Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Agreement, the final form of which is subject to the approval of the Dept. of Law and the Div. of Grants and Special Programs, with New Beginnings, Bluegrass, Inc., under the HOME Investment Partnerships Program, to allocate $1,457,822 of Federal funds awarded under the American Rescue Plan Act (ARPA) to acquire and rehabilitate eight (8) units of housing and to provide housing and supportive services to individuals and households who are homeless, at risk of homelessness, or other vulnerable populations, and further authorizing the Mayor to execute any other amendments related to this Agreement. [Div. of Grants and Special Programs, Reynolds]
Summary
Authorization to execute Agreement with New Beginning Bluegrass, Inc. in the amount of $1,457,822 in Federal funds from the American Rescue Plan Act under the U.S. Department of Housing and Urban Development HOME Investment Partnerships Program. New Beginning Bluegrass, Inc. will use the funds to acquire and rehabilitate eight (8) rental units to provide housing and supportive services to individuals and households who are homeless, at risk of homelessness, and other vulnerable populations. Budget Amendment in process. (L0723-23) (Reynolds/Lanter)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Brittany Smith, 8/8/2023
Risk Management: N/A
Fully Budgeted: Budget Amendment to follow
Account Number: 3120-900235-0001-71101
This Fiscal Year Impact: $1,457,822
Annual Impact: $0
Project: AR_HOME_2022
Activity: FED_GRANT
Budget Reference:
Current Balance: Budget Amendment to follow
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute an Agreement, the final form of which is subject to the approval of the Department of Law and the Division of Grants and Special Programs, with New Beginnings, Bluegrass, Inc., under the HOME Investment Partnerships Program, to allocate $1,457,822.00 of Federal funds awarded under the American Rescue Plan Act (ARPA) to acquire and rehabilitate eight (8) units of housing and provide supporting services to individuals and households who are homeless or at risk of homelessness, or other vulnerable populations.
Section 2 -- That the Mayor, on behalf of the Urban County Government, is further authored to execute any necessary amendments related to this Agreement.
Section 3 -That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0723-23:BGS:X:\Cases\COMDEV\23-LE0001\LEG\00789079.DOCX