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Home My WebLink About1981-173-04.13.1981 RESOLUTION NO. / 9 cs) /- / 73 RESOLUTION BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA, AS THE WATERLOO HOUSING AUTHORITY, ADOPTING REVISION NO. ONE (1) OF THE FISCAL YEAR ENDING JUNE30 , 1981 OPERATING BUDGET FOR RIDGEWAY TOWERS , IA-50-3. WHEREAS , the Low Rent Housing Commission of the City of Waterloo, Iowa was duly organized on July 13, 1970 pursuant to Chapter 403A of the Code of Iowa; and, WHEREAS , said Low Rent Housing Commission, at a special meeting on August 17, 1972 , adopted an unnumbered resolution " . . .accepting and authorizing execution of the Annual Contributions Contract No. KC-3047, Part 1, for Project No. IA-50-3; " and, WHEREAS, said Low Rent Housing Commission, at a special meeting on August 17, 1972, adopted Resolution No. 1972-63 " . . .accepting the Terms and Conditions Constituting Part Two of a Consolidated Annual Contributions Contract between the Housing Commission and the United States of America for Project No. LA-50-3; and, WHEREAS , Part Two, Section 407 (A) of said Annual Contributions Contract stipulates that "The term 'Operating Budget' shall mean a realistic estimate of the Operating Expenditures to be incurred in connection with the prudent operation of any Project during a specified period, broken down according to a classification of accounts prescribed by the Government. " ; and, WHEREAS , the original Operating Budget for the Project IA-50-3 for the fiscal year ending June 30, 1981, as amended and approved by the U. S. Department of Housing and Urban Development (HUD) , did not provide an adequate Operating Subsidy to discharge maintenance and other operating costs necessary to keep the project from experiencing physical deteriora- tion and/or discontinuation of vital services guaranteed to residents in their lease with the project, NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waterloo , Iowa that Revision No. One (1) of the fiscal year 1981 Operating Budget for IA-50-3 is approved and adopted for submission to the U. S . Department of Housing and Urban Development, said Revised Operating Budget providing for the "realistic" and "prudent" operation of the project. PASSED AND ADOPTED by the City Council of the City of Waterloo, Iowa this 13th day of April, 1981, and approved by the Mayor this 13th day of April, 1981. eo P. Rooff, May. 4 ATTEST: Larr Bur r, C ty C rk 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. / 9 v-/7,3 as passed and adopted by the City Council of the City of Waterloo, Iowa, on the 13th day of April, 1981. Witness My Hand and Seal of Office this 13th day of April, 1981. SEAL City ler • HUD-525F4 Page 2 of 2 January 1 72 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT NAME OF LOCAL AUTHORITY: LOW—RENT HOUSING PROGRAM WATERLOO HOUSING AUTHORITY OPERATING BUDGET LOCALITY: For Fiscal Year Ending JUNE 30 19 81 WATERLOO, IOWA ORIGINAL REVISION NO. ONE (1) CONTRACT NO.(5): KC-3O47 ACTUALS ESTIMATES REQUESTED BUDGET ESTIMATES LAST OR PROJECT NO.(S): FISCAL ACTUALS IA-50-3 YEAR CURRENT LHA ESTIMATES HUD MODIFICATIONS BUDGET TYPE OF HUD—ASSISTED PROJECT(S): YEAR LHA-Owned.Rental Housing 1111 LHA-Leased-Homeownership I 19 79 t9 80 AMOUNT AMOUNT LHA-Leased-Section 23 or 10(c) II PUM PUM PUM (ToNearest$10) PUM (ToNearest$10, LHA-Conveyed Project LHA-Owned-Homeownership I Administration Contract Pi LINE NO. (1) (2) (3) (4) (5) (6) (7) OTHER EXPENDITURES: 810 Prior Year Adjustments 10.44 6 ,263 820 Other Deductions .25 .00 830 Total Other Expenditures 13. 05 7 ,827 890 TOTAL OPERATING EXPENDITURES 83.42 98.97 72,095 RESIDUAL RECEIPTS (OR DEFICIT) BEFORE HUD CONTRIBU- 900 TIONS AND PROVISION FOR OPERATING RESERVE: 83.42 (18.84) 910 Basic Annual Contribution (Leased Project) RESIDUAL RECEIPTS (OR DEFICIT) BEFORE OTHER HUD CON- 920 TRIBUTIONS AND PROVISION FOR OPERATING RESERVE: (1.67) (18.84) OTHER HUD CONTRIBUTIONS 930 Operating Subsidy 7.50 16.21 940 Special Family Subsidy 950 960 Total Other HUD Contributions 7.50 16.21 970 Residual Receipts (or Deficit) before Reserve 5.83 (2.63) 980 Provision for Operating Reserve 5.83 (2.63) 990 Residual Receipts (or Deficit) .00 .00 OPERATING RESERVES FOR A CONTRACT OR PROJECT LINE Part I — Maximum Operating Reserve — NO. End of Current Budget Year SECTION A — LHA-OWNED RENTAL HOUSING $ 01 One-half (50%) 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 for a Project 04 One-third (33-1/3%) of Line 004—Column 5— Form HUD-52564 for a Project Total (Sum of Lines 03 and 04) Part II — Provision for and Estimated or Actual 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 LHA APPROVAL: (Name and Title) (Signature) (Date) AREA OFFICE APPROVAL (Name and Title) (Signature) (Date) 'HUD-52564 Form Approved Page 1 of 2 January 12J2 OMB No. 63-R0808 g U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TYPE OF HUD-ASSISTED PROJECT(S): LOW-RENT HOUSING PROGRAM LHA-Owned Rental Housing IX OPERATING BUDGET LHA-Leased Housing-Section 23 or 10(c) For Fiscal Year Ending DUNE 30 19 81 LHA-Owned-Homeownership LHA-Leased-Homeownership ORIGINAL LXI REVISION NO. ONE (1) LHA-Conveyed Project-Administration Contract. NAME OF LOCAL AUTHORITY: CONTRACT NO.(S): KC-3047 WATERLOO HOUSING AUTHORITY PROJECT NO.(S): LOCALITY: IA-50-3 NO. OF D.U. NO. OF UNIT MONTHS OF WATERLOO, IOWA AVAILABILITY: 50 600 HUD AREA OFFICE: HUD REGIONAL OFFICE: ACTUALS ESTIMATES REQUESTED BUDGET ESTIMATES LAST OR FISCAL ACTUALS DES MOINES, IOWA KANSAS CITY, MO. YEAR CURRENT LHA ESTIMATES HUD MODIFICATIONS BUDGET YEAR 79 80 AMOUNT AMOUNT 19 19 PUM PUM PUM (ToNearest$10) PUM (ToNearest$10; LINE NO. (1) (2) (3) (4) (5) (6) (7) Homebuyers Monthly Payments For: 001 Operating Expenses 002 Earned Home Payments Account 003 Nonroutine Maintenance Reserve 004 Total Break-Even Amount(sum of Lines 001, 002, & 003) 005 Excess ( or Deficit) in Break-Even Amount 006 Homebuyers Monthly Payments (Contra) OPERATING RECEIPTS: 010 Dwelling Rentals 75.91 75.00 76 . 30 45,780 020 z v Excess Utilities 3.58 2.50 4 . 50 2 , 700 030 F- 0- Nondwelling Rentals 040 Total Rental Income 79.49 77.50 80. 80 48,480 050 aet Interest on General Fund Investments 1.30 2.00 1. 18 710 060 0 Other Operating Receipts .97 .63 1. 39 833 090 TOTAL OPERATING RECEIPTS EXCLUDING HUD CONTRIB. 81.76 80. 13 83. 39 501023 OPERATING EXPENDITURES: ADMINISTRATION: 110 Salaries 8.00 9.50 10. 53 6 , 320 120 Administration Expenses Other Than Salaries 3.26 4.00 4 .47 2 ,680 _ 190 Total Administration Expenses 11.25 13.50 15.00 9 ,000 TENANT SERVICES: 210 I Salaries 220 Recreation, Publications and Other Services .00 .83 . 83 500 230 Contract Costs - Training and Other .00 .83 . 83 500 290 Total Tenant Services Expenses .00 1.66 1.66 1,000 UTILITIES: 310 Lc) Labor 320 Icti Utilities 44.24 48.27 53. 10 31, 860 390 1 Total Utilities Expenses 44.24 48.27 53. 10 31, 860 u1 ORDINARY MAINTENANCE AND OPERATION: 410 w z Labor 11.07 11.30 12 . 66 7,600 420 x Materials 3.36 5.67 7. 50 4 ,500 430 n Contract Costs 6.95 5.67 8. 33 5,000 450 Z O Total Ordinary Maintenance and Operation Expenses 21.38 22.63 28 .49 17,100 PROTECTIVE SERVICES: 460 w Labor 470 Materials 480 Contract Costs 490 Total Protective Services Expenses GENERAL EXPENSES. 510 Insurance 2.67 2.67 2 . 67 1, 600 520 Payments in Lieu of Taxes 3.53 2.85 2. 35 1,408 530 Terminal Leave Payments 540 Employee Benefit Contributions 2.79 3.12 3- R3 2 , 300 550 Collection Losses 560 Other General Expenses -- 1 590 Total General Expenses 6.32 8.68 8. 85 5, 308 600 TOTAL ROUTINE EXPENSES 83. 18 94.70 1,07. 11 64 , 268 610 'RENTS TO OWNERS OF LEASED DWELLINGS _ 690 TOTAL OPERATING EXPENSES 83. 18 94.70 NONROUTINE EXPENDITURES: 411 .00 4.27 710 Z Extraordinary Maintenance 2 .61 1,564 720 Replacement of Equipment _ 730 0Betterments and Additions 740 z Other Nonroutine Expenditures 790 z TOTAL NONROUTINE EXPENDITURES .00 4.27 2 . 61 1, 564 HUD-52564