HomeMy WebLinkAbout7687RESOLUTION NO. 7687
A RESOLUTION ENDORSING A SECTION 202 SUPPORTIVE
HOUSING APPLICATION TO HOUSING AND URBAN
DEVELOPMENT BY THE PUEBLO SENIOR CITIZEN
RESOURCE DEVELOPMENT AND COORDINATION
AGENCY, INC. AND UPON APPROVAL, RESERVING 1996
HOME FUNDS AUTHORIZED UNDER TITLE II OF THE
CRANSTON- GONZALES NATIONAL AFFORDABLE
HOUSING ACT
WHEREAS, SRDA, by application dated July 24, 1995, has submitted an application
to Housing and Urban Development for a Section 202 Supportive Housing for the Elderly
Capital Advance and;
WHEREAS, the City of Pueblo is sensitive to SRDA's request for financial assistance
for efforts to create housing for the elderly and is firmly committed to provide the Sponsor
or its designee with financial assistance:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO
COLORADO, that:
SECTION 1.
Upon approval of said application by Housing and Urban Development, the City
Council of the City of Pueblo will reserve through the HOME Cash and Management
Information (C /MI) System, $200,000 as a local contribution toward the Section 202 Housing
Application. Funds will be committed for costs related to the construction of the facility and
necessary to complete the housing project as more specifically itemized in the attached letter.
In addition to HOME funds, $125,000 will be contributed by the City toward start up
expenses including consulting fees, architectural and engineering fees, soil tests, site survey,
drainage study, appraisal, environmental surveys and other special features mutually agreed
to and subject to eligibility under the HOME regulations as dictated under Section 24, CFR
92 of Title II of the Cranston - Gonzales National Affordable Housing Act.
INTRODUCED: August 14 , 1995
ATTEST:
City Cler
By Al Gurgle
Councilperson
APPROVED:
President of the City Council