HomeMy WebLinkAbout2002 Resolution No. 091•
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RESOL UT ION NO . q_/_
SERIES OF 20 02
A RE SO LUTION APPROV ING A GRANT OF 5200,000 . TO WESTE RN ARAPA HOE
COUNTY HOMELE SS ALLIANCE (WAC H A) FOR ACQUISITION OF THE BIJ ll ''ING
LOCATE D AT 330 1 S. GRA NT ST!lEET IN THE CITY OF ENG LEW OO D, Cl •Lt . DO .
WHEREAS . Ci ty Cou ncil has supp orted the Western Arap ahoe Co unt y Hom d ,s,
All ian ce's House of Hope Famil y Reso urce Ce nter (WACHA) by passage of Reso lu t,,1 n hi '.
Series of 199 9: and
WHEREAS , Re solution 95 , Series of 2000 , Ci ty Counci l appro ved the use ofCDBG
fund s toward the opc,at io ns o f th e program and the rehab of bui ld ings ; and
WHEREAS. Ci ty Cou ncil app ro ve d th e use of CDBG funds fo r operatio n of the
prog ram and the rehab of the buil di ng by Reso lut io n 79, Series 200 1; and
,;ow , THEREF ORE. BE IT RESOL VED BY THE CIT Y COUNC IL OF THE CITY
OF E~•GL~WOOD , CO LORADO . THAT :
Scc tio a , . The Ci ty of Englewood, Colorado, is hereby auth ori zed to approve a grant
of $200,000 from the Hous in g Rehabi lita ti on Fund to the Western Ar3 pahoe Co unt y
Homeles s Alliance (\VA CHA ) fo r the purpose of acqui si tion of 33 01 S. Grant Street in the
Ci ty of Engh:wuod . C1Jlo rado. wi th t.:c rtam re stri cti ons in th e deed .
Sec tio n 2. The Mayo r •nd Ci ty Cle rk arc aut ho ri ze d 10 sign 3nd atte st all ne cessary
docu me nts fo r thi s grant
ADOPTED A, D APPRO VE D th is 7'' day of October, 2002 .
I. Luuer ishia A. Elli s. City Cle rk fo r tqJ Ci ty of do , here by ce rti fy the
above is :1 trw.: i.:op y uf R1.:solu tio n No .
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COUNCIL COMMUNICATION
Date Agenda Item
October 7, 2002
INITIATED BY:
Com munity D eve lopment D ep t.
11 Ci
STAFF SOURCE:
Subject: A Reso lution approvin g a
Gra nt to th e West ern Arap ahoe
H om eless Alliance (WACH A ) for the
Acquisiti on of 33 01 S. Grant St.
Janet Grimm ett, H ousin g Fin ance Specialist
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
H ousin g an d Commun ity D eve lopm ent
Council h as sup ported th e Wes tern Ara p ahoe Coun ty H om eless Alliance 's H ous e of H o pe Family
Resource Cente r by passa~e of Reso luti on 101 , Seri es of 1999, an d Reso lution 95, Se ri es of 2000,
approvin g th e use of CDB G funds towa rd s th e op erati ons cf th e program and th e rehab of the bu;Jd i ng
and by th e p assage of Resolution 79, Se ries 200 1, approving th e use o f CDBG funds towards th e
operatio ns of th e p rog ram and th e ac qui sition of th e build ing located at 330 1 S. Grant Stre et.
RECOMMENDED ACTION
Staff recomm ends approvi ng a grant o i $200,000 w ith deed res trictions from the H ousing
Reh abili tation Fund (Fun d 72) to th e Wes tern Arapahoe Co unty H ome les s Alliance (W ACHA) fo r the
purchase of 330 1 S. G rant Street.
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
WACH A is und er co ntrac t w ith th e Recove ry Fo undati on to purchase 3301 S. Grant Str ee t for
$400,000. Th e co ntrac t stipul ates that th e cl osi ng w ill b e held n o later than D ece mb er J 1, 2002 .
WACH A has sec ured approval of grant funds fr om th e fo ll owin g:
Arap ahoe Coun ty (CDBG)
City of Eng lewood (C DBG )
Colo. D iv. o f Housing (St H sg fun ds)
To tal
S 75,000 (grant)
$ 25,000 (grant)
$200 000 (grant)
$300,000
Th e ba lance of th e p urc hase price ($100,000) w ill b e borr owed fr om th e Mile H igh Ho usin g Fund .
Th at app licati on is p endin g approva l at th is tim e, but th e staff res pon se w as posi tive.
CDOH does not have th e funds ava il abl e to complete th eir commitment to th is projec t sinc e Govern or
Owens eli minated th e State Housin g Developm en t Grant fun ds to balance th e budge t. CDOH ca nn ot
use th eir CDBG funds sin ce A rapahoe County is an entitl em ent area. ThP fe deral H IJME program is
th eir onl y o th er so urce of funding. It ca nn ot b e use d fo r sh elters , but it can be use d fo r ho using
rehabilitation .
To mak e th is tra nsa cti on occur CDO H requests th at the City of Englewo od help them fulfill their
ori ginal co mmitm en t by acting as a pass through agency fo r th e federal dollars ne ces sary to co mplete
th e property acq ui sition . This will be accomplished by th e Ci ty app lying to CDOH for $200,000 to
fund hous ing rehabilitation fro m the HOME program and then the City providing WACHA with
$200,000 of loca l funds to cover the amount tha t CDOH had co mmitted to th e project.
Th e Housing Rehabilitatio n Fund (F und 72) will be use d to prov ide th e $200,000 grant to WACHA fo r
the ac quisition of 330 1 5. Gra nt Street. Sin ce the transactio n is si mply a pass through, the City will not
ex perienc e any fi scal impact.
FINANCIAL IMPACT
No ne
LIST OF ATTACHMENTS
Proposed Resol ution
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