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Home My WebLink AboutResolution - 2002-R0474 - Funding Agreement - US Dept Of Housing And Urban Development - 10_24_2002Resolution No. 2002-RO474 October 24, 2002 Item No. 52 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute for and on behalf of the City of Lubbock, a Funding Agreement for the Section-108 Loan Program, by and between the City of Lubbock and United States Department of Housing and Urban Development. Said Agreement is attached hereto and incorporated in this resolution as if fully set forth herein and shall be included in the minutes of the City Council. Passed by the City Council this 24th day of ATTEST: 4 - ) e-� t�5� �2=, — Re ecca Garza, City Secretary APPROVED AS TO CONTENT: Nancy Comm Manager APPROVED AS TO FORM: Amy Sims, Tk/ccdoc/US Dep. Housing.res October 15, 2002 Attorney October /? , 2002. YOR W -Funding Approval/Agreement Title I of the Housing and Community Development Act (Public Law 930383) U.S. Department of Housing and Urban Development Office of Community Planning and Development Community Development Block Grant Program HI-00515R of 20515R Resolution No. 2002-RO474 1. Name of Grantee (as shown in item 5 of Standard Form 424) 4. Date use of funds may begin CITY OF LUBBOCK, TEXAS (mmlddlyyyy) 2. Grantee's Complete Address (as shown in item 5 of Standard Form 424) 5a. Project/Grant No. 1 6a. Amount Approved 1625 13TR STREET B-01-MC48-0022 LUBBOCK, TEXAS 79409 5b. Project/Grant No. 2 6b. Amount Approved Iota Amount Approved Grant Agreement: This Grant Agreement between the Department of Housing and Urban Development (HUD) and the above named Grantee is made pursuant to the authority of Title I of the Housing and Community Development Act of 1974, as amended, (42 USC 5301 et seq.). The Grantee's submissions for Title I assistance, the HUD regulations at 24 CFR Part 570 (as now in effect and as may be amended from time to time), and this Funding Approval, including any special conditions, constitute part ofthe Agreement. Subject to the provisions ofthis Grant Agreement, HUD will make the funding assistance specified here available to the Grantee upon execution of the Agreement by the parties. The funding assistance specified in the Funding Approval maybe used to pay costs incurred after the date specified in item 4 above provided the activities to which such costs are related are carried out in compliance with all applicable requirements. Pre -agreement costs may not be paid with funding assistance specified here unless they are authorized in HUD regulations or approved by waiver and listed in the special conditions to the Funding Approval. The Grantee agrees to assume all of the responsibilities for environmental review, decision making, and actions, as specified and required in regulations issued by the Secretary pursuant to Section 104(g) of Title I and published in 24 CFR Part 58. The Grantee further acknowledges its responsibility for adherence to the Agreement by snh_recinient entities to which it makes fimdinn assistance hereunder available U.S. Department of Housing and Urban Development (By Name) Grantee Name NELSON R. BREGON CITY OF LUBBOCK, TEXAS Title DEP Y ASSISTANT SECRETARY FOR GRANT PROGRAMS Title MAYOR ature of �I ire (mm/d ) �j LL 002 Sign Date (mm/dd/yyyy) October 24, 21 7. Category of Title I Assistance for this Funding Ac on (check only one) Fla. Entitlement, Sec 106(b) ❑ b. State -Administered, Sec 106(d)(1) ❑ c. HUD -Administered Small Cities, Sec 106(d)(2)(B) ❑ d. Indian CDBG Programs, Sec 106(a)(1) ❑ e. Surplus Urban Renewal Funds, Sec 112(b) ❑ f. Special Purpose Grants, Sec 107 ® g. Loan Guarantee, Sec 108 8. Special Conditions (check one) ❑ None ® Attached a. Date HU five Sub fission (mm/dd/yyyy) 10. check one ❑ a. Orig. Funding Approval ® b. Amendment Amendment Number 1 9b. Date Grantee Notified (mm/dd/yyyy) 9c. Date of Start of Program Year (mm/dd/yyyyr) 11. Amount of Community Development Block Grant FY ( ) FY ( ) FY ( } a. Funds Reserved for this Grantee b. Funds now being Approved c. Reservation to be Cancelled 1la minus 1lb 12a. Amount of Loan Guarantee Commitment now being Approved 12b. Name and complete Address of Public Agency $2,000,000 Loan Guarantee Acceptance Provisions for Designated Agencies: The public agency hereby accepts the Grant Agreement executed by the Department of Housing and Urban Development on the above date with respect to the above grant number(s) as Grantee designated to receive loan guarantee assistance, and agrees to comply with the terms and 12c. Name of Authorized Official for Designated Public Agency conditions of the Agreement, applicable regulations, and other requirements of HUD now or hereafter in effect, pertaining to the assistance provided it. Title Signature HUD Accounting use Only Effective Date Batch TAC Program Y A Reg Area Document No. Project Number Category Amount (mm/dd/yyyy) F FM 176 [U] 0 0 D [11 M71 I I I T-1 ITM Ia Y Project Number Amount Y Project Number Amount 771 F I )02 Attest to: 0Jr%=!-0?±n,,�Rebecca Garza, City Secretary 570 form 8. Special Conditions. (a) In the event the Borrower fails to submit notes or other obligations for inspection and guarantee by the Secretary of the Department of Housing and Urban Development (the Secretary) before July 31, 2003, the offer will expire as of such date. (b) The repayment schedule for the guaranteed loan must be acceptable to the Secretary. (c) The Borrower shall provide additional security for the guaranteed loan and such additional security must be acceptable to the Secretary. The additional security shall be identified in the Contract for Loan Guarantee Assistance specified by 24 CFR §570.705(b)(1) which will be executed at the time the guaranteed obligations are issued. (d) Prior to submitting notes or other obligations for inspection and guarantee by the Secretary, the borrower shall submit information required under Section 102 (b) of the Department of Housing and Urban Development Reform Act of 1989 (42 U.S.C. 3531). Such information shall be submitted to the HUD Texas State Office.