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�- ' <br /> Economic and Urban Development Department Memorandum <br /> # 07-124 <br /> November 13, 2007 <br /> TO: Honorable Mayor Osborne and City Council <br /> FROM: Steve Ga , City Manager , „ <br /> Greg Cro , Assistant City Manag�,i' ' L� <br /> Vickie Buc ngham, Assistant Director of Economic and Urban Development.�';�',; <br /> Richelle D. Irons, Neighborhood Outreach Manager� �. • <br /> SUBJECT: FY 07-08 HOME allocation to NWRAPS for Re-Housing Project RFP <br /> RECOMMENDATION: <br /> Staff recommends approval of the attached resolution regarding FY2007-08 HOME funding for <br /> the Near Westside Restoration And Preservation Society (NWRAPS). The resolution provides <br /> $52,502 in project funds toward the rehabilitation of a vacant single-family home located at 1019 <br /> W. Tuttle. Upon completion of the restoration work, this property will be sold to a low-to <br /> moderate income homebuyer. <br /> BACKGROUND: <br /> In April 2007, the City of Decatur published a Request for Proposals for the use of HOME <br /> entitlement funds for Affordable Housing Development. Applications were received from one <br /> organization and scored by staff. Near West Restoration And Preservation Society (NWRAPS) �� <br /> was the only qualified responder, and staff recommends approval of funding of this project. This i <br /> award would be in the amount of $52,502. Funds from this allocation would be used for <br /> renovation and soft costs associated with the rehabilitation of 1019 W. Tuttle. The home would �� <br /> be sold to a low to moderate-income household. The total cost of the project is estimated at I <br /> $83,364.82. Agreement for the project described above is attached. I <br /> POTENTIAL OBJECTIONS: <br /> None <br /> INPUT FROM OTHER SOURCES: <br /> Neighborhood Redevelopment Staff, Neighborhood Outreach Staff, HOME regulations and <br /> guidelines. <br /> STAFF REFERENCE: <br /> If City Council members have questions, they may contact Richelle D. Irons at 424-2864 or e- <br /> mail at rdi��ofls(��;deca.tt���e;t.u��<�. <br /> POTENTIAL OBJECTIONS: <br /> None known <br />