R2008-217 AUTHORIZING AGREEMENT AMERIPINO INVESTMENTS, LLC

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. , , Economic and Urban Development Department Memorandum # 08-142 November 10, 2008 TO: Honorable Mayor Carrigan and City Cou il FROM: Ryan P. McCrady, City Manager � Greg Crowe, Assistant City Manager of Economic and Urban Developmen� Richelle D. Irons, Assistant Director of EUD/Neighborhood Outreach Mgr. �� Vickie Buckingham,Neighborhood Programs Manager�� '/�/ SUBJECT: 641 West Main Street RECOMMENDATION: Staff recommends approval of the attached resolution regarding FY2008/2009 CDBG funding for the rehabilitation. The resolution provides funds up to $20,000 for the installation of new efficient furnaces, a hot water heater, and a new roof system for the eight (8) residential units for low/moderate-income residents. The eight units are located at 641 West Main Street. BACKGROUND: In September 2008, the City of Decatur published a Request for Proposal for CDBG funding for Multi-Unit Rental Rehabilitation with emphasis to benefit very low/low income persons. Rehabilitation could include safety and security improvements, incorporate energy and/or accessibility improvements. Proposals were received and scored by the Neighborhood Redevelopment Division. Ameripino Investments, LLC was one of the qualified proposals for the CDBG funds. The proposal will allow Ameripino Investments, LLC to replace the existing roof system, with a new hot water heater, and energy efficient furnaces. Staff recommends approval of funding for the 641 West Main Street project. Agreement for the project described above is attached. POTENTIAL OBJECTIONS: None known. INPUT FROM OTHER SOURCES: Neighborhood Redevelopment Division staff and CDBG regulations STAFF REFERENCE: If City Council members have questions, they may contact Richelle Irons at (217) 424-2864 or e- mail rirorls a)dccaturil.go�-. BUDGET/TIME IMPLICATIONS: Projects may commence upon City Council approval and completion of any environmental requirements.