2013-996 RESOLUTION NO. 2013 -996
A RESOLUTION AUTHORIZING THE CITY OF JANESVILLE TO ENTER INTO A
DEVELOPER'S AGREEMENT WITH THE WISCONSIN PARTNERSHIP FOR
HOUSING DEVELOPMENT FOR THE PURPOSE OF NEIGHBORHOOD
STABILIZATION EFFORTS UNDER THE NEIGHBORHOOD STABILIZATION
PROGRAM 1 AND NEIGHBORHOOD STABILIZATION PROGRAM 3
WHEREAS, this City of Janesville Neighborhood Services Department desires to enter
into an agreement by and 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 "); and
WHEREAS, the City has received grant funding under the U.S. Department of Housing
and Urban Development Neighborhood Stabilization Program (NSP) and Neighborhood
Stabilization Program 3 (NSP3), which are administered through the State of Wisconsin
Department of Administration for the purpose of stabilizing neighborhoods through the
acquisition, demolition, rehabilitation, and redevelopment of foreclosed properties; and
WHEREAS, the City and the Developer have previously entered into agreements for the
purpose of utilizing NSP3 grant funding (Resolution #2011 -813) and the purpose of
rehabilitating 403 Lincoln Street (Resolution #2012 -919); and
WHEREAS, the City and the Developer have determined that it would be mutually
beneficial to work collaboratively to implement the NSP and NSP3 programs; and
WHEREAS, the City will provide $275,000 in grant funding and program income from
the sale of homes through the NSP 1 and the NSP 3 Grants to the Developer and allow
the Developer to retain sale proceeds from the sale of 176 Lincoln Street and 403
Lincoln Street and other projects rehabilitated and resold for the purpose of acquisition
and rehabilitation of six residential properties 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 NSP1
and NSP3;
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Janesville that they hereby authorize and direct the City Manager, on behalf of the City
of Janesville, to enter into a developer's agreement with the Wisconsin Partnership for
Housing Development for the purpose of utilizing Neighborhood Stabilization Program 1
and 3 grant funding; and
BE IT FURTHER RESOLVED, that the City Manager, and his designees, are hereby
authorized to negotiate, draft, prepare, execute, file, and modify such other documents,
papers, and agreements ancillary and /or pertaining thereto and, from time to time, to
take and /or make whatever other minor actions and /or minor modifications to the above
described agreements as the City Manager and /or his designee may deem necessary
and /or desirable to effectuate the purposes of such agreements and /or the intent of this
resolution.
ADOPTED: April 8, 2013 Motion by: Liebert
/ Second by: Severson
APPROVED: Councilmember Aye Nay Pass Absent
/ Dongarra -Adams X
Farrell X
Eric J. Lefltt, City ii'a•er Kealy X
Liebert X
ATTEST: Severson X
Steeber X
Voskuil X
Je, Ann Wulf, ' ity Clerk- Treasur:
APPROVED AS TO FORM:
Wald Klimczyk, City Attorney
Proposed by: Neighborhood Services
Prepared by: Neighborhood Development Specialist
and City Attorney