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HomeMy WebLinkAboutIowa Department of Economic Development-1/18/2011RECEIVED JAN.© 6 2010 December 28, 2010 The Honorable Ernest G. Clark, Mayor City of Wateroo City Hall — 715 Mulberry St. Waterloo, IA 50703 SUBJECT: Waterloo 08-DRH-211 Dear Mayor Clark: I am pleased to inform you the Iowa Department of Economic Development (IDED) has awarded Waterloo a Supplemental Community Development Block Grant (CDBG) for disaster recovery in an amount not to exceed $525,000 for construction of thirty-two (32) units for the Benjamin Stroh and Brad Stroh proposal. IDED has received these funds from the United States Department of Housing and Urban Development ("HUD") under the Supplemental Appropriations Act of 2008 (Pub. L. 110-252) and under the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act of 2009 (Pub. L.110-329) under the CDBG Program in order to assist in the recovery from the 2008 floods. Your amended contract with respect to this award (the "Contract') will have a start date of 12/28/2010 pending successful contract negotiation and complete execution. The amended contract between Waterloo and IDED will be following shortly. Upon its receipt, please review the document thoroughly, and sign and return it to IDED. With the amendment's return, we will execute and retum 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. Contract Conditions: No funds can be drawn until funding commitments are received by IDED from all sources used In the construction of this project. IF ANY CONDITIONS CONTAINED IN THIS LETTER ARE NOT SATISFIED IN THE SOLE DISCRETION OF IDED, OR THE CONTRACT IS NOT FULLY EXECUTED BY February 28, 2010, THIS AWARD OF FUNDS SHALL BE RESCINDED, AND NO REIMBURSEMENT IS AVAILABLE FOR ANY COSTS INCURRED BY THE CONTRACT RECIPIENT WITH RESPECT TO THIS AWARD. IDED looks forward to working with Waterloo on its disaster recovery project once all conditions to the award have been met and the contract is fully executed. Sincerely, 91.{ Bret L. Mills Director cc: Rudy D. Jones, City of Waterloo, Community Development Director File Chester J. Culver, Governor IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT Patty Judge, Lieutenant Governor 200 East Grand Avenue, Des Moines, IowaaUSA 50309 Phone: 515.7253000 roc 515.725.3010 www.iowarifechanging.com Please have an authorized representative sign this page and return it to the IDED if you intend to accept this CDBG Supplemental award. 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 IDED with respect to the Award, and the execution of the Contract, and agrees to be bound by all program requirements of the CDBG program, IDED guidelines and the Contract with respect to this Award. Waterloo 08-DRH-2d By: Name: ERNEST G. CLARK Title MAYOR, CITY OF WATERLOO, IOWA -2- 4813-9933-6964\1 12/14/2010 11:31 AM Page 1 of 1 lttp://www2.co.black-hawkia.us/outpuUblunap_bhcrew349266865982.jpg 1/10/2011