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HomeMy WebLinkAboutContract 25753 CITY SECRET CON TRACT O YZ5I6 � AMENDMENT TO CITY SECRETARY CONTRACT NO. 23745 STATE OF TEXAS § COUNTY OF TARRANT § THIS contract amendment is made and entered into by and between the City of Fort Worth ("City"), acting by and through Libby Watson, its duly authorized Assistant City Manager, and the Lake Como Area Council ("LCAC" or"Contractor"), by and through Marla Sapp, its duly authorized Executive Director. Contractor's business address is 5517 West Rosedale, Fort Worth, Texas 76105. WHEREAS, the City and LCAC have entered into a contract identified as City Secretary Contract No 23745 for a period beginning March 28, 1998 and ending March 28, 2001; and WHEREAS it is the mutual desire of the parties to amend said City Secretary Contract No. 23745. NOW, THEREFORE, THIS AGREEMENT FURTHER WITNESSETH: That the parties covenant and agree that City Secretary's Contract No. 23745 currently on file in the office of the City Secretary is hereby amended to read as follows: 1. GENERAL PROVISIONS 1.1 Pur ose 1.1.1 The express purpose of this amendment is to reallocate previously approved budget amounts and to provide the Contractor with additional HOME funds in an amount not to exceed sixty-three thousand, one hundred and fifty dollars ($63,150). This total is to be added to the original contract amount of four hundred fourteen thousand and five hundred dollars ($414,500) for an amended contract total of four hundred seventy-seven thousand, six hundred and fifty dollars ($477,650). 1.1.2 The contract amount shall be allocated in the following manner: $50,000 to establish a small business revolving loan fund, $120,000 to construct offices and a community training facility, $82,000 for training and employment programs, $112,500 to provide program support, and $113,150 for housing development programs. "Program Summary" - EXHIBIT A. 1.2 Income Eligibility 1.2.1 The City uses the income definitions used by the Section 8 Program. Annual income includes earned income, income from assets, and income from other sources as defined by 24 CFR Part 5. Annual income is used to establish client eligibility for HOME and CDBG funded programs. In designing the program, Contractor agrees to abide by HUD income guidelines, which are specific to the type of project that is undertaken by �vI C / G`j LVGS� lam—"' Ips'°}may°{]N Y un VV`✓�LJ�LU9 U15L11n Contractor. Contractor shall use the most current Income Limits for Low-Income and Very Low-Income Families published by HUD to determine program eligibility. 2 DUTIES AND RESPONSIBILITIES OF CITY 2.1 Disbursement of Funds The City will furnish federal grant funds (HUD) Community Development Block Grant (CDBG) and HOME Investment Partnerships Program No. M-95-MC-480204) for use as stated herein. The City will monitor the use of such funds to ensure appropriate use of the funds. Funds shall be disbursed after execution of this contract and in compliance with the provisions therein. Disbursements from the HOME or CDBG account for advance of administrative expenses will require completion of a "Request for Funds" form, "Detail Statement of Costs" and "Expenditure Worksheet" 2.2 Amount of Funds 2.2.1 It is agreed that the total distribution of federal grant funds made available to or paid on behalf of Contractor, during the term of this contract shall not exceed the total sum of four hundred seventy-seven thousand, six hundred fifty dollars ($477,650). 3 DUTIES AND RESPONSIBILITIES OF CONTRACTOR 3.1 Scope of Services 3.1.1 Under the terms of this agreement, Contractor shall perform 1) acquisition and rehabilitation of housing for resale to qualified low and very low income first time homebuyers as defined by HUD 2) establishment of Community Based Development Organization office and training facilities 3) provide academic and job skills training to community residents 4) establish a Small Business Revolving Loan Fund to assist local business development and expansion. 3.1.2 Contractor will insure that clients participating in a first-time homebuyer's program satisfactorily complete a homeownership training program prior to closing on a property. Contractor will also help homebuyers obtain assistance under the City's Homebuyer's Assistance Program or other available programs intended to make housing affordable to homebuyers. Funds will be utilized only to provide affordable housing to persons residing within the City of Fort Worth, Texas. 3.2 Budget 3.2.1 Contractor agrees that all funds (CDBG/HOME) will be expended in accordance with "Program Budget"- Exhibit B. Any change exceeding plus or minus 5% of the total shown in this budget shall be made only with the prior written approval of the City. Under no circumstances shall the total amount of program funds expended by Contractor from funds paid by the City exceed four hundred seventy-seven thousand, six hundred fifty dollars ($477,650). 3.2.2 Contractor will not commingle funds in any manner, which would prevent the City from readily identifying program expenditures. 1-i n�gr �f °M 2 S7o 3.3 Time Line for Goals and Expenditures 3.3.1 Contractor will work in accordance with the "Program Timeline" - Exhibit C and ensure that expenditures correspond with stated goals toward the completion of program objectives. 3.4 Program Income 3.4.1 Funds generated from the sale of each house in excess of development cost may be retained by the Contractor, as long as the original corpus amount of the affordable development fund is maintained and the excess funds are used to further the development of affordable housing for low and very-low income homebuyers. The corpus amount is to be returned to the City to be drawn down to support future affordable housing projects 3.4.2 Funds generated from economic development activities funded under the terms of this contract which are excess of operating cost will be returned to the City to be deposited in the Contractor's economic development fund account. These funds are to be disbursed to Contractor upon request to fund future CDBG eligible activities. 3.6 Affirmative Marketing 3.6.1 Contractor must adopt affirmative marketing procedures and requirements for all funded projects. The procedures and requirements must include methods for informing the public, lenders, partners and potential clients homebuyers about all applicable laws and policies so as to ensure that all individuals, without regard for race, creed, nationality or religion, are given an equal opportunity to participate in the Programs. 3.7 Recapture Provisions 3.7.1 Contractor understands that there are specific property recapture requirements on all funded properties, including the requirement that a homebuyer must use the property as its principal residence. In addition, the loan documents (Note and Deed of Trust) should also incorporate this requirement. 3.8 Records and Audits 3.8.1 Contractor will keep or cause to be kept an accurate record of all actions taken and all funds expended, with source documents, in the pursuit of the objectives in the performance of this agreement. Such records shall be kept for the period of affordability mandated by the Regulations. 3.8.2 Contractor will obtain and keep on file the following information on each client served by its programs: 3.8.2.1 annual income and size of the household of which the client is a member; 3.8.2.2 ethnic group of the client, using one of the following five categories: White, not Hispanic; Black, not Hispanic; Hispanic; Asian or Pacific Islander; American Indian or Alaskan Native; E' 'COP U ­7o 3 3.8.2.3 whether the head of the client's household is male or female; is a single male or female householder with or without children; 3.8.2.4 additional statistical information as may be required by the City Housing Department or HUD regulations and any amendments thereto. 3.8.3 Contractor will keep on file the following information and documentation on each individual project: 3.8.3.1 proof that the project meets the applicable property and other standards; 3.8.3.2 the per unit amount of CDBG and non-CDBG dollars invested; 3.8.3.3 the compliance with the affirmative marketing requirements and existence of acceptable procedures; 3.8.3.4 compliance with relocation requirements; 3.8.3.5 minority and female owned business data, and affirmative fair housing actions; 3.8.3.6 compliance with lead based paint and Davis-Bacon requirements; and 3.8.3.7 compliance with conflict of interest rules. 3.9 Audits 3.9.1 For all contracts receiving a total of $300,000 or more, from federal sources, Contractor must submit to City an annual audit prepared in accordance with 24 CFR Sections 570.502-570.503 with specific reference to OMB Circular A-122 and A-133 as appropriate. The audit may cover either Contractor's fiscal year or each twelve-month period during which this agreement is in force beginning with the original date of contract execution. This audit must be prepared by an independent certified public accountant, be completed within twelve (12) months following the end of the period being audited and be submitted to the City within (30) days of its completion. 3.10 Reports 3.10.1 During the term on this contract, Contractor will submit to the City monthly activity reports, both programmatic and financial, of the services provided by contractor as result of this contract, which relate to the program in any way. Financial reports are to be submitted monthly whether or not funds are requested. Reports are due to the City by the 15'h of each month following the execution of this contract. Each report should detail: 3.10.1.1 actions taken in pursuit of program objectives 3.10.1.2 progress achieved or expected short-term results 3.10.1.3 expenditure detail. 3.10.2 Reports shall be submitted in the format specified by City. Failure to provide accurate reports in a timely manner will result in the withholding of funds and possibly termination of agreement. 3.11 Monitor Effectiveness of Services and Work 3.11.1 The City will review the activities and performance of Contractor not less than °1J0.4 1W 4 annually. 3.11.2 Contractor will cooperate fully with the City in monitoring the program. In this regard Contractor agrees to keep records sufficient to document its compliance with all applicable laws, regulations and contract terms. 3.11.3 All costs defrayed by CDBG funds will be supported by properly executed checks, orders, payrolls, time records, invoices, contracts, vouchers or other accounting documents evidencing in detail the nature and propriety of the charges. Such documentation will be clearly identified, readily accessible and, to the extent possible, kept separate and apart from all other such documents 3.11.4 All records pertaining to this shall be retained for five (5) years following the date of termination of this contract. Contractor may destroy program records at the end of this five (5) year period if no outstanding audit finding exists. City, HUD and the United States Comptroller General, or their representatives, shall have access to any books, documents, records and papers relating to the operations of Contractor under this contract for the purpose of audit, examination, exception and transcription at all reasonable hours at all offices of Contractor. The City reserves the right to perform an audit of the funds received under this contract in order to ensure Contractor's compliance with applicable federal regulations. 3.11.5 Contractor agrees to likewise monitor the effectiveness of the services and work to be performed by its subcontractors. 3.12 Compliance with All Applicable Laws and Regulations 3.12.1 Federal 3.12.1.1 Contractor agrees to comply with the following laws and the regulations issued thereunder as they are currently written or are hereafter amended during performance of this contract: 3.12.1.1.1 Title VI of Civil Rights Act of 1964 (42 USC 2000 et seq) 3.12.1.1.2 Title VIII of Civil Rights Act of 1968 (42 USC 3601 et seq) 3.12.1.1.3 Executive Orders 11063, 11246, as amended by 11375 and as supplemented by Department of Labor regulations (41 CFR, Part 60) 3.12.1.1.4 Section 504 of the Rehabilitation Act of 1973 (29 USC 794). 3.12.1.1.5 The Age Discrimination Act of 1975 (42 USC 6101 et seq) 3.12.1.1.6 National Environmental Policy Act of 1969 (NEPA) and the related authorities listed HUD's implementing regulations (24 CFR Part 58) 3.12.1.1.7 Immigration Reform and Control Act of 1986 (Pub. L. 99-603, 100 Stat. 3359, as amended) specifically including the provisions requiring employer verifications of legal worker status of its employees 3.12.1.1.8 Housing and Community Development Act of 1987 (Pub. L. 100-242, 101 Stat. 1815, as amended) 3.12.1.1.9 The Americans with Disabilities Act of 1990 (42 USC 12101 et seq.) 3.12.1.1.10 National Affordable Housing Act of 1990 3.12.1.1.11 The Drug Free Workplace Act of 1988 (24 CFR part 23, subpart F) 3.12.2 Contractor, in the operation of its program, will also comply with Office of Management and Budget Circular A-122 and attachments and revisions thereto, regarding principles for determining costs for CDBG-funded programs. 3.18 Indemnity 3.18.2 Contractor will maintain blanket fidelity coverage in the form of insurance or bond to insure against loss from the fraud, theft or dishonesty of any of Contractor's officers, agents, trustees, directors or employees. The proceeds of such bond shall be used to reimburse City for any and all loss of CDBG monies occasioned by such misconduct. To effectuate such reimbursement, such bond shall include a rider stating that reimbursement for any loss or losses thereunder shall be made directly to City for the uses and benefit of Contractor. 3.20 Insurance Requirements 3.20.2 Contractor shall furnish to the City certificates of insurance as proof that it has secured and paid for policies of commercial insurance as specified herein. Such insurance shall cover all insurable risks incident to on in connection with the execution, performance, attempted performance or nonperformance of this contract and agreement. 3.20.3 Contractor shall maintain the following insurance coverage and limits thereof: 3.20.2.1 Commercial General Liability Insurance (Policy should be endorsed to include Environmental Impairment Liability Insurance) $1,000,000 each occurrence $1,000,000 aggregate limit 3.20.2.2 Business Automobile Liability Insurance $1,000,000 each accident (policy shall be endorsed to cover "Any Auto". 3.20.2.3 Professional Liability Insurance (for errors and omissions) $500,000 each claim Note: This insurance shall cover the Contractor and any associated board members. 3.20.2.4 Workers' Compensation Insurance Part A: Statutory Limits Part B: Employer's Liability $500,000 each accident $500,000 disease - each employee $500,000 disease - policy limit Note: such insurance shall cover employees performing work on any and all public projects �:' .. including but not limited to construction, demolition, rehabilitation. Contractor or its sub- contractors shall maintain coverage. In the event the respective subcontractors do no maintain coverage, the Contractor shall maintain the coverage on such subcontractors for each applicable subcontract. 3.20.2.5 The City of Fort Worth shall be endorsed as an additional insured on all Contractors' insurance policies 1.6 Written Instrument is Entire Agreement 1.6.4 This contract amendment together with Contract No. 23745 on file at the City Secretary's office and the exhibits attached hereto, which are incorporated by reference and made a part of this agreement for all purposes, constitutes the entire contract by the parties hereto concerning the work and services to be performed under this agreement. Unless specifically amended herein, all terms of Contract No. 23745 shall remain unchanged and in full force and effect. IN WITNESS WHEREOF, the parties her111--day Dave executed our co ies of this contract in Fort Worth, Tarrant County, Texas, this of D AD 2000 APPROVED AS TO FORM AND LEGALITY: By: Asst. Cit Attorney ATTEST: CITY OF ORT WOR By: City Splcrary cc By: by Wat n, Assistant City Manager 2 Contra Authorization JA - /4-U ATTEST: LAKE COMO AREA COUNCIL By: /— , 'Zt.= Marl Sapp, Executive erector evil- ��fl' r_ a�fvl PiiN p,fir 8 _ Oslo STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Libby Watson, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of the City of Fort Worth and that she executed the same as the act of said City of Fort Worth for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this o� day of A.D. 1.9--'1-00d ----------------------- 4 RO$BLLA BARNIRS UM-�; NOTARY PUBLIC State of TonsComm. Exp STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Marla Sapp, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed, as the act and deed of the Lake Como Area Council, and in the capacity therein stated as its duly authorized officer or representative. -s�L GIVE 1 UND, R MY HAND AND SEAL OF OFFICE this day of A.D. GLORIA C. ACUNA Notary Public, State of Texas _ l� ��E Z`.� My Commission Expires OF' 11-04-DO Notary Public in and for the State of Texas +' , Ili - - 1 _ .. 9 EXHIBIT"A" LAKE COMO AREA COUNCIL PROGRAM SUMMARY DESCRIPTION: The Lake Como Area Council (LCAC) will provide staff, facilities, development services, acquisition and rehabilitation to implement the neighborhood revitalization strategy in the areas of economic development, community facilities, housing and training and employment. The period of performance is two years from the date of original contract execution. PROGRAM OBJECTIVES: To effect community development of the Lake Como Model Blocks as outlined in the neighborhood revitalization strategy for the area. The LCAC will undertake the following programs: ECONOMIC DEVELOPMENT by 1) the use of a Small Business Revolving Loan Fund to establish and/or expand local businesses 2) Encourage local businesses to employ local residents by subsidizing starting wages. COMMUNITY FACILITIES by 1) the establishment of a computer based training facility within the community HOUSING DEVELOPMENT through 1) New home construction through New Haven Partnership or other qualified builders 2) acquisition, rehabilitation and resale of homes to low and moderate income families. TRAINING AND EMPLOYMENT by 1) providing GED, TARS, office skills and computer software training to community residents 2) partnering with TCC and IPS Health Network to provide health related training to community residents. PROGRAM MEASURES: Economic Development 1. Low interest loans made to assist local businesses 5 Community Facilities 1. Construction of operation of neighborhood training 1 facility Housing 1. Acquisition, rehabilitation and resale of homes located 2 homes within the Model Blocks to low and moderate income families 2. New home construction. (New Haven Partnership) 12 Employment & Training 1. Provide computer-based (GED, TAAS, software, office 40 skills) training to community residents. 2. Provide health-related, job skills training to community 12 residents. 3. Increase employment opportunities for neighborhood 6 residents through wage subsidy to local employers EEK--, EXHIBIT"B" Total LCAC Training Housing Small Budget Operations Programs Programs Business RLF Funding Funding Funding Program Funding Personnel Cost Executive Director 30,FOO.001 30,000.00 Administrative Assistant Program Manager 25,000.00 25,000.00 Housing Program Manager 25,000.00 25,000.00 Clerical Staff 13,500.00 6,750.00 6,750.00 Contract Employment Services Teachers 36,000.00 36,000.00 Grant Writer FICA 7,150.00 3,575.00 1,787.50 1,787.50 Unemployment Tax-State 1,500.00 750.00 375.00 375.0 Workers Compensation 2,050.00 1,025.00 512.50 512.50 Health Insurance 13,152.00 6,576.00 3,288.00 3,288.00 Subtotal 153,352.00 84,676.001 37,713.00 30,963.00 Supplies Office Supplies 3,600.00 1,200.001 1,200.00 1,200.00 Postage 1,200.00 400.00 400.00 400.0 Teaching Aids Food Supplies Other Operating Supplies 1,787.00 1,200.00 587.0 Subtotal' 6,587.00 1,600.00 2,800.00 2,187.00 Operating Expenses Electric 2,520-00 1,260.00 1,260.00 Telephone 3,840.00 1,920.00 1,920.00 Gas Water/water Disposal Rent 4,500.00 4,500.00 Custodial Services Office Equipment Rental 4,564.00 4,564.00 Printing 1,800.00 300.00 1,500.00 Repairs 2,500.00 1,000.00 1,500.00 Fidelity Bond Liability Insurance 2,210.00 2,210.00 Legal&Accounting 1,200.00 1,200.00 Private Auto Allowance Marketing 5,500.00 3,500.00 2,000.00 Conferences&Seminars 2,000.00 2,000.00 Contractual Services Business Loans 50,000.00 50,000.00 Land acquisition 10,000.00 10,000.00 Property Acquisition 20,000.00 20,000.00 Architect&Engineer Rehab&Construction Cost 50,000.00 50,000.00 Survey Incentives 5,000.00 5,000.00 Specialized Training 5,000.00 5,000.00 Books 6,000.00 6,000.00 Computers 3,000.00 3,000.00 Furniture, Fixtures 4,300.00 4,300.00 Office Equipment Rental Other Equipment 13,777.00 3,770.00 10,007.00 Subtotal 197,711.00 26,224.00 41,487.00 80,000.00 50,000.00 Total $357,650.00 $112,500.00 $82,000.00 $113,150.00 $ 50,000.00 $357,650.00 Operating Budget $120,000.00 Office and Learning Center Construction funds $477,650.00 Amended Contract Total rr r ,., y tCi;:O ,E O C N O b U ¢ Z c� z ttt���CCC I J mac z <�;> 0 w H v w � -� c HT �CI6 E n n U U U U ❑ Z Z N C N LL O N O G) z c r- ; E co E U C7 20 O c z o Z Q W J _ fn cr C7 in 'o U) U o Z 4 � z Ot.0cu az c 'c E Q Q c LL, OJ J E a C7 O (Do m R m H -01 W O m E Z_W Z U) N N O ❑ N L 0 O W W O OU L UJB (nQ U7 Lil C ,C •U ; C C .0 CL. ❑ ❑ m � ¢ d (, U L O O Q n O U co L 9 ` J U to L SS c Sw c m F N w a d m H Q N w .c L W ti a N w cmc o E c D o t E c V O w r = O 2 c w x N E J z Z W c w a 3 m Y m � L x R E E o F- E p R E 0 LL L J N N E v Q E ¢ m is o rn E U LU CO v .3 `m `m = nom m w b a� c ° o E o o w o L L oCL J ❑ c E E U E 3 o c Z c •N .o o U E c C o 2 C y a o J N d t L L Lu .= Q O Y = o n Y .0—>- ,c y � EL X No 0o cr M Nc m m > co > � Ec rn U O a� U w O m ai O ai v N O O a w a ¢ a` a ¢ U a 2i CJ ¢ � 020 x ❑ U m ❑ w U m i t City of Fort Worth, Texas odor and Council Communication * f5a< l�R lAG NAME PAGE I&14IN G-12759 05LCAC 1 of 4 OF C08G AND HOME MODEL BLOCKS FUNDS FOR THE LAKE y CCtw,J AREA COUNCIL COMMUNITY DEVELOPMENT CORPORATION R Is raiR11r1rwWW VW If>t City Council authorize the City Manager to: I. AR MW CAW*ad No. 23745 with the Lake Como Area Council (LCAC) to reflect the addition of 8"1150 in HOME Paruwship Investment Program funds for a contract total of$477,650;and 2. T►antier 803,160 in HOME 10913 Lot Acquisition Funds to the Housing and Rehabilitation Center; tllnd Trw*W 862AW in Community Development Block Grant(CDBG)Year XX Model Blocks Housing +Mrd IiaNs0Waf10n ectAy funds to the CDBG Year XX Training and Employment Operating Support C~..WWI 4, T►an►fer 8120,000 in CDBG Year XX Model Blocks Economic Development Fund to a new CDBG Year XX Communty FaclNft,s Center, On Am a0, IW5,Via Lake Como Neighborhood Association received designation as a Model Blocks � area and an award of $1.2 million. Of this amount, a total of $785,500 was allocated to how" aCMrl- . kw*x V property acquisition, home improvement loans for owner-occupants, and Mlon send oop* r haWittati n 01 existing properties for first-lime homebuyers through City programs. TAr rarrrslranp 8414,500 was designated for program support, housing, economic development and �rorttartl and tratrwtg for the LCAC. ` 0dober 1907,Como's Neighborhood Revitalization SLategy was reviewed and approved by the U.S. GeowbwevA d Housing and Urban Development, and LCAC was recognized as a Community Based OrmIaptnertf OrgarutaLon(CBDO), The LCAC Development Corporation,the implementing arm of the Go m Modal blocks area.signed CDBG Contract No.23745 In the amount of$414,500 with the City In IMmh d 199 A atx=Twy of the proposal reads: ar) 87015,500 of LCAC's $1.2 million was set aside to be administered by the City for housing aCMIles. HUME funds in thb amount of $63,150, budgeted for lot acquisitions, is currently &*uMbb. The LCAC is requesting this amount be added to its current contract for the purpose d ea rinnp, r hab6lating and selling existing houses for homeownership. Recently, LCAC n,pooal,d and exeouled a partnership agreement with the Bank of America Community DeveMvTwv Corporation to develop now housing in the Como neighborhood. As a part of the aOr,,Rwill. Bank of America will provide funding (loans) for lot acquisition and construction. TAM mWevr "makes It po"t)le to reprogram the City funds from lot acquisition to another use. City of Fort Worth, Texas 41j,ayor And Council CoMm»nnication =ARF-A LOG NAME OSLCAC PAGE 2 Of Q ETCOMO, 759 ,NUMAPUFOBG AN9 HOME MODEL BLOCKS FUNDS FOR THE LAKE COMMUNITY DEVELOPMENT CORPORATION i b) T1s LCAC has also raachud an agreement with one of the local churches that has acquired and ftf>•wdried a buckling ewitaWe for a small computer and skill training center. The church has aq*W to wow the LCAC rent free use of this building to begin its computer based training program unW LCAC can build Its own facility. The goal of LCAC's employment and training program Is for 80 reridunts to receive computer based training on popular computer software, offloa "a artd coverage of the GED curriculum, over the next two years. Funds are also evedebis fa training 20 residents In health and health-related fields and for stipends to subsidize qu first yoar of employment In health related fields for the graduates of the training program. The LCAC Is also requesting that $62,500 in CDBG funds, currently budgeted for housing be roprogramawd to hire a manager for the computer and skills training center and !t an h Aructor for conVuter training. The CDBG regulations allow more flexibility in fund usagr tfwf Un HOME program, which accounts for the substitution of HOME funds for housing OevelOprtrM as diseased In section a above. W The LCAC NegPVx rhood Revitalization Strategy includes the acquisition of a structure to house LCAC e pemtiarwt olfwAs and the computer learning center as an economic development eovvty. $70,1x}0 was allocated for the acquisition and rehabilitation of an existing building, After much aearehing and evaluation, It was determined that the best course of action would be to btAd a rww faahty,which Is estimated to cost$120,000. The LCAC requests that an additional 1190,000 be progrwnmed from the neighborhood's CDBG Small Busir,ass Revolving Loan Fund b complete the funding requ red. This changes the learning center from an economic v deivkpmant activity, as defined by CDBG regulations, to that of a community facility. The ftff*NWV 150,000 In the revolving loan fund will be used to assist ten local businesses with Nara-up,expansion or Improvement with small business loans in conjunction with the Fort Worth Eoo nock Devekwont Corporatlon's micro lending program. TM repue"W dwVes vAl not affect the areas which were originally identified as most critical to the wrelosrs of M LCAC revAakzabon strategy: d • raining for Lake Como residents • ��and t • Naw buakwa devok prt'►ent and expansion of axisting area businesses. City of Fort Worth, Texas 41)ayjor and Council Comai-mumpycatka PLAT UMOER I LOG NAME PAGE /?11411 G-1;975905LCAC _ 3 of�IIMXMMI ; OBJ OF COUG AND HOME MODEL BLOCKS FUNDS FOR THE LA:E COMO AREA COUNCIL COMMUNITY DEVELOPMENT CORPORATION PRC;RAM BUDGET Original Reformulat, d Allocations Action ReQuested Allocation l9c~"r/ v"p4,wnt LCAC Offi"wW Conxrxuuty Facility $ 70,000 Move$70,000 to Community -0- Facilities Center avcih"Low Fund $100.000 Move$50,000 to Community $ 50.000 l Facilities Center 1170,000 $ 50,000 Canwnumily Far4huuu(Ntw Center) LCAC Off 4w wW Comrrwnity Facillty -0- Add$70,000 from Economic $ 70,OOC Development Center Add$50,000 from revolving fund $ 50.00f $120,00( Ernpioyrr»nt and Training HesWi-ReloW Trfk►krp $ 40,000 $ 40,OOC Wags s%wwI $ 15,000 $ 15,000 C01,9141M Lab $ 12,000 $ 12,000 Garp�Asr Tratrwtig $ 15_00 $ 15,000 ' $ 62,000 $ 82,000 LCAC Preiyam support $ 50,000 Add$62,500 from Housing $112,500 i Development and Rehabilitation ICenter � ►:.,.,...,,,w�,W,,,,,uwnv'kohabilltatton iwu..a:�uwrriOFatxalt $112,500 Move$62,500 to LCAC $ 50,000 Program Support Center NO*ii0i kxlds _0_ Add$63,150 in HOME funds 1 Q from Lot Acquisition to Housing Acquisition and Rehabilitation •��(�/� Center 111 TOTAL $414,500 $477,650 I` I I I City of Fort Worth, Texas 4Da avor and council Communication T REFERENCE NUMBER LOG NAME 05LCAC PAGE 4 of 4 12114M G-12759 susucar I REALLOCATION OF CDBG AND HOME MODEL BLOCKS FUNDS FOR COMO AREA COUNCIL COMMUNITY DEVELOPMENT CORPORATION The Lake Corno Model Block Is located In COUNCIL DISTRICT 7. The Safety and Community Development Committee approved this recommendation at Its November 9, 19N meeting. FISCAL INFORMATION/CERTIFICATION: The Fwwce Director certifies that upon approval of the above recommendations,funds will be available In the current operating budget,as appropriated,of the Grants Fund. LWA I 6"Mi w brCRY MAKEWS FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Otey M ta) 2)GR76 539120 052W 076970 63,150.00 Istby Wuwn 6163 3)GR76 539120 005206100740 $ 62,500.00 APPROVED ` ..e.ea find. 4)GR76 539120 00520610083 $120.000.00 CITY COUNCIL snanr Waau 7537 (mn,) - 0[C 14 1999 2)GR76 539120 005205107790 63.150.00 AddiderAi t 3)GR76 539120 005206100690 62,500.00 ,i A,..,•• 4)GR76 539120 005206100710 $120.000.00 C'rq of!n� !seat WNkn 7537 G!:r„!For!wor!h n