Staff recommends approval of the First Amendment to the MOU for Magnolia Townhomes continued funding of $429,000.
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.
1. Approve the First Amendment to the MOU; or
2. Such alternative action as the Commission may deem appropriate
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.
Prepared by: ______________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. ______JB__________
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF 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.