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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: <br /> <br /> <br />Appropriation <br /> <br />Requested By: <br /> <br />Source of Funds: <br /> <br />N/A <br /> <br />Department: <br /> <br />Planning <br /> <br />Account Number: N/A <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />x <br /> <br />Amount Budgeted: N/A <br /> <br />Exhibits: <br /> <br />Ordinance <br /> <br />Amount Requested: N/A <br /> <br />Exhibits: <br /> <br />Sales Contract <br /> <br />Budgeted Item: YES NO <br /> <br />Exhibits <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The City is participating in the HOME Program through Harris County in what has been referred to as the Northside <br />Grant. The City was to construct two "model" homes to sell to qualified individuals. Nine other homes were to be <br />constructed with the City assisting with down payments in the amounts of about $22,000 per applicant. The builder, <br />Bayou Housing, would deal direct with the applicants on those nine. <br /> <br />The City is about to close on the first two "model" homes. City Council is requested to authorize 1) the sale of the <br />two homes; and 2) the City Manager as the City's representative to execute the closing documents. Both are <br />identical except for the locations and selling price. <br /> <br />This item is for the 1,988 sq. ft. home at 330 North 5th Street priced at $90,500. <br /> <br />Action Required bv Council: <br /> <br />Consider approval of an ordinance authorizing the sale of the home located at 330 N. 5th Street as part of the City's <br />HOME Grant, and authorizing the City Manager as the City's representative to execute the closing documents. <br /> <br />Approved for City Council Ae:enda <br /> <br /> <br />De~~~ p~u~j~ <br /> <br />-1--0 ~cX( <br /> <br />Date <br />