HomeMy WebLinkAboutPR 21822: AMENDING EXECUTION OF A HOMEBUYER WTITTEN AGREEMENT 11
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INTEROFFICE MEMORANDUM
Department of Development Services
Division of Housing and Neighborhood Revitalization
Date: February 22, 2021
To: City Manager
Mayor and City Council
From: Beverly A. Freeman, Manager of Housing &Neighborhood
Revitalization
RE: P.R. 21822—Amending Execution of a Homebuyer Written Agreement
Nature of the request:
The Housing Division recommend the City Council adopt Proposed Resolution 21822 to extend the
time of previous Resolution Number 21-001, authorizing the execution of a Homebuyer Written
Agreement for the purchase of 1021 Reverend Dr. Ransom Howard Street,Port Arthur,Texas 77640.
Previous Resolution Number 20-001 expire March 5, 2021 and will be extended to July 5, 2021.
Staff Analysis/Considerations:
The City Council by authorization of Resolution Number 20-108 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 1021 Reverend Dr. Ransom Howard Street, 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:
The Housing Division recommends the City Council adopt Proposed Resolution 21822 to extend the
time of closing date previously approved per Resolution Number 20-001. The previous closing date
expire on March 5, 2021 and will be extended to July 5, 2021.
Budget Consideration
Funding will be provided by the Federal CDBG Program, account number 105-1431-552.54-01,
project number C46146.
P. R. 21822
2/22/2021--BAF/Housing
RESOLUTION NUMBER
A RESOLUTION AMENDING RESOLUTION NO. 21-001 AS IT PERTAINS TO THE
HOMEBUYER'S WRITTEN AGREEMENT FOR THE PURCHASE OF 1021 REVEREND
DR. RANSOM HOWARD STREET, PORT ARTHUR, TEXAS BY EXTENDING THE
DEADLINE FROM MARCH 5, 2021 TO JULY 5, 2021
WHEREAS, pursuant to Resolution No. 21-001, the City Council authorized
the execution of a Homebuyer's Written Agreement for the purchase of 1021 Reverend Dr.
Ransom Howard Street, Port Arthur, Texas and said authorization expires on March 5, 2021;
and
WHEREAS, it has been requested that the City Council amend Resolution No.
21-001 to extend time for execution of the closing documents to July 5, 2021.
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 amends Resolution No. 21-001 to
extend the closing documents to July 5, 2021.
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., 2021 at a Regular Meeting of the City Council of the City
of Port Arthur, Texas by the following vote: AYES:
MAYOR
COUNCILMEMBERS
NOES:
MAYOR, THURMAN BARTIE
ATTEST:
SHERRI BELLARD,
CITY SECRETARY
APP OVED AS TO FORM:
7VALECIA ENO
CITY ATTO NEY
APPROVED FOR ADMINISTRATION:
RON BURTON,
CITY MANAGER
BEVERLY A. FREEMAN,
MANAGER OF HOUSING &
NEIGHBORHOOD REVITALIZATION
APPROVED AS TO AVAILABILITY OF FUNDS:
KANDY DANIE'L,
INTERIM DIRECTOR OF FINANCE