HomeMy WebLinkAbout8-24-2006-12.01 - Resolution - 08/24/2006 ( RESOLUTION NO. 8 - 24 2006 - 12.01
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 City of College Station is required by federal Department of Housing and Urban
Development regulations to reserve no less than fifteen percent of its annual HOME Investment
Partnership Program Grant (HOME) for use by Community Housing Development Organizations
(CHDO's) for the development of affordable housing; and
WHEREAS, HUD regulations allow a maximum of 5% of the HOME grant be reserved for
CHDO operating funds to carry out such development; and
WHEREAS, the Brazos Valley Community Action Agency has met the requirements of a
Community Housing Development Organization; and
WHEREAS, the construction of affordable housing through the CHDO is in accordance with the
City of College Station Consolidated Plan; and ,
WHEREAS, the City of College Station City Council has previously approved the allocation of
these federal grant funds in Community Development annual Action Plans; 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 contract with the Brazos Valley
Community Action Agency for $293,482.
PART 2: That funding for this contract will come entirely from the Community Development
FY2006 Community Development Budget using HOME grant funds, as approved by
Council for these activities in the Community Development Department's 2005 and
2006 Action Plans.
PART 3: It is found and determined that the meeting at which this Resolution passed was open
to the public as required, and that public notice of the time, place, and purpose of said
meeting was given as required by the Open Meetings Act.
PART 4: That this resolution shall take effect immediately from and after its passage.
ADOPTED this 24th day of August , A.D. 2006.
ATTEST: APPROVED:
r
CONNIE HOOKS, City Secretary RON SILV A, Mayor
ID APPROVED:
City At t ey