HomeMy WebLinkAbout027319 RES - 06/26/2007Page 1 of 3
RESOLUTION
AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO
EXECUTE A LETTER OF COMMITMENT TO PROVIDE FUNDING
THROUGH THE CORPUS CHRISTI BUSINESS AND JOB
DEVELOPMENT CORPORATION IN THE AMOUNT OF $135,000
RELATED TO THE WORKSOURCE OF THE COASTAL BEND
GRANT APPLICATION FOR THE YOUTHBUILD PROGRAM TO
PROVIDE AFFORDABLE HOUSING.
WHEREAS, WorkSource of the Coastal Bend ("WorkSource") intends to submit
a grant application for funding of a program to provide job -skills training to youth
In the Corpus Christi area and to provide affordable housing, as that term is
described in 42 USC Sec 12745
1/M-IEREAS, WorkSource has requested that the Corpus Christi Business and
Job Development Corporation commit to provide funding, contingent upon the
grant being awarded to WorkSource, in the amount of $80,000 for affordable
housing rehabilitation assistance and $55,000 for enhanced loan buy -down for
new construction affordable housing to be used in the YouthBuild program
proposed by WorkSource. Such funding will assist in the rehabilitation of eight
(8) homes and the construction of ten (10) new affordable homes;
WHEREAS, the Corpus Christi Business and Job Development Corporation
Board of Directors has approved the issuance of a letter of commitment in
support of the YouthBuild grant application;
M-IEREAS, such funding will be made available on a "draw -down" basis upon
compliance with the terms of a grant agreement relating to the YouthBuild
program. This activity and the amount of funding committed are reflected in the
Work Site Description and the Technical Proposal as well as the Total YouthBuild
Grant Budget: and
1/I6-IEREAS, the City Council has determined that approval of a letter of
commitment is in the interest of the citizens of the City of Corpus Christi.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS:
That the City Manager, or his designee, is authorized to execute a letter of
commitment to provide funding through the Corpus Christi Business and Job
Development Corporation In the amount of $80,000 for affordable housing
rehabilitation assistance and $55,000 for enhanced loan buy -down for new
construction affordable housing to be used in the YouthBuild program proposed
by WorkSource. The letter Df commitment shall in be in the form and content as
set forth in Exhibit "A "
027319
HALEG-DIR\Shared\GaryS`:agenda\2007\6-26\Res-YouthBuild.doc
ATTEST:
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CITY OF CORPUS CHRISTI
Arlando Chapa
I-qenry G rrett
City Secretai), Mayor
APPROVED AS TO FORM June 19, 2007
aattryik
ry Smith
Assistant City Attorney
For the City Attorney
HALEG-DIR\SharechGaryS\agenda12007\6-26\Res-YouthBuild.doc
Page 3 of 3
Corpus Christi, Texas
�� of uii
2007
The above resolution was passed by the following vote:
Henry Garrett
Melody Cooper
Larry Elizondo, Sr
Mike Hummel)
Bill Kelly
Priscilla G. Leal
John E. Marez
Nelda Martinez
Michael McCutchon
)27319
H:\L F G-DIR\Shared\GaryS\agenda\2QQ716-26\Res-YouthBuild.doc
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Ms Mary Ann R ;as. Pres dent
WorkSource of the Coastal Ber.d
400 Mann St., Ste 1000
Corpus Christi T"< 7840
Subject: Commitment of iiousing Resources to Support YouthBuild Program
Dear Ms Rojas.
This is to advise you that the City Council of the City of Corpus Christi is committed
to provide funding in the amount of $80,000 for affordable housing rehabilitation
assistance and $55,000 for enhanced loan buy -down for new construction affordable
housing to be used in the `-'outhBuild program proposed by WorkSource of the
C"oastal Bend. Affordable housing is defined in 42 USC Sec. 12745 for the purposes
of this commitment letter This funding will assist in the rehabilitation of eight (8)
homes and the construction: of ten (10) new affordable homes.
The authority by which this commitment is made is by Resolution of the
C orpus Christi City Council adopted on June 26, 2007. This contribution is
contingent upon 'VorkSource of the Coastal Bend being awarded and receiving 2007
YouthBuild grant funds. *The Corpus Christi City Council is willing to sign a legally
binding commitment to provide the funding through the Corpus Christi Business and
Job Development Corporation upon award of a grant to provide such funding on a
"draw -down" basis upon compliance with the terms of a grant agreement relating to
the YouthBuild program This activity and the amount of funding committed are
reflected in the \y ork Site Description and the Technical Proposal as well as the Total
YouthBuild Gram Budget
As City Manager of the Cty of Corpus Christi, I am authorized to submit this letter.
This commitment shall remain in effect through the term of the YouthBuild Grant
being requested, subject ti, receipt of sales tax revenue by the Corpus Christi Business
and Job Development Corporation and compliance with the terms of the grant
agreement related to the \ uuthBuild program.
Sincerely ,
George K. Noe
City Manager