:
ASSISTANT CITY ATTORNEY DATE
Adopted:JUN122018
Attest:
City Clerk
Approved:
Mayor