File #: 2020-124    Version: 1 Name:
Type: Contract Status: Approved
File created: 3/31/2020 In control: City Council
On agenda: 4/6/2020 Final action: 4/6/2020
Title: Contract & Property Conveyance - Cedrow Subdivision City Council is requested to approve the following two items in order to continue infill housing development efforts in the City. 1. Conveyance of the following lots to Community Housing Solutions: 1477 Cedrow Drive; 1481 Cedrow Drive; 1485 Cedrow Drive & 1489 Cedrow Drive 2. Approval of a contract with Community Housing Solution in the amount of $200,000.00 to provide gap financing needed to build four homes in phase one of the Cedrow Subdivision. The conveyances and the construction contract will facilitate affordable housing in accordance with HUD regulations and serve a public purpose.
Attachments: 1. 2. Conveyance of Property & Contract

Title

Contract & Property Conveyance - Cedrow Subdivision

City Council is requested to approve the following two items in order to continue infill housing development efforts in the City.

 

1.                     Conveyance of the following lots to Community Housing Solutions:

1477 Cedrow Drive; 1481 Cedrow Drive; 1485 Cedrow Drive & 1489 Cedrow Drive

 

2.                     Approval of a contract with Community Housing Solution in the amount of $200,000.00 to provide gap

financing needed to build four homes in phase one of the Cedrow Subdivision.

 

The conveyances and the construction contract will facilitate affordable housing in accordance with HUD

regulations and serve a public purpose.

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