2011-813 RESOLUTION NO. 2011 -813
A RESOLUTION AUTHORIZING THE CITY OF JANESVILLE TO ENTER INTO A
DEVELOPERS AGREEMENT WITH THE WISCONSIN PARTNERSHIP FOR
HOUSING DEVELOPMENT FOR THE PURPOSE OF UTILIZING NEIGHBORHOOD
STABILIZATION PROGRAM 3 GRANT FUNDING
This agreement entered into between the City of Janesville, a Wisconsin Municipal
Corporation, conducting its principal business at 18 North Jackson Street, Janesville, WI
53547 -5005 (hereinafter referred to as the "City "), and The Wisconsin Partnership for
Housing Development, a private, non - profit organization operating as provided in
Section 49.265 and other related provisions of the Wisconsin Statutes, as from time to
time amended or renumbered, conducting its principal business at 121 South Pickney
Street, Suite 200, Madison, WI 53703 (hereinafter referred to as the "Developer ").
WHEREAS, The Dodd -Frank Wall Street Reform and Consumer Protection Act of 2010
provided an additional $1 billion for the Neighborhood Stabilization Program (NSP) that
was originally established under the Housing and Economic Recovery Act of 2008.
WHEREAS, the Wisconsin Neighborhood Stabilization Program (hereinafter called
"WNSP ") is authorized under Title III of Division B of the Housing and Economic
Recovery Act (HERA), 2008 (Pub. L. 110 -289, approved July 30, 2008) for emergency
assistance for redevelopment of abandoned and foreclosed homes and residential
properties; and
WHEREAS, the City anticipates receiving funding under the WNSP program for the
purpose of stabilizing neighborhoods through the acquisition, demolition, rehabilitation,
and redevelopment of foreclosed properties; and
WHEREAS, the City and the Developer have determined that it would be mutually
beneficial to work collaboratively to implement the WNSP3 program; and
WHEREAS, the City will provide up to $600,000 in funding to the Developer for the
purpose of acquisition and rehabilitation of five residential properties and the
construction of one new residential property and such property will remain under the
ownership of the Developer; and
WHEREAS, the Developer will assist in identifying income eligible, potential
homebuyers; and
WHEREAS, the Developer agrees to adhere to all HUD rules and guidelines for NSP3;
and
WHEREAS, the Common Council hereby find that this program and partnership are of
benefit to and in the best interests of the City, its residents, businesses, and taxpayers.
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Janesville that they hereby authorize and direct the City Manager to enter into a
developer's agreement on behalf of the City of Janesville with the Wisconsin
Partnership for Housing Development for the purpose of utilizing Neighborhood
Stabilization Program 3 grant funding; and
BE IT FURTHER RESOLVED, that the City Manager, and /or his designees, are hereby
authorized to negotiate, draft, prepare, execute, file, and modify such other documents,
papers and agreements ancillary and /or pertaining hereto, and, from time to time, to
take and /or make whatever other minor actions and /or minor modifications to the above
described agreement(s) as the City Manager and /or his designee may deem necessary
and /or desirable to effectuate the purposes of such agreements, the program, and /or
the intent of this Resolution.
ADOPTED: June 27, 2011 Motion by: McDonald
Second by: Voskuil
APPR ED: Councilmember Aye Nay Pass Abse it
j'.s, Brunner X
i Dongarra -Adams X
nc J. Leo , ' ity anager Liebert X
McDonald X
ATTEST: Rashkin X
1OP
Steeber X
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.,....04/ Zif _..,..a Ai �.41(ir Voskuil X
Jean 4 n Wulf, City
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APPROVED AS TO FORM:
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Wald Klimczyk, City Attorney — = _ _ _
Proposed by Neighborhood Services `--W, = _
Prepared by: Neighborhood Development Specialist . W:- ,