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HomeMy WebLinkAbout07-23-26-7.6 - Resolution - 07/23/2026RESOLUTION NO. 07-23-26-7.6 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS, APPROVING THE CITY’S ACTION PLAN UNDER THE APPROVED FIVE- YEAR CONSOLIDATED PLAN AND ESTABLISHING A COMMUNITY DEVELOPMENT PROGRAM AS DESCRIBED IN CHAPTER 373 THE TEXAS LOCAL GOVERNMENT CODE. WHEREAS, the City Council of the City of College Station, Texas, desires to utilize federal Community Development Block Grant and HOME Investment Partnership Grant funds to: (1)improve the living and economic conditions of persons of low and moderate income; (2) benefit low- or moderate-income neighborhoods; (3) aid in the prevention or elimination of slum and blighted areas; and (4) meet other urgent community development needs; and WHEREAS, the City Council of the City of College Station, Texas, has: (1) identified areas of the City in which predominantly low- and moderate-income persons reside; (2) established areas in which community development activities are proposed; (3) prepared and adopted a plan under which citizens may publicly comment on the proposed community development activities; (4) conducted public hearings on the proposed activities; and (5) adopted the community development program by resolution; now, therefore; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That the City Council hereby approves the 2026-2027 Annual Action Plan, including the FY 2026 Annual Action Plan Budget attached as Exhibit A, and designates the City Manager or his designee the signature authority for all applicable and required documents; and PART 2: That the City Council hereby approves the adoption of the above referenced Community Development Program as defined and described in Chapter 373 of the Texas Local Government Code, also known as the Texas Community Development Act of 1975; and PART 3: That this resolution shall take effect immediately from and after its passage. ADOPTED this 23rd day of July, A.D. 2026. ATTEST: APPROVED: _____________________________ __________________________________ City Secretary Mayor APPROVED: _____________________________ City Attorney Exhibit A: FY 2026 Annual Action Plan Budget – Community Development PROJECT CDBG & HOME CARRY-OVER CDBG & HOME NEW ALLOCATIONS CDBG & HOME TOTAL PROPOSED Owner-Occupied Rehabilitation $24,678.99 $152,321.01 $177,000.00 Rehabilitation Administration $50,000.00 $0.00 $50,000.00 Homeowner Acquisition - Rehabilitation $50,000.00 $0.00 $50,000.00 Rental Housing - Rehabilitation $57,445.35 $402,205.84 $459,651.19 Homebuyer Assistance (DAP) $588,472.32 $61,527.68 $650,000.00 Tenant Based Rental Assistance – Deposits $12,670.00 $0.00 $12,670.00 Public Service Agency (See Attachment 3) $64,008.58 $211,180.50 $275,189.08 Public Facility $1,100,576.82 $722,956.97 $1,823,533.79 Section 108 Loan Financing Activities $45,962.48 $74,037.52 $120,000.00 Grant Administration $0.00 $298,497.79 $298,497.79 Recaptured Funds/ Program Income CDBG HOME $0 $4,311.72 Total Community Development Budget $3,916,541.85 Resolution 07-23-26-7.6