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HomeMy WebLinkAboutRES 08-039 RESOLUTION NO. 08-039 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the City Council hereby adopts the Preliminary Budget of the 2008 HUD Consolidated Grant Program's Annual Action Plan. The Plan Budget is substantially in the form attached hereto as Exhibit "A" and made a part hereof for all purposes. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 12th day of February, 2008. AAayor Becky Ames - 2008 HUD CONSOLIDATED GRANT PROGRAM COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) 2008 Preliminary Budget HOUSING Minor Repair $ 50,000 Funds will be used to repair 3 to 4 homes at approx. $15,000 ea,primarily for low to moderate income senior citizens with a disability. Elderly/Disabled Housing Assistance 50,000 Funds will be used to assist in minor sewer repairs,tree and shrub removal and other activities associated with code enforcement for homes owned by primarily low/mod income ekderly/disabled citizens. Lead-Based Paint Testing 25,000 Funds will be used to test the paint and address the lead based paint issues of single family residential and multiple family housing. INFRASTRUCTURE 70,000 Funds will be used for infrastructure improvements in areas where low/mod income citizens reside. CLEARANCE AND DEMOLITION Clearance and Demolition Activities Funds will be used to demolish approx. 100 abandoned, unsafe, unsanitary and uninhabitable 280,000 residential structures in low to moderate income areas a a cost of approximately$3,000 each. PUBLIC FACILITY& IMPROVEMENT 830,000 Section 108 (Debt Service) Hotel Beaumont(Section 108 payment)- rehabilitation Crockett Street(Section 108 payment)- rehabilitation Jefferson Theater(Section 108 payment)-rehabilitation Theodore R.Johns,Jr.Library(Section 108 payment)-new construction L L Melton YMCA(Section 108 payment)-rehabilitation ASSISTANCE TO NONPROFIT ORGANIZATIONS 210,000 Funds will be used for construction,renovation and equipment purchases for various nonprofit organizations. $85,000 of the$210,000 will be used as set-aside for Homeless Providers. CDBG ADMINISTRATION 270,079 Funds will be used for personnel and operating expenses necessary for compliance with the planning,execution,and regulatory requirements of the HUD Consolidated Grant Program. TOTAL CDBG 1,785,079 ESTIMATED PROGRAM INCOME Small Business Loan Fund 100,000 Historic Preservation Loan Fund 30,000 Clearance and Demolition 120,000 TOTAL ESTIMATED PROGRAM INCOME 250,000 EXHIBIT "A" HOME AFFORDABLE HOUSING PROGRAM 549,697 Funds will be used to assist nonprofit and/or for-profit developers with the development and/or rehabilitation of affordable housing that will be sold or leased to low to moderate income families, and with project delivery costs such as downpayment assistance, closing costs and principal mortgage buy downs. Funds will also be used to assist developers with eligible project costs associated with the development and/or rehabilitation of multi-family housing units. CHDO RESERVE 109,940 Funds will be used by Community Housing Development Organizations for the construction of affordable housing for low to moderate income families. Costs include acquisition, site preparation, infrastructure, down payment and closing cost assistance and other eligible costs. HOME ADMINISTRATION 73,293 Funds will be used for personnel and operating expenses necessary for compliance with the planning, execution, and regulatory requirements of the HUD HOME Program TOTAL HOME 732,930 TOTAL 2008 PRELIMINARY BUDGET $ 2,768,009