Title
RESOLUTION NO. 24R-05-79: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE REINSTATEMENT AND FIRST AMENDMENT TO THE INTERLOCAL AGREEMENT BETWEEN THE CITY OF LAUDERHILL AND BROWARD COUNTY FOR THE DISBURSEMENT OF HOME INVESTMENT PARTNERSHIP PROGRAM (HOME) FUNDS FOR RETROACTIVE ENCUMBERMENT OF FISCAL YEAR 2020-2021 FUNDS; PROVIDING FOR THE DISBURSEMENT OF FUNDING IN THE AMOUNT OF $118,240.00 FOR THE PURCHASE ASSISTANCE PROGRAM TO QUALIFIED PARTICIPANTS; EXTENDING THE TERM UNTIL JUNE 30, 2024; AMENDING TERMS AND CONDITIONS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, DESORAE GILES-SMITH).
Body
Request Action:
A Resolution is requested from the City Commission to approve the reinstatement and first amendment to Interlocal Agreement between City of Lauderhill and Broward County for HOME Purchase Assistance Program for FY 2020-2021
Need:
Action is needed to obtain commission approval prior to executing the Broward County Home Program FY 2020-2021 Reinstatement and First Amendment Interlocal Agreement for completion of the Purchase Assistance Program.
Summary Explanation/ Background:
The City of Lauderhill and Broward County entered into the original FY 2020-2021 Interlocal Agreement on March 29, 2021 via Resolution No. 21R-02-44 for the purpose of providing residential purchase assistance to eligible recipients. The agreement expired as of September 30, 2022 before all FY 2020-2021 HOME funds were exhausted. The City has requested for a reinstatement and extension of terms of the agreement. Broward County has agreed to reinstate and extend the terms of said agreement through to June 30, 2024. The remaining funds under this agreement have already been designated for a previously approved recipient. This reinstatement will allow for all funds to be exhausted under the agreement and for final closeout report to be provided Broward County.
Attachments:
1. Draft Reinstatement and First Amendment...
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