HomeMy WebLinkAboutMN-SPCC-2018-05-30COMMON COUNCIL PROCEEDINGS
CITY OF ITHACA, NEW YORK
Special Meeting 6:00 p.m. May 30, 2018
PRESENT:
Mayor Myrick
Alderpersons (7) Brock, McGonigal, Murtagh, Nguyen, Gearhart,
Kerslick, Lewis
OTHERS PRESENT:
City Clerk – Conley Holcomb
City Attorney – Lavine
Deputy Director of Planning & Development Director – Nicholas
Community Development Director – Bohn
EXCUSED:
Alderpersons (3) Fleming, Mohlenhoff, Smith
PLEDGE OF ALLEGIANCE:
Mayor Myrick led all present in the Pledge of Allegiance to the American Flag.
SPECIAL ORDER OF BUSINESS:
2.1 Approval of Amendment #3 to the 2017 Housing & Urban Development
(HUD) Action Plan - Ithaca Neighborhood Housing Services (INHS) Scattered
Sites Phase II Project - Resolution
By Alderperson Lewis: Seconded by Alderperson Brock
WHEREAS, the Ithaca Urban Renewal Agency (IURA) recommends approval of an
amendment to the 2017 HUD Action Plan to authorize a loan of up to $160,000 to
Ithaca Neighborhood Housing Services, Inc. (INHS) for the Scattered Site Preservation
Phase II project (Project) with funds to be derived from the IURA-administered
Community Development Revolving Loan Fund; and
WHEREAS, the Project will renovate, reconstruct or replace some, or all, of the existing
rental housing units located at 502 W. MLK Jr./State Street, 203-209 Elm Street, 406 S.
Plain Street, 111 W. Clinton Street, 227 S. Geneva Street and 301 S. Geneva Street;
and
WHEREAS, the City has contracted with the IURA to administer, implement and monitor
the City’s HUD Entitlement program in compliance with all applicable regulations; and
WHEREAS, the City adopts an Action Plan annually that identifies a specific list of
budgeted community development activities funded from the HUD E ntitlement program;
and
WHEREAS, a change in activity funding of more than $25,000 in the Action Plan
requires Common Council approval; and
WHEREAS, the IURA recommends the addition of the Project as a new activity funded
at $160,000 in the 2017 Action Plan; and
WHEREAS, the IURA-Administered Community Development Revolving Loan Fund
(CD-RLF) utilizes CDBG funds to make small business loans, but is not authorized to
make affordable housing loans; and
WHEREAS, the IURA recommends reallocating up to $160,000 from the CD-RLF to the
2017 Action Plan to fund the Project; and
WHEREAS, CDBG funds are proposed to be used for reimbursement of professional
fees and soft costs; and
May 30, 2018
2
WHEREAS, conducting environmental, engineering, architectural and other feasibilit y
studies for an affordable housing project where such activities do not commit any
physical change is a Type II action under the City Environmental Quality Review
Ordinance, so no further environmental review of this action is required; now, therefore
be it
RESOLVED, That the Common Council for the City of Ithaca hereby approves the
following IURA-recommended amendment to the 2017 HUD Action Plan:
Project: INHS Scattered Site Preservation Phase II affordable housing
project
Sponsor: Ithaca Neighborhood Housing Services, Inc.
Amount: $160,000
Description: Loan assistance for professional fees and other soft costs for an
affordable housing project
; and, be it further
RESOLVED, That funding shall be derived by transferring up to $160,000 from the
IURA Community Development Revolving Loan Fund to the 2017 HUD Action Plan
account.
Community Development Director Bohn explained that this action was needed prior to
the June Common Council meeting as there is a June 1, 2018 deadline to disburse
CDBG funds. The Scattered Site Preservation Phase 2 Project is targeted toward the
rehabilitation of existing affordable rental housing. This will result in a 30-year minimum
requirement that housing stays affordable. It will be an interest only loan until the end of
the 30-year term where the balance of the loan will become due.
A vote on the Resolution resulted as follows:
Carried Unanimously
ADJOURNMENT:
On a motion the meeting adjourned at 6:10 p.m.
______________________________ _______________________________
Julie Conley Holcomb, CMC Svante L. Myrick
City Clerk Mayor