HomeMy WebLinkAboutIowa Economic Development-5/19/2014Mayor
BUCK
CLARK
CITY OF WATERLOO, IOWA
COMMUNITY DEVELOPMENT
620 Mulberry Street, Carnegie Annex • Waterloo, IA 50703 • (319) 291-4429 Fax (319) 291-4431
CITY OF WATERLOO
Council Communication
City Council Meeting: May 19, 2014
COUNCIL Prepared: May 08, 2014
MEMBERS
DAVID
JONES
Ward 1
CAROLYN
COLE
Ward 2
PATRICK
MORRISSEY
Ward 3
QUENTIN M.
HART
Ward 4
RON
WELPER
Ward 5
TOM
LIND
At -Large
STEVE
SCHMITT
At -Large
Dept. Head Signature: Ly
Rudy D. Jones
Community Development Director
No. of Attachments: 1
SUBJECT: IEDA Contract 08-DRH-011
Contract Amendment No. 17
Submitted by: Nancy Gulick, Community Development Coordinator
Recommended City Council Action:
Authorize Mayor to sign Contract Amendment No. 17 for submission to the Iowa
Economic Development Authority.
Summary Statement:
The Iowa Economic Development Authority will amend Contract No. 08-DRH-011 for the
City of Waterloo to decrease the award amount by $3,029,809.00 to $2,942,363.00 for
Round 4 Single Family New Construction. See Attachment A for budget breakdown.
Expenditure Required: None.
Source of Funds: Iowa Economic Development Authority.
Background Information: As one of eleven CDBG Disaster Recovery Recipients, funds were
targeted and tied to communities that lost single-family housing as a result of the disasters of
2008.
Attachment
J:\ANN-N\YEARDATA\IDED GRANT\NC 08-DRH-011\MC-Contract Amendment 17.docx
Cc: Noel Anderson, CPD Director
EQUAL HOUSING
OPPORTUNITY
CITY WEBSITE: www.cityofwaterlooiowa.com
WE'RE WORKING FOR YOU!
An Equal Opportunity/Affirmative Action Employer
Please return this copy to:
City Clerk & Finance Dept.
715 Mulberry St.
Waterloo, IA 50703
Iowa Economic Development Authority
Community Development Block Grant (CDBG) Program
Disaster Recovery
Contract Amendment
Recipient: City of Waterloo
Contract Number: 08-DRH-011
Contract Amendment Number: 17
Amendment Effective Date: April 28, 2014
The Iowa Economic Development Authority (IEDA) hereby amends the above referenced Community
Development Block Grant (CDBG) Program contract by clawing back unused funds from the SFNC activity
#871 in the amount of $87,446.
The contract by and between the Iowa Economic Development Authority ("Department or IEDA") and City of
Waterloo ("Recipient") is amended as of the date shown above as follows:
AMEND each Article in the Contract that refers to "Attachment A, Program Description and Budget" to
"Attachment A, Program Description and Budget, as amended."
AMEND AWARD AMOUNT from $3,029,809 to $2,942,363 ,
Except as otherwise revised above, the terms, provisions, and conditions of the Contract remain unchanged and
are in full force and effect.
RECIPIENT: 'ty of Waterloo
E G. Clark
Mayor, City o Waterloo
IOWA ECONO 1 • ''\ OP.AUTHORITY
BY:
Timothy R. Wad i , Division Administrator
1N3Vgd013A38
kuNnymoo JO NOISIfIO
4i10Z AVIA
Al OHA(lYiN3I d013A30 0I110N003VMOI
IOWA CDBG DISASTER RECOVERY HOUSING FUND PROGRAM DESCRIPTION & BUDGET
ATTACHMENT A
Name of Recipient: City of Waterloo
Contract Number: 08-DRH-011
DATE: April 28, 2014
pigi
:0004*.igiiMH
•iA:666:00i$61::,1*
CTIVITY;DESORIPTI
PERFORMANDETARGETS:AVIEA6RE
10110.004.OBiECIIVE
ilil!
: :•:•:•: :•:•:•,,,,,,:::•::::
Activity 1: 971 Housing Repair/Rehabilitation
for families <80% LMI
5 UNITS
$60,000 per unit maximum
LMI
$100,648
Activity 2: 972 Housing Repair/Rehabilitation
for families 80 - 100% UN
1 UNIT
$60,000 per unit maximum
UN
$25,952
Activity 3: 981 Homebuyer Assistance
for families <80% LMI
0 UNITS
$60,000 per unit maximum
LMI
$0
Activity 4: 982 Homebuyer Assistance
for families 80 - 100% UN
0 UNIT
$60,000 per unit maximum
UN
$0
Activity 5: 992 Interim Mortgage Assistance
for families 0 - 100% UN
0 UNIT
UN
$0
Activity 6: 975 Jumpstart Express
for families <80% LMI
20 UNITS
LMI
$537,000
Activity 7: 976 Jumpstart Express
for families - 80 - 100% UN
7 UNITS
UN
$150,000
Activity 8: 871 Single Family Unit Production
New Construction <80% LMI
36 UNITS
LMI
$1,695,946
Activity 9: 872 Single Family Unit Production
New Construction - 80 - 100% UN
6 UNITS
UN
$363,148
GENERAL ADMINISTRATION 181
$69,669
TOTAL BUDGET:
$2,942,363
a \BCF\Recipients\Disaster\08DRH \Waterloo - 011\Attachment A\AttachAWaterloo 08-DRH-011Amend17.xlsx
IOWA ECONOMIC DEVELOPMENTAUTHORITY
MAY 2 4 2014
DIVISION OF COMMUNITY
DEVELOPMENT
IOWA ECONOMIC DEVELOPMENT AUTHORITY
200 East Grand Avenue 1 Des Moines, Iowa 50309 USA I Phone: 515.725.3000
iowaeconomicdevelopment.com
June 4, 2014
The Honorable Ernest G. Clark, Mayor
City of Waterloo
City Hall - 715 Mulberry St.
Waterloo, IA 50703
SUBJECT: Contract Number 08-DRH-011, Amendment # 17
Dear Mayor Clark:
IC MA®
economic development
- J.JNti 9 2014
kJUIi 1 Q 2014
The Iowa Economic Development Authority recently amended the CDBG Contract for the City of Waterloo, in
response to your request. Enclosed is your copy of the executed amendment. Changes made by this
amendment are now in effect.
Please file your copy of this amendment with your original contract document so that you will have current
information on the status of your contract. If your amendment includes a budget change be sure that is
reflected on your next "Request for Payment/Activity Status Form." The forms along with the Management
Guide may be found at IEDA's website at
http://iowaeconomicdevelopment.com/CommunityDevelopment/CDBG.
If you have any questions please feel free to contact your Project Manager, Ann Schmid, at (515) 725-3078 or
e-mail at Ann.Schmid@iowa.gov.
Sincerely,
Tim Metz
Contract and Compliance Manager
Enclosure
cc: Rudy D. Jones, City of Waterloo
Nancy Gulick, City of Waterloo
Ann Schmid, IEDA
Governor Terry E. Branstad 1 Lt. Governor Kim Reynolds 1 Director Debi V. Durham