Title
Resolution approving the Cooperation Agreement by and between the Community Development Authority and the City of West Allis for the administration of Neighborhood Stabilization Program (NSP) funds from the Wisconsin Department of Commerce.
Body
WHEREAS, the City of West Allis and the Community Development Authority of the City of West Allis are desirous of providing affordable housing; and,
WHEREAS through Resolution No. R-2009-0249, the Common Council authorized the City of West Allis to enter into an Intergovernmental Agreement with Milwaukee County, City of Milwaukee and City of Cudahy (“Consortium”) in the creation of a Milwaukee County Regional Consortium, who was awarded $1.4 million in NSP funds from Wisconsin Department of Commerce (“Commerce) in May 2009; and,
WHEREAS, Commerce has awarded the consortium an additional $1,997,556, of which $848,192 has been awarded specifically to the City of West Allis; and,
WHEREAS, the $848,192 award will be used for the acquisition/rehabilitation/demolition/new construction/resale/direct homeownership assistance of five (5) foreclosed-upon single-family homes and the staff time and resources to deliver the projects; and,
WHEREAS, any income from the resale of a property is returned to the NSP program as “program income;” and,
WHEREAS, the Common Council through Resolution Nos. R-2010-0075 and R-2010-0130 had previously authorized the use of NSP funds and authorized the Director of Development or his designee to sign documents and take necessary action to undertake, direct and complete NSP grant activities; and,
WHEREAS, the City of West Allis is required to fund all NSP-related expenses upfront, and will then be reimbursed by Commerce; and,
WHEREAS, the City of West Allis will own the five (5) homes; and,
WHEREAS, the City of West Allis has entered into a contract for demolition and new construction of three (3) single-family homes with Kuhs Quality Homes, Inc. and this contract w...
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