Item No: 4.C.3
Meeting Date: January 28, 2013
From: Ken Thomas, Director of Housing & Economic Development
Subject: Resolution authorizing the Mayor and City Clerk to execute contracts and agreements pertaining to the Neighborhood Stabilization Program 3 (NSP3) Affordable Housing Program to include acquisition of properties and rehabilitation.
Staff recommends approval of the resolution authorizing the Mayor and City Clerk to execute contracts and agreements pertaining to the NSP3 Affordable Housing Program that includes acquisition of properties and rehabilitation.
The Neighborhood Stabilization Program 3 (NSP3) was established by the Federal Government for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and rehabilitation of foreclosed and abandoned homes and residential properties, the goal of the program is being realized.
Lake County Government is the recipient of NSP funding from the Federal Government and has contracted with the City of Leesburg to carry-out the programs. The City is obligated to acquire multi-family and single family housing within a targeted area. Vacant lots, vacant residential structures, and residential properties in need of rehabilitation will be considered.
The City of Leesburg approved the NSP3 agreement on July 9, 2012. The subject resolution will allow the Mayor and City Clerk to execute contracts and agreements to meet the requirements and deadlines in the NSP 3 agreement between Lake County Government and the City of Leesburg.
1. Approve the resolution authorizing the Mayor and City Clerk to execute contracts and agreements pertaining to the NSP 3 Agreement to acquire and rehab affordable housing; or
2. Such alternative action as the Commission may deem appropriate
NSP 3 funding of $360,000 has been set-aside for acquisition and rehabilitation of foreclosed and abandon properties. The required City match of $360,000 is available in the Carver Heights CRA fiscal year 2013 budget.
Prepared by: ______________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF No. ______________________
RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE CONTRACTS AND AGREEMENTS PERTAINING TO NSP 3 AFFORDABLE HOUSING PROGRAM; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the Mayor and City Clerk are hereby authorized to execute agreements and contracts pertaining to the NSP 3 affordable housing programs.
THAT this resolution shall become effective immediately.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the _28th____ day of _January_____ 2013.