HomeMy WebLinkAboutIowa Department of Economic Development-6/6/2011 (4)May 18,2011
The Honorable Emest G. Clark, Mayor
City of Waterloo
City Hall - 715 Mulberry St.
Waterloo, IA 50703
SUBJECT: Contract Number 08-DRH-011, Amendment # 8
Dear Mayor Clark:
FIL COP:'
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
document carefully, then sign and return the original document to my attention. When the
amendment is returned, I will secure the IDED signature and return 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,
Tim Metz
Contract and Compliance, Manager
Enclosure
cc: Rudy D. Jones, City of Waterloo
Nancy Gulick, City of Waterloo
Julie Lunn, IDED
Terry E. Branstad, Govemor
IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT IGm Reynolds, Lieutenant Governor
Debi V. Durham, Director 0 200 East Grand Avenue, Das Moines, Iowa USA 50309 0 Phone: 515.725.3000 0 Fax: 515.725.3010 0 www.iowalifechanging.com
Iowa Department of Economic Development
Community Development Block Grant (CDBG) Program
Contract Amendment
Recipient: City of Waterloo
Contract Number: 08-DRH-011
Contract Amendment Number: Eight (8)
Amendment Effective Date: April 12, 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 $3,224,208 to $2,331,063.
Except as otherwise revised above, the terms, provisions, and conditions of the Contract remain unchanged and are in
full force and effect.
RECIPIENT. ity of Waterloo
BY:
Mayor, City of Waterloo
IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT
BY:
Timothy R. Waddell, Division Administrator
IOWA CDBG DISASTER RECOVERY HOUSING FUND PROGRAM DESCRIPTION & BUDGET
ATTACHMENT A
DATE: April 12, 2011
Name of Recipient: City of Waterloo
::::::::::::•:••i:.• : ::.:::-:-:•::::.
"10 00 ti
::i:i:ii:::::•
Pti0Jr0l:.-:
-..
-
... . .... .
i4606i• iii Iii.i0
Contract Number: 08-DRH-011
O.i.lkilis
ACTIVITY 0000i0ii'igiiiiiii!i*!
. ii;;ii;:i:iM&::i.... "•••::',i,;ii;i
0604Ak46iiiiiii6iiiiiii4iiiii
:iHiWMi;iMiNiiiiHiili
inNq...P.„4...; ...:iiiiViiiiili*i"""""""""" •
BLJDGET
;:;:.:.:.:444!::::.:... ..''.-i!iii:li:i:i:::it:
Activity 1: 971 Housing Repair/Rehabilitation
for families <80% LMI
$60,000 per unit maximum
4 UNITS
LMI $200,000
Activity 2: 972 Housing Repair/Rehabilitation
for families 80 - 100% LMI
$60,000 per unit maximum
1 UNIT
UN $55,000
Activity 3: 981 Homebuyer Assistance
for families <80% LMI
$60,000 per unit maximum
3 UNITS
LMI $60,000
Activity 4: 982 Homebuyer Assistance
for families 80 - 100% LMI
$60,000 per unit maximum
1 UNIT
UN $25,000
Activity 5: 992 Interim Mortgage Assistance
for families 0 - 100% LMI,
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% LMI
7 UNITS
UN $150,000
Activity 8: 871 Single Family Unit Production
New Construction - 80 - 100% LMI
15 UNITS
LIM! $756,000
Activity 9: 872 Single Family Unit Production
New Construction - Below 100% LMI
7 UNITS
UN $500,000
GENERAL ADMINISTRATION 181 $48,063
TOTAL BUDGET: $2,331,063
1\10WADSMFP30\IDED-Projects$ \ BCRRecipients\Disaster\08DRH \Waterloo - 011 \AttachAWaterloo 08-DRH-011Amend8