AGENDA MEMORANDUM

 

 

Meeting Date:           September 13, 2010

 

From:                          Kenneth L. Thomas, Director of Housing & Economic Development          

 

Subject:                      Resolution authorizing approval of the First Amendment to the Memorandum of Understanding (MOU) with  Lake County Government

                                    for funding of Magnolia Townhomes

 

 

Staff Recommendation:

Staff recommends approval of the First Amendment to the MOU for Magnolia Townhomes continued funding of $429,000.

 

Analysis:

The County and City both recognize that a significant number of low and moderate income households are residing in substandard and overcrowded housing, and that a partnership between both governmental bodies is the best way to address some of those needs and concerns.

 

The amendment addresses the changes in the Magnolia Townhomes project originally slated for housing rehabilitation and now the focus is on building new housing units.  The grant funds have already been submitted to the City of Leesburg for project use.  No other significant changes were made to the MOU. 

 

Options:

1.  Approve the First Amendment to the MOU; or

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact

The amendment allows the City to utilize existing grant funding of $429,000 for construction of Magnolia Townhomes. Funding has already been issued to the City of Leesburg. 

 

Submission Date and Time:    9/16/2010 12:11 PM____

 

Department: ______________________

Prepared by:  ______________________                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                 

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. ______JB__________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION NO._______________

 

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE FIRST AMENDMENT TO THE MEMORANDUM OF UNDERSTANDING BETWEEN LAKE COUNTY GOVERNMENT AND THE CITY OF LEESBURG FOR FUNDING OF THE MAGNOLIA TOWNHOMES PROJECT FOR NEW CONSTRUCTION; AND PROVIDING AN EFFECTIVE DATE.

 

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

 

            THAT the Mayor and City Clerk are hereby authorized to execute an agreement with Lake County Government, whose address is 315 West Main Street, Tavares, Florida 32778 for continued funding  for new construction of the Magnolia Townhomes Project.

 

             THAT this resolution shall become effective immediately.

 

PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the _13th____ day of __September_______ 2010.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk