2012-919 RESOLUTION NO. 2012 -919
A Resolution Authorizing the City of Janesville to enter into a Developer's
Agreement with the Wisconsin Partnership for Housing Development, Inc. for the
Purpose of Rehabilitating the home at 403 Lincoln Street under the Neighborhood
Stabilization Program.
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 City has received funding under the Neighborhood Stabilization Program (NSP) for the
purpose of stabilizing neighborhoods through the acquisition, demolition, rehabilitation, and
redevelopment of foreclosed properties; and
WHEREAS, The Developer has expressed a willingness to rehabilitate the 2 -unit residential property at
403 Lincoln Street and convert this property into a single family home under the Neighborhood
Stabilization Program; and
WHEREAS, the Owners of the property have expressed a desire to deed the property to the Developer
for rehabilitation and resale; and
WHEREAS, the City will provide up to $109,622 in funding to the Developer for the purpose of acquisition
and rehabilitation of the residential property located at 403 Lincoln Street and such property will remain
under the ownership of the Developer; and
WHEREAS, The rehabilitation and conversion of the property into a single family home is consistent with
the City of Janesville Look West and Old Fourth Ward Neighborhood Revitalization Plans and the City of
Janesville Comprehensive Plan, which call for the revitalization of neighborhoods that have experienced
decline and for the City to acquire vacant, dilapidated, and tax - delinquent properties for rehabilitation and
resale to increase owner - occupancy and promote continued investment in existing neighborhoods; and
WHEREAS, the Developer will identify income eligible, potential homebuyers; and
WHEREAS, the Developer agrees to adhere to all HUD rules and guidelines for the NSP; 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 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.
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ADOPTED: June 11, 2012 Motion by: Steeber
Second by: Liebert
APPR ED : Councilmember Aye Nay Pass Absent
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�� � Dongarra -Adams X
1'� ° Farrell X
Eric J. Le l City Manager Kealy X
/ Liebert X
ATTEST: Severson X
Steeber X
..•��/�� m Voskuil X
Jea nn Wulf, City Clerk- Treasurer
APPROVED AS TO FORM:
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Wald Klimczyk, City Attorney - °"---
Proposed by: Neighborhood Services .` , , `
Prepared by: Neighborhood Services Director `"
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