HomeMy WebLinkAboutIowa Economic Development-5/7/2012IOWA ECONOMIC DEVELOPMENT AUTHORITY
200 East Grand Avenue 1 Des Moines, Iowa 50309 USA I Phone: 515.725.3000
iowaeconomicdevelopment.com
April 19, 2012
The Honorable Ernest G. Clark, Mayor
City of Waterloo
City Hall - 715 Mulberry St.
Waterloo, IA 50703
RECEIVED APR 24 2012
APR 252012
IJWA
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SUBJECT: City of Waterloo 08-DRH-011 - Single Family New Production - Round 4
Dear Mayor Clark:
I am pleased to inform you that the Iowa Economic Development Authority (IEDA) will amend the
City of Waterloo 08-DRH-011 contract by adding a Supplemental Community Development Block
Grant (CDBG) award in an amount not to exceed $1,058,621 for the project total plus General Admin
amount not to exceed $21,606 for Single Family new Production. Specifically, this amendment will
award:
Three proposals for new construction of 20 houses
IEDA has received these funds from the United States Department of Housing and Urban
Development ("HUD") under the Supplem4ntal Appropriations Act of 2008 (Pub. L 110-252) and
under the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act of 2009
(Pub. L110-329) under the CDBG Program in order to assist in the recovery from the 2008 floods.
Your amendment of 08-DRH-011 will have an effective date of the date of this letter, pending
successful contract negotiation and complete execution. The Amendment between City of Waterloo
and IEDA will be following shortly. Upon its receipt, please review the document thoroughly, and
sign and return it to IEDA. With the Amendment's return we will execute and return a copy for your
files.
No HUD funds or non -HUD funds may be committed to the project until the applicant has
secured environmental approval from the State, as provided in HUD regulation 24 CFR Part 58.
In addition, pending environmental approval and pursuant to 24 CFR Part 58.22(a), no grant
recipient or participant in the development process, including contractors or sub -contractors,
may undertake an activity that may limit the choice of reasonable alternatives. Such choice
limiting actions include real property acquisition, leasing, rehabilitation, repair, demolition,
conversion, and new construction. However, you may incur costs for general administration and for
the environmental review process.
IF ANY CONDITIONS CONTAINED IN THIS LETTER ARE NOT SATISFIED IN THE SOLE
DISCRETION OF IEDA, OR THE AMENDMENT IS NOT FULLY EXECUTED WITHIN 60 DAYS, THIS
AWARD OF FUNDS SHALL BE RESCINDED, AND NO REIMBURSEMENT IS AVAILABLE FOR ANY
COSTS INCURRED BY THE CONTRACT RECIPIENT WITH RESPECT TO THIS AWARD.
If you have any questions please call your project manager Julie Lunn at 515-725-3082 or e-mail
julie.lunn@iowa.gov.
Sincerely,
e• orate V. Durham
Director
Enclosure
cc: Rudy D. Jones, City of Waterloo
File
Govemor Terry E. Branstad I Lt. Govemor Kim Reynolds 1 Director Debi V. Durham
Please have an authorized representative sign this page and return it to the IEDA if you intend to
accept this CDBG Supplemental award.
City of Waterloo, acting by and through its duly authorized officers, hereby accepts the award
described in this letter (Award), acknowledges that receipt of this Award is contingent upon the
satisfaction of all conditions of the Program, the receipt of funds by IEDA with respect to the Award,
and the execution of the Contract, and agrees to be bound by all program requirements of the CDBG
program, IEDA guidelines and the Contract with respect to this Award.
City of Waterloo
08-DRH-011
Project ger: Julie L
By:
Name: Ernest G. Clark
Title Mayor, City of Waterloo, Iowa
5h 19-6e-
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