HomeMy WebLinkAbout9-9-2004-13.15 - Resolution - 09/09/2004RESOLUTION NO. ~-~-2oo~,- l 'L I ~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS,
APPROVING A CONTRACT FOR HOME CHDO SET-ASIDE FUNDS TO THE BRAZOS VALLEY
COMMUNITY ACTION AGENCY
WHEREAS. the C,ty of College Stat,on ,s required by federal Department of Houmng and Urban Development
regulations to reserve no less than fifteen percent of its annual HOME grant for use by Community Houmng
Development Orgamzatmns (CHDO's} for the development of affordable housing; and
WHEREAS. HUD regulat,ons allow a mammum of 5°,'0 of the HOME grant be reserved for CHDO operating
funds to carry out such development; and
WHEREAS. The Brazos Valley Comnmmly Action Agency has met the requirements ora Community Housing
Development Orgamzatmn; and
WHEREAS, the construction of affordable housing through the CHDO is in accordance w,th the C~ty of
College Station Consohdated Plan; now, therefore.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION. TEXAS.
PART 1: That the City Counol hereby approves the contract w~th the Brazos Valley Commumty Action
Agency for $270.743.
PART 2:
That funding for th,s contract will come entirely from the Community Development FY2003 and
FY2004 federal HOME Investment Partnership Program Grants budget, as approved by Councd for
these activines in the Community Development 2003 and 2004 Act,on Plans. and the 2000-2004
Consolidated Plan
PART 3:
It ,s found and determined that the meeting at which th,s Resolution passed was open to the public as
required, and that pubbc notice of the ,,me. place, and purpose of sa,d meeting was g, ven as required
by the Open Meetings Act.
PART 4. That th,s resolution shall take effect ,mmed,ately from and after its passage.
ADOPTED th,s 9th day of September , A D 2004
ATTEST:
CONNIE HOOKS. City Secretary
APPROVED
APPROVED: