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HomeMy WebLinkAboutIowa Department of Economic Development-6/6/2011 (3)IOWA Ve changing. May 18, 2011 The Honorable Ernest G. Clark, Mayor City of Waterloo City Hall - 715 Mulberry St. Waterloo, IA 50703 SUBJECT: Contract Number 08-DRH-211, Amendment Cle Dear Mayor Clark: The Iowa Department of Economic Development recently amended the CDBG Housing contract for the City of Waterloo. Enclosed is the original document for this amendment. Review the documentcarefully, then sign and return the original document to my attention. When the amendment is returned, I will secure the IDED signature and retum a copy for your files. Failure to retum the original document will result in unnecessary delays in your ability to request funds. 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." If you have any questions please feel free to call your Project Manager, Julie Lunn, at (515) 725- 3082. Sincerely, Tirn Matz Contract and Compliance Manager Enclosure cc: Rudy D. Jones, City of Waterloo Julie Lunn, IDED Terry E. Branstad, Governor IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT Kim Reynolds, Lieutenant Governor Debi V. Durham, Director o 200 East Grand Avenue, Des Moines, Iowa USA 50309 ® Phone: 515.725.3000 0 Fax 515.725.3010 0 www.iowalifecbanging.com Iowa Department of Economic Development Community Development Block Grant (CDBG) Program Contract Amendment Recipient: City of Waterloo Contract Number: 08-DRH-211 Contract Amendment Number: Six (6) Amendment Effective Date: April 11, 2011 The Iowa Department of Economic Development (IDED) hereby amends the above referenced Community Development Block Grant (CDBG) Program contract by reallocating the budget. The contract by and between the Iowa Department of Economic Development ("Department or IDED") 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 $3,492,642 to $2,640,662. Except as otherwise revised above, the terms, provisions, and conditions of the Contract remain unchanged and are in full force and effect. RECIPIENT: 2ty of Waterloo Yed) Mayor, City of Waterloo BY: IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT BY: Timothy R. Waddell, Division Administrator IOWA CDBG DISASTER RECOVERY HOUSING FUND PROGRAM DESCRIPTION & BUDGET ATTACHMENT A Name of Recipient: City of Waterloo Contract Number: 08-DRH-211 f RrORMAtNC 7ARGT0:00E DATE: April 11, 2011 Activity 1: 731 Rental Rehabilitation (Samll, 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: 871 Single Family New Production Round 2 for families 80% - 100% LMI 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: 871 Single Family New Production Round 3 for families 80% - 100% LMI 8 UNITS UN $402,085 Activity 6: 875 Multi -family New Production 17 UNITS LMI $525,000 GENERAL ADMINISTRATION 181 $54,447 TOTAL BUDGET: $2,640,662 \\IOWADSMFP30\IDED-Projects$\BCF\Recipients\Disaster\08DRH\Waterloo - 211\AttachAAmendFive