HomeMy WebLinkAbout1981-279-06.01.1981 RESOLUTION NO. / 9d'/- 7 e?
RESOLUTION BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, AS THE WATERLOO HOUSING AUTHORITY, ADOPTING
REVISION NO. TWO (2) OF THE FISCAL YEAR ENDING JUNE 30,
1981 OPERATING BUDGET FOR RIDGEWAY TOWERS, IA-50-3.
WHEREAS, the project operating budget must be submitted to the
U. S. Department of Housing and Urban Development in order to be
eligible for performance funding operating subsidy,
NOW THEREFORE BE IT RESOLVED by the City Council of the City of
Waterloo, Iowa that:
1. The proposed expenditures are necessary in the efficient
and economical operation of the Waterloo Housing Authority
for the purpose of service to low-income families in the
City of Waterloo, Iowa.
2. The financial plan is reasonable in that:
(i). It indicates a source of funding adequate to cover
all proposed expenditures.
(ii). It does not provide for use of Federal funding in
excess of that payable under the provisions of
those regulations.
3. All proposed rental charges and expenditures will be con-
sistent with provisions of federal law and the Annual
Contributions Contract.
Pursuant to the rent schedule approved by the U. S. Department
of Housing and Urban Development, the Waterloo Housing Authority
certifies that it is in compliance with the provisions of Section
860.407, Subpart D of Title XXIV of the Code of Federal Regulations,
in that the aggregate annual gross rent of families residing in the
dwelling units for the fiscal year beginning July 1, 1980 will not
be less than an amount equal to one-fifth (1/5th) of the sum of the
"Family Income," as defined in 24 CFR 860.403(f), of all such families,
as evidenced by the following estimates for the fiscal year:
1. Aggregate Annual "Family Income" $ 221,780
2. Total Annual Gross Rent 45,780
3. Annual Rent-Income Ratio:
Line 2 divided by Line 1 21%
In addition, pursuant to 24 CFR 890.115, the Waterloo Housing
Authority is in compliance with Section 207(A) of the Annual
Contributions Contract, which states in part, that the PHA is
reexamining the incomes of families living in the project at least
once a year, except that families whose heads or whose sole members
that are sixty-two (62) years of age or over are reexamined once
every two (2) years.
CERTIFICATE
I, Gene 0. Colburn, the duly appointed Executive Director of the
Waterloo Housing Authority of Waterloo, Iowa, do hereby certify that
the above- Resolution is a true copy of the Resolution passed by the
Waterloo Housing Authority of Waterloo, Iowa at a regular meeting
held on the 26th day of May, 1981.
In witness whereof I have hereunto set my hand this 26th day of May, 1981.
Gene 0. Colburn
I certify this is a true and correct statement.
RESOLUTION NO. /1/4e7/- a,7
(CONTINUED)
Passed and adopted this 26th day of May, 1981,
approved by the Mayor this 26th day of May, 1981.
`Leo P. Rooff, Mayor
ATTEST:
Lar Bu r, City C k
CERTIFICATE
I, Larry Burger, City Clerk of the City of Waterloo, Iowa, do hereby
certify that attached hereto is a true and complete copy of
Resolution No. is c-1-2--7 5 as passed and adopted by the Council
of the City of Waterloo, Iowa, on the 26th day of May, 1981.
Witness My Hand and Seal of Office this 26th day of_ May, 1981.
/-)/
SEAL Cit C1er
(1T."r171"r '1 T : 7 "N". 7 ; or f- • r• '
1 (.71:`,F,T TTC'r,!.• 1.2;Tr
OE.T.T7Y T.'.:12,T ail piicb f the
those relat'r..7.,
have been compliec: the that fc,r Parrirl:t
Df Ferfc:r7zJice ' ';" - n
- —• • -J
and t e. best of 2 ard rre ,
. .
A,17.er.0.7)
(Da tf.D)7.
ALT17-..07-..1.ZTI3'.. OF FTJT...T ._.:Cr .70 lin
The Public Hcusin ethe
operati_rz .7.-nr.rp.vec.1 fcr the
rez.son
71, ,•r-.7 n 1:77
AMZ1Unt to be Deduct6 :
5
•
Date) tu r ar.,.1
•
TE 72: C.: .7
3 HUD FL D _______ _
1
Approved by Field Office sui•ject•
P...mclint of L •: by • „•11
Office and Ar...rrved icr ?ayrnent:
- , •
r:•., Office Of f i
FrEtn OFFICE EL:77.T.`..1
1 . . .
77'7 TC):7. OF-1-77n7.' ,
' •
_ _
1. ♦ r ,
U-52564 Form Approved
nary 1972 i'cgc� I of i
OMEi No. 63--RO808
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TYPE OF HUD-ASSISTED PROJECT-S):
LOW-RENT HOUSING PROGRAM LHA-Owned Rental Housing
OPERATING BUDGET LHA-Leased Houomeowsing-Snersection 23 or 10(c)
June 30, 81 LHA--Owned-Hhip
For Fiscal Year Ending 19
' LHA-Leased-Homeownership i
r -_i ORIGINAL iX'X REVISION NO.
Two (2) LHA-Conveyed Project-Administration Contract. I
AME OF LOCAL AUTHORITY CONTRACT N0.15 _ --
KC-3047 "-'"---
Waterloo HousingAuthority __
--- - -
PROJECT
JCALITY: ----- - "`-_--.--- IA-50-3
Waterloo, Iowa NO. OF D.U. NO. OF UNIT MONTHS OF
50 AVAILABILITY: •
600
UD AREA OFFICE: HUD REGIONAL OFFIC{'; T----� - ---- '�-- '-------_- �.__.
ACTUALsIEErIMATr REQUESTED BUDGET ESTIMATES
R
)es Moines, Iowa Knasas City, Mu. FISCAL ACLA �JAL --"-- -
YEAR CURRENT LHA ESTIMATES THUD MODIFICATIONS
BUDGET r----- ....._.-._-YEAR '
AMOUNT AMOUN•rr
c,t 9 79 19 80
-_PUM PUM PUM (T).Veui-sr$h.) PUM (To Neer sr,, ,
.INE NO. !II (2) i3? i4) SS) 16)
Homebuyers Monthly Payments For: -
11 Operating Expenses
J2 Earned Home Payments Account
33 Nonroutine Maintenance Reserve --}--
)4 Total Break-Even Amount of Lines urn, Out, & 00� I - -
)S Excess ( or Deficit) in Break-Even Amount
36 Homebuyers Monthly Payments (Contra)
OPERATING RECEIPTS: i
10 Dwelling Rentals - --- 75.91 75.001 76.22 45,730
20 z Excess Utilities t 3 58-~ 2.1 4.50 2, -0-0
30 1- a.. Nondwelling Rentals
40 u w Total Rental Income 79.4-9 77.51' 80.72 48 436
50 0 Interest on General Fund Investments 1 30 2 O1, 1.18 710
50 Other Operating Receipts 97 6 114 .80 8,880
I
)0 TOTALD CON
OPERATING RECEIPTS EXCLUDING HUD 81 76'-80 1 96.70 58,020-
OPERATING EXPENDITURES: - - - ! - - _ ------
ADMINISTRATION;
10 Salaries 8.00 9.51 11.42 6,850
20 Administration Expenses Other Than Salaries 3.26 4.01 7.23 4,340
90 Total Administration Expenses 11.25 13.51 18 651 11,190 -
TENANT SERVICES: I
i0 Salaries _ _ _ /._ - ----
20 Recreation, Publications and Other Services .00 .8 .83 500
30 Contract Costs - Training and Other .00 .8 .83 500
)0 Total Tenant Services Expenses -- .00 1.6. 1.66 1,000
UTILITIES:
10 inabor
-
Labor
20 ww Utilities 44.24 48.2 46.55 27 930
90 h_ Total Utilities Expenses 44.24 48,2 46.55 27 930 __ _ __
Z w ORDINARY MAINTENANCE AND OPERATION:
10 a Z Labor --- - 1 .07 _ 11..31 7_�93 _ 4,760 - . _
20 x t_. Materials
- - _-- - --- - _ ._ _6. 5.6 7.67 4,600-
30 D Contract Costs 95- 5 6 7 .. __�+. 700
50 i O Total Ordinary Maintenance and Operation Expenses _21 .18 • .1,3..4314.,Q60 - -- -'__.
Q PROTECTIVE SERVICES:
50 w Labor
10 0 Materials
30 Contract Costs
)0 Total Protective Services Expenses
GENERAL EXPENSES. -�'- -
10 Insurance
- -67 -2.6 - - •
040
20 Payments in Lieu of Taxes 1.53 -2.85 I 12.80 7,680
.30 Terminal Leave Payments
40 Employee Benefit Contributions 2 79 3:1
50 Collection Losses
60 Other General Expenses
90 Total General Expenses 6 32- 8.6 16,D4 9,,630 _
`00 TOTAL ROUTINE EXPENSES - - 83- 18 94.7 1 - -'
06t33i 63,810
.10 'RENTS TO OWNERS OF LEASED DWELLINGS
90 TOTAL OPERATING EXPENSES 83 18 94.7 -.- ' -"
NONROUTINE EXPENDITURES: _.00 CZ •
w
10 z Extraordinary Maintenance - _2.(22 1,570 �
'20 ; Replacement of Equipment
30 Betterments and Additions -f-`�- -
'40 OZ Other Nonroutine Expenditures
•90 Z TOTAL NONROUTINE EXPENDITURES I .00- 4.2
HUD-52564
i.
- -
,
D-52564
wary 1972 Page 7 .:I 2
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT "'ntF, OF LOCAL nurrrol1Ir r:
LOW-RENT HOUSING PROGRAM Waterloo Housing Authority
OPERATING BUDGET
LUCALrT Y:
For Fiscal Year Ending June 30, 1981 Waterloo, Iowa
(. ORIGINAL Lx REVISION NO. Two (2)
)NTRACT NO.(S):
K.C-3047 ACTUALSESTIMATES LAST OR REQUESTED BUDGET ESTIMATES
.___.__
+OJECT NO.(S): FISCAL ACTUALS
IA-50-3 YEAR CURRENT LHA ESTIMATES HUD MODIFICATIONS
(PE OF HUD-ASSISTED PROJECT(S):
BUDGET
YEAR
�9 —� AMOUNT AMOUNT
IA-Owned.Rental Housing LHA-Leased-Homeownership 19 19
-IA-Leased-Section 23 or 10(c) L_� LHA-Conveyed Project PUM PUM PUM (ToNeurest$1U) PUM (7bNeurest$I1)
HA-Owned-Homeownership CJ Administration Contract I
INE NO. ill (2) (3) (4) (5) (6) (7)
OTHER EXPENDITURES:
0 Prior Year Adjustments
— ------------- -------- ------------ -----------
'.0 Other Deductions
t0 Total Other Expenditures
0 TOTAL OPERATING EXPENDITURES —!_—IO8_9565,380
RESIDUAL RECEIPTS (OR DEFICIT) BEFORE HUD CONTRIBU-
00 TIONS AND PROVISION FOR OPERATING RESERVE:
10 Basic Annual Contribution (Leased Project)
RESIDUAL RECEIPTS (OR DEFICIT) BEFORE OTHER HUD CON.
20 TRIBUTIONS AND PROVISION FOR OPERATING RESERVE:
OTHER HUD CONTRIBUTIONS i
A Operating Subsidy
;0 Special Family Subsidy — — --- —
;0 Total Other HUD Contributions
70 Residual Receipts (or Deficit) before Reserve
;0 Provision for Operating Reserve
)0 Residual Receipts (or Deficit)
OPERATING RESERVES
FOR A CONTRACT OR PROJECT
NE Part I - Maximum Operating Reserve -
o. End of Current Budget Year
SECTION A - LHA-OWNED RENTAL HOUSING _ $
81 One-half (50°0) of Line 600-Column 5- Form HUD-52564 for a Contract
—
SECTION B - LHA-LEASED HOUSING - SECTION 23 OR 10(C)
02 One-half (50%) of Line 600-Column 5- Form HUD-52564 for a Project
SECTION C - LHA-OWNED OR LEASED HOUSING - HOMEOWNERSHIP
•
03 One-half (50%) of Line 600-Column 5- Form HUD-52564 fora Project _ _ _ —_-
04 One-third (33-1/3%) of Line 004-Column 5- Form HUD-52564 for a Proiect
Total (Sum of Lines 03 and 04)
Port II — Provision for and Estimated or Actual• 's t
Operating Reserves at Year End
06 Reserve at End of Previous Fiscal Year - Actual $
—
07 Provision for Reserve - Current Budget Year - Estimated or Actual
08 Reserve at End of Current Budget Year- Estimated or Actual
09 Provision for Reserve - Requested Budget Year- Estimated
10 Reserve at End of Requested Budget Year - Estimated
.HA APPROVAL: - - --y
(Name and Title) (Si i'aatur.-) --� (Dare)
REA OFFICE APPROVAL .--_-
• (Name end Title) -.—..-- --- ti,,,uaun•) (Hatt•)