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HomeMy WebLinkAboutPR 17803: RESCINDING RES 13-237 AUTHORIZING A HOMEBUYER'S WRITTEN AGREEMENT FOR PURCHASE OF 2348 5TH STREET INTEROFFICE MEMORANDUM HOUSING AND NEIGHBORHOOD REVITALIZATION To: Floyd T. Johnson, City Manager From: Beverly A. Freeman, Acting Director of Housing and Neighborhood Revitalization Date: July 23, 2013 Re: P.R. 17803 RECOMMENDATION: It is recommended that City Council adopt P.R. No. 17803 rescinding Resolution No. 13 -237 in its entirety. BACKGROUND: The Housing Division identified and certified the homebuyer as eligible to receive up to $30,000 to assist with the purchase of a new construction home located at 2348 5 Street, Port Arthur, Texas. The funds were to be used to assist with down payment assistance and closing fees associated with the purchase of the home. Resolution No. 13 -237 authorized the execution of a homebuyer's written agreement to receive up to $30,000 for the purchase of a newly constructed home located at 2348 5 Street, Port Arthur, Texas, through the City's Homebuyers Assistance Program. The Texas Department of Housing and Community Affairs determined that since the homebuyer received the up to $30,000 down payment assistance from the Neighborhood and Stabilization Program they did not need the additional down payment assistance of up to $30,000 from the City's Homebuyers Assistance Program. BUDGETARY /FISCAL EFFECT: N/A STAFFING /EMPLOYEE EFFECT: Housing Department staff will be responsible for program administration. SUMMARY: It is recommended that City Council adopt P.R. No. 17803 rescinding Resolution No. 13 -237 in its entirety. PR 17803 P. R. 17803 07/23/13 BAF /KR RESOLUTION NUMBER A RESOLUTION RESCINDING RESOLUTION NO. 13 -237 IN ITS ENTIRETY, WHICH AUTHORIZED THE EXECUTION OF A HOMEBUYER'S WRITTEN AGREEMENT FOR THE PURCHASE OF 2348 5 TH STREET, PORT ARTHUR, TEXAS THROUGH THE CITY'S HOMEBUYER'S ASSISTANCE PROGRAM. WHEREAS, the City Council, by its adoption of Resolution Number 12- 160, authorizing submission of the 2012 Action Plan, has obligated itself to provide assistance to low and moderate income persons /families; and WHEREAS, a homebuyer was identified and certified to receive up to $30,000 down payment assistance and closing fees associated with the purchase of a home located at 2348 5 th Street, Port Arthur, Texas, from the City's Homebuyer's Assistance Program; and WHEREAS, the Texas Department of Housing and Community Affairs determined that since the homebuyer, Sadie Bazile, received up to $30,000 from the Neighborhood and Stabilization Program Grant, she did not need to receive the additional down payment assistance from the City's Homebuyer's Assistance Program; and WHEREAS, the City Council deem it is appropriate to rescind Resolution No. 13- 237 in its entirety. 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, Resolution No. 13 -237 is hereby rescinded in its entirety. Section 3. THAT, a copy of the caption of this Resolution be spread upon the minutes of the City Council. PR 17803 READ, ADOPTED AND APPROVED this day of , A.D., 2013 at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: AYES: MAYOR: COUNCILMEMBERS: NOES: MAYOR ATTEST: SHERRI BELLARD, CITY SECRETARY APPROVED FOR FORM: v2 A/v VAL TIZE 0, ITY ATTORNEY APPROVED FOR ADMINISTRATION: FLOYD T. JOHNSON, CITY MANAGER // BEVERLY FREE .; , ACTING DIRECTOR FOR HOUSING & NEIGHBORHOI REVITALIZATION PR 17803