HomeMy WebLinkAboutPR 19464: AMENDING AUTHORIZING EXECUTION OF A HOMEBUYER WRITTEN AGREEMENT /`f AO
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INTEROFFICE MEMORANDUM
Department of Development Services
Division of Housing and Community Development
Date: January 9, 2017
To: Brian McDougal, City Manager
Mayor and City Council
From: Beverly A. Freeman, Director of Housing &Neighborhood
Revitalization
RE: P.R. 19464- Amending Authorizing Execution of a Homebuyer
Written Agreement
Nature of the request:
I recommend City Council adopt Proposed Resolution 19464 amending Resolution No.
16-248 as it pertains to updating the Homebuyer Written Agreement for the purchase of
1742 9th Street, Port Arthur,Texas 77640. Said authorization expired on November 30,
2016.
Staff Analysis/Considerations:
The City Council by authorization of Resolution Number 16-105 has obligated the City to
provide homebuyers assistance to qualified persons/families of the city. Community
Development Block Grant (CDBG) Program funds and HOME Investment Partnership
(HOME) Program funds are allocated to the City annually to provide Homebuyers
assistance activities in accordance with 24 Code of Federal Regulations Part 570 and
Part 92.
A homebuyer has been identified and certified and is eligible to receive up to$30,000 to
assist with the purchase of a new construction home located at 1742 9th Street in Port
Arthur,Texas. The funds will be used to assist with principal buy down and closing fees
associated with the purchase of a home.
Recommendation:
I recommend the City Council adopt Proposed Resolution 19464 amending Resolution
No. 16-248 as it pertains to updating the Homebuyers Written Agreement for the
purchase of 1742 9th Street, Port Arthur,Texas, in the amount of up $30,000.00. Said
authorization expired on November 30, 2016.
Budget Consideration:
Funding will be provided by the Federal HOME Program, account number 108-2141-
626.54-01, project number HE1504.
"Remember we are here to serve the Citizens of Port Arthur"
P.O. BOX 1089 • PORT ARTHUR,TEXAS 77641-1089 • 409/983-8101 •FAX 409-982-6743
P. R. 19464
1/9/2017--BAF/Housing
RESOLUTION NUMBER
A RESOLUTION AMENDING RESOLUTION NO. 16-248 AS IT PERTAINS TO
UPDATING THE HOMEBUYER'S WRITTEN AGREEMENT FOR THE PURCHASE OF
1742 9T" STREET, PORT ARTHUR, TEXAS THROUGH THE CITY'S HOMEBUYER
ASSISTANCE PROGRAM IN THE AMOUNT OF UP TO $30,000.00
WHEREAS, pursuant to Resolution No. 16-248, the City Council authorized
the execution of a Homebuyer's Written Agreement for the purchase of 1742 9th Street,
Port Arthur, Texas and said authorization has expired on November 30, 2016.
WHEREAS, it has been requested that the City of Port Arthur amend
Resolution No. 16-248 to extend time for execution of the closing documents to May 1,
2017.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PORT ARTHUR:
Section 1. THAT the facts and opinions in the preamble are true and
correct.
Section 2. THAT the City Council hereby authorizes amending Resolution
No. 16-248 to extend the closing documents to May 1, 2017.
Section 3. THAT a copy of the caption of this Resolution be spread upon
the minutes of the City Council.
READ, ADOPTED AND APPROVED this day of
A.D., 2017 at a Regular Meeting of the City Council of the City
of Port Arthur, Texas by the following vote: AYES:
MAYOR
COUNCILMEMBERS
NOES:
MAYOR, DERRICK FORD FREEMAN
ATTEST:
SHERRI BELLARD,
CITY SECRETARY
APPROVED AS TO FORM:
VOCILP (4t- Lekvd-o
VALECIA IZENO,
CITY ATTORNEY
APPROVED FOR ADMINISTRATION:
BRIAN MCDOUGAL,
CITY MANAGER
1 (X
BEVERLY A. ' "EEMAN,
DIRECTOR 0' HOUSING &
NEIGHBORHOOD REVITALIZATION