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HomeMy WebLinkAbout7521:i RESOLUTION NO. 7S21 A RESOLUTION ESTABLISHING A VACANT LOT RECYCLE PROGRAM TO ASSIST LOW - AND - MODERATE -INCOME FIRST TIME HOMEBUYERS TO FINANCE AND CONSTRUCT SINGLE FAMILY HOMES AND REDEVELOP EXISTING NEIGHBORHOODS WHEREAS, there exists a shortage within the City of Pueblo of safe, decent and sanitary housing which is affordable to low and moderate income families; and WHEREAS, there also exists a shortage of affordable building sites within the City for the construction of new safe, decent and sanitary housing which is affordable to low and moderate income families; and, WHEREAS, the provision of sufficient affordable decent, safe and sanitary housing for low and moderate income persons serves municipal and public purposes; and WHEREAS, certain vacant lots owned by the City may be surplus to the City's needs and could be transferred and used for construction of new housing for low and moderate income families; and WHEREAS, the transfer of City owned surplus property for construction of such housing serves primarily public purposes by providing an affordable supply of housing for low and moderate income families, by returning unproductive property back to the municipal tax base, and by preserving and enhancing existing neighborhoods; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that: SECTION 1 A Vacant Lot Recycle Program is hereby established and shall be conducted in accordance with the following procedures and requirements: A. The Department of Housing and Community Development of the City of Pueblo (hereinafter referred to as "the Department ") shall be responsible for the administration of the Vacant Lot Recycle Program (hereinafter referred to as "the Program ") in accordance with the terms and provisions of this Resolution. B. From time to time, the Department shall examine its own records and land inventory records of other City departments and prepare a detailed initial listing of vacant lots owned by the City which may be surplus to the City's needs. The Department shall perform appropriate title search and feasibility evaluation as to the properties identified on the initial list in order to determine which properties may be both surplus and suitable for construction of housing units for low and moderate income families, and shall identify only the suitable properties on a Screening List of Property for Vacant Lot Recycle Program (the "Screening List ") which shall contain all of the following information: (i) the complete legal description and common address of the property; (ii) a statement describing the manner by which the City acquired the property including the date of acquisition and cost of acquisition. (iii) a description of any nearby facilities owned or operated by the City, the names of all streets abutting the property, and identification of any utilities, drains or easements upon, across or adjacent to the property. (iv) any other information relating tothe property which may be relevant to its reuse. C. Upon completion of a Screening List, Department shall provide a copy of same to every other City department with a request that the Department be notified within 30 days if any of such other departments have reason to believe the property may have a present or future use or value to or for any City department, function, activity, project, easement or otherwise. In the event Department receives notice that a property may have some other possible use or value to the City, -2- it shall remove that property from further consideration. The properties remaining on the Screening List after such review and removal process shall be listed on a Final Property List for Vacant Lot Recycle Program, and presented to City Council for approval. D. Persons interested in acquiring a lot under the Program shall submit an application therefore with the Department on forms prepared by the Department. Persons making application to participate in the program shall meet all of the following criteria and requirements: (i) Applicant must meet the income and asset guidelines and limitations to qualify as a low or moderate income household within the meaning of that phrase as defined in 24 CFR Part 570 and Section 8 of the Housing Act of 1937. (ii) Applicant shall intend to construct a new home upon the vacant lot to be occupied as his sole and only place of residence. (iii) Housing to be constructed shall comply with the Uniform Housing Code and Uniform Building Code as adopted and amended by the City and shall meet all other applicable code requirements imposed by law or regulation. (iv) Applicant shall demonstrate compliance with all other loan or grant requirements applicable to construction or financing of the proposed new dwelling. (v) Applicant shall furnish a detailed estimate of costs of construction on forms acceptable to Department. (vi) Applicant shall timely provide to City and lenders all required credit information, income verification, construction loan verification, relevant economic and employment information, authorizations for release of confidential financial information, and household information concerning family size, family income and employment for all -3- members of the applicant's family. (vii) Applicant shall furnish sufficient evidence of financial ability to repay any funds necessary for construction financing and permanent mortgage loan. (viii) Applicant must be a first time homeowner. E. The Department shall review and evaluate each application on a case -by -case basis to determine whether Applicant meets or will be able to meet all program criteria and has proposed a feasible construction project. Priority among applicants shall be determined on a first- come -first- served basis based upon the date when a fully completed application has been evaluated and determined to meet or be able to meet program criteria. F. The Department shall approve an application for vacant lot under the Program upon compliance with all of the following: (i) The application is a completed qualified application with the earliest qualification date and the Applicant is ready to proceed with construction loan closing; (ii) Applicant has received firm commitments for financing required for construction. (iii) Applicant has entered into a written contract, on forms satisfactory to the Department, with a person or entity qualified to perform and complete the work and furnish the materials necessary to construct the home, contingent only upon transfer of the vacant lot and closing of the construction loan; (iv) The contract referred to in subparagraph (iii) above must require construction to comply with all applicable City building codes, and after construction the residence will comply with HUD's Housing Quality Standards set forth at 24 CFR 882.109. me (v) Applicant has not previously received assistance under the Program. G. Conveyance of lots shall be made by form of deed approved by the City Attorney and executed on behalf of the City by the President of City Council and the City Clerk. SECTION 2 The Department is hereby authorized and empowered to take all actions required or necessary to implement the Program in accordance with the requirements set forth in this Resolution. ATTEST: City tluk ' INTRODUCED: Dece n Der 12 1994 B SAMUEL COPS ENTINO Councilperson APPROVED: effient of City Council J: \CTTY \HOUSING \VCNTLOTS\RESOLUTI. WYD -5