Description: AGENDAHED.JPG
  

Item No:                    5I.

 

Meeting Date:           July 22, 2013

 

From:                          Ken Thomas, Director of Housing & Economic Development

 

Subject:                      Resolution authorizing  an Addendum to Interlocal Agreement between Lake County Government and the City of Leesburg for the Neighborhood Stabilization Program (NSP1)

 


Staff Recommendation:

Staff recommends approval of the Addendum to allow the City of Leesburg to receive funding in the amount of $149,316.94 to purchase one (1) new property for resale or rental.

 

Analysis:

On June 22, 2009, the City entered into an Interlocal Agreement with Lake County Government to provide NSP activities for low and moderate income families.  The agreement provides funding to allow Staff to purchase, rehabilitate and resell foreclosed and abandoned properties during the term of the Agreement. 

 

The proposed Addendum will authorize Lake County to provide additional funds to the City of Leesburg from the NSP1 program in the amount of $149,316.94.  The Addendum also includes an extension on the original agreement until January 31, 2104.  The additional funds are to be used to purchase a minimum of one property for resale or rental.  All other provisions of the original Interlocal Agreement remain in full force. 

 

Options:

1.  Approve the Addendum to the Interlocal Agreement between Lake County and Leesburg; or

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact: 

The City will gain additional funds in the amount of $149,316.94 to purchase a property.

 

Submission Date and Time:    7/17/2013 3:16 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. _BLM,_____________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _013-0000-331-5900_____

 

Project No. ___NSP008___________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION NO._______________

 

RESOLUTION AUTHORIZING EXECUTION OF AN ADDENDUM TO INTERLOCAL AGREEMENT BETWEEN LAKE COUNTY GOVERNMENT AND THE CITY OF LEESBURG FOR THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP1); 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 addendum to the Interlocal Agreement between Lake County Government whose address is Post Office Box 7800, Tavares, Florida 32778-7800 and the City of Leesburg, for the purpose of providing additional funding in the amount of $149,316.94 to purchase one new property and implement the Neighborhood Stabilization Program (NSP1).

 

             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 July day of 22, 2013.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

__________________________

City Clerk