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Home My WebLink AboutAgenda Report - June 25, 1986 (69)E.I?'Y COUNCIL I _ JUNE 25, 1986 a'VZVNITY DEVFUOPMENT BLOC GRAN•i FUNDS FOR SIDEWALK INSTALLATIONS RES. NO. 86-°2 Council was reminded that on May 21, 1986, the Lodi City Council adopted Resolution No. 86-83 establishing CC -55 alternatives for providing; financial assistance for sidewalk installations in areas which meet the criteria for the �,,?enditures of Conmunity Development Block Grant Funds. City Manager Peterson apprised the Council that since this Resolution sassed the City has received information frau HUD stating that each individual property owner who applies for financial assistance for sidewalk installations must qualify as it relates to their economic status, if said loan is caning out of Com unity Block Grants. The Can uiity Development Department is now working with HUD to determine what the qualifications for individuals are in order to rece3.ve funds frau the CooTmity Block Grants. Following discussion with questions being directed to staff, Council, on motion of Mayor Reid, HinchTnan second, adopted Resolution No. 86-92 amending Resolution No. 86-83 to fly with HUD requirements regarding qualifications for individuals applying for this assistance. The motion carried by the following vote: Ayes: Council Members - Hinchman, Olson, Snider and Reid (Mayor) Noes: Council Members - Pinkerton Absent: Council Members - None P%� � � `•.cls �,.T�=,�( Y _ .�+' ZF 4'"e'Lw 2 {' t 4 )UNCIL CU11 MUi\TICATU i TO: THE CITY COUNCIL DATE FROM: THE CITY MANAGER'S OFFICE JUNE 16 1986 SUBJECT: COMMLW= DEVEWPMERr BIOM GRANT FUNDS FOR SIDEfro'Al1C INSTALLATIONS NO. Attached hereto is a copy of Resolution 86-83 which was adopted at :he May 21, 1986 City Council meeting. Since this Resolution passed, the City has received information frau HUD stating that each individual prcaperty owner who applies for financial assistance for sidewalk installations, must qualify as it relates to their econanic status, if said loan is caning out of Ccmrunity De�elog¢ient Block Grants. 'rhe ComRamity Development Department is now working with HUD to determine what the qualifications for individuals are in order to receive funds from the C MM=ty Block Grants. RONAM M. STEIN CITY ATTORNEY RMS:vc RESOLUTION NO. 86-92 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LODI ESTABLISHING ALTEPNATIVES.FOR PROVIDING FINANCIAL ASSISTANCE FOR SIDEWALK INSTALLATIONS IN AREAS WHICH MEET THE CRITERIA FOR THE EXPENDITURES OF CON.MUNITY DEVELOPMENT BLOCK GRANT FUNDS RESOLVED, that the City Council of the City of Lodi"'does hereby establish alternatives for providing financial assistance for sidewalk installations in areas which meet the criteria for the expenditures of Community Development Block Grant Funds as follows: 1. The program will be available only in those areas of the City in which Community Development Block Grant funds may be expended. Note: This is essentially that area of the City east of Church Street. 2. The program will be available only to owner -occupied single family residences. Note: An owner -occupied single family residence located on a parcel which also contains rental ;nits does not qualify. 3. Eligible persons shall have the following options: a. Pay 100% of the cost of the sidewalk at the time of installation. f b. Execute an agreement with the City providing for the granting by the City of a low-interest loan (3%) per annum to finance the sidewalk installation. Such t a loan would be subject to the following: i. it shall be paid off in five annual payments is ii. it shall be paid off at the time of sale of the property if such sale occurs in less than five years iii. it shall be recorded '� RESOLUTION NO. 86-92 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LODI ESTABLISHING ALTERNATIVES FOR PROVIDING FINANCIAL ASSIa_'NCE FOR SIDEWALK INSTALLATIONS IN AREAS WHICH MEET THE CRITz-IA FOR THE EXPENDITURES OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS RESOLVED, that the City Council of the City of Lodi does hereby establish alternate,res for providing financial assistance for sidewalk installations in areas which meet the criteria for the expenditures of Community Development Block Grant Funds as follows: I. The program will be available only in those areas of the City in which Community Development Block Grant funds may be expended. } Note: This is essentially that area of the # City east of Church Street. 2. The program will be available only to owner -occupied single family residences. Note: An owner -occupied single family residence located on a parcel which also contains rental units does not qualify. s 3. Eligible persons shall have the following options: a. Pay 100% of the cost of the sidewalk at ,s the time of installation. b. Execute an agreement with the.City providing for the granting by the City of a low-interest loan (3%) per annum to 2 finance .the sidewalk installation. Such a loan would be subject to the following: Q i. it shall be paid off in five annual payments ii. it shall be paid off at the time of sale of the property if such sale occurs in less than five years iii. it shall be recorded C. Agree to placement of a lien on the property for the amount of the sidewalk installation plus 3% per annum interest until such lien is retired. i. it shall be paid off no later than at the end of the fifth year :4. ii. it shall be paid off at the time of the sale of the property if such sale occurs in less than five years iii. it shall be recorded BE IT FURTHER RESOLVED, that this 1,rogram shall be available to all qualified owner -occupied, single family residences in t.ie qualified area. BE IT FUWfHER RESOLVED, that Resolution No. 86-83 is hereby rescinded. Dated: June 25, 1986 I hereby certify that Resolution No. 86-92 was passed and adopted by the City Council of the City of Lodi in an adjourned regular meeting held June 25, 1986 by the following vote: Ayes: Council Members - Olson, Hinchman, Snider, & Reid (Mayor) Noes: Council Members - Pinkerton Absent: Council Members - None Alice M. Reimche City Clerk s RESOLUTION NO. 86-83 RESOLUTION OF THE CITY COUNCIL.OF THE CITY OF LODI ESTABLISHING ALTERNATIVES FOR PROVIDING FINANCIAL ASSISTANCE FOR SIDE' ;'ALK INSTALLATIONS IN AREAS WHICH MEET THE CRITERIA FOR THE EXPENDITURES OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS RESOLVED, that. the City Council of the City of Lodi does hereby estak,lish alternatives for providing financial assistance foi- sidewalk installations in areas which meet the criteri-s for the expenditures of Community Development Block Grant Funds as follows: 1. The program will be available only in those areas of the City in which Community Development Block Grant funds may be expended. Note: This is essentially that area of the City east of Church Street. 2. The program will be available only to owner -occupied single family residences. Note: An owner -occupied single family residence located on a parcel which also contains rental units does not qualify. 3. Eligible persons shall have the following options: a. Pay 100% of the cost of the sidewalk at the time of installation. b. Execute an agreement with the City providing for the granting by the Ci -y of a low-interest loan (3%) per annum to finance the sidewalk installation. Such a loan would be subject to the following: i. it shall be paid off in five annual payments ii. it shall be paid off at the time of sale of the property if such sale occurs in less than five years iii. it shall be recorded c. Agree to placement of a lien on the property for the amount of the sidewalk installation plus 3% per annum interest until such lien is retired. i. it shall be paid off no later than at the end of the fifth year ii. it shall be paid off at the time of the sale of the property if such sale occurs in less than five years iii. it shall be recorded BE IT FURTHER RESOLVED, that this program shall be available to all qualified owner -occupied, single family residences in the qualified area. Dated: May 21, 1986 I hereby certify that Resolution No. 86-83 was passed and adopted by the City Council of the City of Lodi in a regular meeting held May 7, 1986 by the following vote: Ayes: Council Members - Olson, Pinkerton, Snider, & Reid (Mayor) Noes: Council Members - None Absent: Council Members - Hinchman Alice M. Reimche City Clerk