Staff recommends the City Commission approve the inter-local agreement with Lake County for home buying services.
The City of Leesburg has been operating a First-Time Homebuyer’s program since 2002. The City of Leesburg formed a partnership with Lake County to help potential homebuyers complete down-payment assistance applications, for the purpose of purchasing a single-family home, condominium, or townhome.
Lake County is now instituting a new Homebuying Program and each partnering agency such as Habitat for Humanity, Affordable Housing by Lake, Homes in Partnership, and the City of Leesburg, has been asked to endorse the new program services. Staff agrees with Lake County’s new program service and the mandates that all applicants will be prescreened before attending homebuying classes to ensure applicants are mortgage ready. The partnering agencies will also be responsible for providing additional services. Staff has formed a partnership with the University of Florida and the Lake County Extension Center to provide Home Maintenance classes.
The Homebuying Services that will be provided, based on the interlocal agreement are as follows:
Benefit of the Agreement:
1. Approve the interlocal agreement with Lake County for Homebuying Services, or
2. Such alternative action as the Commission may deem appropriate
Additional revenue from this activity is projected to be $36,000.00 per year. Approximately $400 per year will be used to provide workshop materials for applicants.
Prepared by: ______________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. _______JB_________
Deputy C.M. _______EFS________
City Manager ___________________
Account No. _001-6254-554-5210__
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA AUTHORIZING THE APPROVAL OF THE INTERLOCAL AGREEMENT FOR HOMEBUYING SERVICES BETWEEN THE CITY OF LEESBURG AND THE LAKE COUNTY COMMUNITY SERVICES, HOUSING & COMMUNITY DEVELOPMENT, TO PROVIDE HOMEBUYING SERVICES.
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 Community Services, Housing & Community Development whose address is P.O. Box 7800 Tavares, Florida 32778-7800, for Homebuying Services.
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 __28th___ day of _July___ 2008.