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File #: 2020-0361    Version: 1
Type: Resolution Status: Passed Finally
File created: 5/22/2020 In control: Committee on Intergovernmental Affairs
On agenda: 5/26/2020 Final action: 6/1/2020
Enactment date: 6/1/2020 Enactment #: 247
Effective date: 6/2/2020    
Title: Resolution amending Resolution 394 of 2018 to clarify the appropriate Neighborhood Stabilization Program reference.
Indexes: AGREEMENTS (AMENDING), COOPERATION AGREEMENT/S
Attachments: 1. 2020-0361 Cover Ltr NSP Clarification Resolution Mayor Letter, 2. Summary 2020-0361

title

Resolution amending Resolution 394 of 2018 to clarify the appropriate Neighborhood Stabilization Program reference.

 

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WHEREAS, pursuant to Resolution 394 of 2018, effective June 28, 2018, the Mayor and Office of Management and Budget were authorized to enter into a cooperation agreement or agreements with the Urban Redevelopment Authority to designate the URA as the City’s agent for implementation of a Neighborhood Stabilization Program grant of up to Two Million Dollars from the Pennsylvania Housing Finance Agency; and

 

WHEREAS, the title of the Resolution incorrectly mentioned the Neighborhood Stabilization Program (“NSP”) 3 and Section of the Resolution did not specify a particular program number; and

 

WHEREAS, the City and URA are required to specify that the grant is part of NSP 1.

 

 

Be it resolved by the Council of the City of Pittsburgh as follows:

 

Section 1:  Section 1 of Resolution 394 of 2018 is hereby amended to read as follows: 

 

Section 1.                     The Mayor and the Office of Management and Budget, are hereby authorized to enter into a cooperation agreement or agreements with Urban Redevelopment Authority of Pittsburgh (“URA”), in a form approved by the City Solicitor, designating URA as the City's agent for implementation of a Neighborhood Stabilization Program 1 (“NSP 1”) grant of up to TWO MILLION DOLLARS ($2,000,000.00) from the Pennsylvania Housing Finance Agency (“PHFA”) and/or the Pennsylvania Department of Community and Economic Development (“DCED”), requiring compliance by URA with PHFA’s and/or DCED’s NSP 1 requirements, providing for the reimbursement of the Commonwealth for any expenditure of NSP funds found by PHFA and/or DCED to be ineligible, and providing for the transfer to URA of the amount of NSP 1 funds received from PHFA and/or DCED or $2,000,000.00, whichever is less,  chargeable to and  payable from the Grants Trust Fund: 8229400247.50000.00.