O-2006-2936 - Laserfiche WebLink

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RE UEST FOR CITY COUNCIL AGENDA ITEM Agenda Date Requeste . Appropriation Requested By: Source of Funds: 015 (CIP) Department: Account Number: 015-9892-859-5120 Report: ...x...- Resolution: Ordinance: --L Amount Budgeted: $91,000.00 Amount Requested: $42,202.69 YES Exhibits: Ordinance Contract with Harris County Budgeted Item: SUMMARY & RECOMMENDATION In August 2005 the City of La Porte completed a HOME grant program by constructing two new homes and providing downpayment assistance for eleven new home owners as part of the Northside Neighborhood affordable housing project. This program has received acclaim and was instrumental in the City receiving the TML Award of Excellence as part of the Tax Resale Program. As part of its continued commitment to provide affordable housing and renewal to the City's north side, Staff submitted a new grant application for $292,300 in December 2004 to construct five additional homes. HOME grants require a 25% match in a combination of "in-kind" funds and/or cash contributions. The City chose not to pursue the downpayment assistance portion of the grant so as not to compete with Harris County's downpayment assistance program. The City was notified of the tentative award of this grant in December 2005. Due to the match requirement and the rising construction costs, the City requested a meeting with Harris County Community Development and secured an additional $160,000 commitment for a total grant award of $452,300. This grant award was approved at Commissioner's Court on March 7, 2006. In May 2006, County requested a modified budget and project time line to update the City's original proposal. In June 2006, the City received notification that the draft contract added another $5,000 to the award to cover administrative costs and bringing the final total of the amount awarded to the City of La Porte to $457,300. The contract was approved at Commissioner's Court on August 22, 2006. The City's match will be 25% or $114,325. Of this amount, the City will contribute $72,122.31 "in-kind" costs: Waived permits and fees-- Lots Appraised Va1ue------- Appraisal F ees---------------- Deed Recording Fees------ Lien Release Fees---------- Liens Waived ------------------ Clearing Permit--------------- Total---in kind------------------ $19,427.75 ($3885.55 x 5 lots) $36,950.00 (5 lots total) $ 2,500.00 $ 100.00 $ 2,500.00 $ 10,624.56 $ 20.00 $72,122.31 Cash contribution will total $42,202.69 to cover the remammg contractual 25% match and Harris County infrastructure inspections. The cash contribution will be spent on the project before reimbursement requests for grant money can be submitted. Future Council actions will consider award of a contract with a builder for this project and marketing/closing assistance for citizens of La Porte. The project addresses are: 211 North 1st Street (Lots 23-24, Block 62, La Porte), 216 North 2nd Street (Lots 3-4, Block 62, La Porte), 207 North 2nd Street (Lots 21-23, Block 63, La Porte), 210 North 6th Street (Lots 9-11, Block 66, La Porte), 224 North 6th Street (Lot 3-4, Block 66, La Porte)