R2017-36 Quitclaim Deed for 1059 W. Macon Street

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Item Coversheet Page 1 of 1 in Development Services DATE: 3/12/2017 MEMO: TO: Honorable Mayor Julie Moore Wolfe and City Council FROM: Tim Gleason,City Manager Billy Tyus,Assistant City Manager SUBJECT: Resolution Authorizing Execution of Quitclaim Deed for for Property Located at 1059 W.Macon St.to Decatur Pilot NFP,the not-for-profit arm of the Decatur Housing Authority for new housing development. SUMMARY RECOMMENDATION: It is recommended that the City Council approve the sale of this parcel of land to Decatur Pilot NFP(Decatur Housing Authority) BACKGROUND: The City purchased this lot from the Macon County Trustee in August 2016 specifically for the Decatur Housing Authority(Decatur Pilot NFP)housing development project to bring new,energy efficient homes to this area along W. Macon St.As you know,the City worked in partnership with the Housing Authority to apply for and ultimately secure the$2 million foreclosure settlement grant that is funding this new housing construction.Our role has included planning and neighborhood selection assistance and,in some cases,the securing of vacant lots to be redeveloped in an attempt to encourage reuse and to stabilize declining property values. The City made this purchase instead of having the Decatur Housing Authority do so directly because federal funds were used to demolish the house and we were working with HUD to coordinate the transfer for this project.HUD has been aware of and supportive of the plan but only recently gave the formal go-ahead to make the transfer. PRIOR COUNCIL ACTION: None POTENTIAL OBJECTIONS: There are no known objections to this resolution. STAFF REFERENCE: Billy Tyus,Assistant City Manager for Development Services can be reached at btyus@decaturil.gov or 217-424-2727. BUDGET/TIME IMPLICATIONS: None ATTACHMENTS: Description Type resolution RCS01U6011 LrtM' Deed Backup Nlatcrial https://decatur.novusagenda.com/AgendaWeb/CoverSheet.aspx?ItemID=1053 3/16/2017