HomeMy WebLinkAboutIowa Economic Development-5/29/2012 (2)IOWA ECONOMIC DEVELOPMENT AUTHORITY
200 East Grand Avenue 1 Des Moines, Iowa 50309 USA 1 Phone: 515.725.3000
iowaeconomicdevelopment.com
May 16, 2012
The Honorable Ernest G. Clark, Mayor
City of Waterloo
City Hall - 715 Mulberry St.
Waterloo, IA 50703
SUBJECT: Contract Number 08-DRH-211, Amendment # 11
Dear Mayor Clark
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MAY 21 2012
The Iowa Economic Development Authority recently amended the CDBG Housing contract for the City of
Waterloo. Enclosed is the original document for this amendment. Review the document carefully, then sign
and return the original document to my attention. When the amendment is returned, I will secure the IEDA
signature and return a copy for your files. Failure to return the original document will result in unnecessary
delays in your ability to request funds.
If you have any questions please feel free to contact your Project Manager, Julie Lunn, at (515) 725-3082 or e-
mail at Julie.Lunn@iowa.gov.
Sincerely,
Tim Metz
Contract and Compliance Manager
Enclosure
cc: Rudy D. Jones, City of Waterloo
Julie Lunn, IEDA
Governor Terry E. Branstad 1 Lt. Govemor Kim Reynolds 1 Director Debi V. Durham
Iowa Economic Development Authority
Community Development Block Grant (CDBG) Program
Contract Amendment
Recipient: City of Waterloo
Contract Number: 08-DRH-211
Contract Amendment Number: Eleven (11)
Amendment Effective Date: April 12, 2012
The Iowa Economic Development Authority (IEDA) hereby amends the above referenced Community
Development Block Grant (CDBG) Program contract by removing Activity 875 Multi -family New Production •
from the Budget.
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 $2,640,662 to $2,115,662.
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
BY' * f r 4/
Mayor, City of Waterloo
IOWA ECONOMIC DEVELOPMENT AUTHORITY
BY:
Timothy R. Waddell, Division Administrator
IOWA CDBG DISASTER RECOVERY HOUSING FUND PROGRAM DESCRIPTION & BUDGET
ATTACHMENT A
DATE: April 12, 2012
Name of Recipient: City of Waterloo
Contract Number: 08-DRH-211.
To be filled in by IDED
Original
Amendment # 11
Proj Mgr Sign jml
ACTIVITY DESCRIPTION
PERFORMANCE TARGETS/MEASURE
NATIONAL
OBJECTIVE
BUDGET
Activity 1: 731 Rental Rehabilitation (Small, under 8 Units)
7 UNITS
LMI
$175,000
Activity 2: 871 Single Family New Production
Round 2
for families <80% LMI
10 UNITS
LMI
•
$515,415
Activity 3: 872 Single Family New Production
Round 2
for families 80% - 100% UN
10 UNITS
UN
$515,300
Activity 4: 871 Single Family New Production
Round 3
for families <80% LMI
9 UNITS
LMI
$453,415
Activity 5: 872 Single Family New Production
Round 3
for families 80% - 100% UN
8 UNITS
UN
$402,085
Activity 6: 875 Multi -family New Production
0 UNITS
LMI
$0
GENERAL ADMINISTRATION 181
$54,447
TOTAL BUDGET:
$2,115,662
G:\BCF\Recipients\Disaster\08DRH\Waterloo - 211\Attachment A\AttachAAmendl1.xlsx