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HomeMy WebLinkAbout01-029 AGENDA B1LL BREMERTON CITY COUNCIL 1. SUBJECT: FOR AGENDA OF: January 31, 2001 HOME Recommendation ORIGINATING DEPT.: DED ORIGINATOR: Deborah Peavler-Stewart DATE SUBMIT[ED: January 22, 2001 2. CLEARANCES: 3. EXHIBITS: City Attomey~-~---- Fiscal and Budget Committee Heard at study session January 17, 2001 Operations Committee Heard at studv session January 17, 2001 ENDORSEMENT X INFORMATION APPROVED BY COUNCIL PRESIDENT FOR SUBMITTAL: 4. SUMMARY STATEMENT AND REQUIREMENT FOR COUNCIL ACTION~ As a member of the Kitsap County HOME Consortium, the City of Bremerton receives an annual allocation of HOME funds from the Department of Housing and Urban Development (HUD) to expand the supply of safe, sanitary and affordable housing for low income persons. City Council is responsible to make the final determination concerning use of the funds. The Economic Development Department has received an application from the Low Income Housing Institute (LIHI) requesting $70,000 to determine the feasibility of purchasing the property at 704 Chester to develop affordable housing. We recommend awarding the funds for this purpose. 8. RECOMMENDATION: I move to allocate $70,000 from the HOME program to LIHI for predevelopment costs for the property at 704 Chester. 9. RESPONSIBLE OFFICIAL: ENFORCEMENT OFFICIA L: EXPIRATION DATE: REVIEW DATE: 10. NOTICE OF ACTION / PULLED TABLED APPROVED ~// DISAPPROVED AMENDED COUNCIL DIRECTIVE: AGE DA BILL No 0 t - o 2. CLEARANCE COMMENTS; None $. IMPACT ON NON-PASSAGE: Project will not be initiated 6. IMPACT ON STAFFING~ BUDGETS~ FACILITIES, EQUIPMENT OR OTHER I~F,,~OURCES: None 7. RESEARCH SOURCES: