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HomeMy WebLinkAboutRES 13-155 RESOLUTION NO.13-155 WHEREAS, on March 26, 2013, the City Council of the City of Beaumont passed Resolution No. 13-069 authorizing the City Manager to execute a contract with Spindletop MHMR Services to grant $363,211 in 2011 and 2012 HOME funds in connection with an affordable housing project located within the 2700 Block of South 8th Street; and, WHEREAS, on June 4, 2013, the City Council of the City of Beaumont passed Resolution No. 13-117 rescinding Resolution No. 13-069 and authorizing the City Manager to execute a contract with Spindletop Housing Corporation to grant$363,211 in 2011 and 2012 HOME funds in connection with an affordable housing project located within the 2700 Block of South 8`h Street; and, WHEREAS, in preparation of the project's closing, it is necessary that the contract be rescinded and a new contract be approved that will include HUD required Section 4- HOME Long Term Affordability language; and, WHEREAS, in orderto cancel the priorcontract Council needs to rescind Resolution No. 13-117 in order to enter into a new contract with Spindletop Housing Corporation to grant $363,211 in 2011 and 2012 HOME funds in connection with an affordable housing project located within the 2700 Block of South 8h' Street to include HUD required Section 4-HOME Long Term Affordability language; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the statements and findings set out in the preamble to this resolution are hereby, in all things, approved and adopted; and, THAT Resolution No.13-117 is hereby and forevermore rescinded; and, BE IT FURTHER RESOLVED THAT the City Manager be and he is hereby authorized to execute a contract with Spindletop Housing Corporation to grant $363,211 in 2011 and 2012 HOME funds in connection with an affordable housing project located within the 2700 Block of South 8th Street to include HUD required Section 4-HOME Long Term Affordability language. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 23rd day of July, 2013. �AtJA''Oa� for y - Mayor Pro Tem Ge rel Wright- %j1, =,i