The URL can be used to link to this page

Home My WebLink About2010-09-07 Resolution3C 1 Prepared by: Kevin O'Malley, Finance Director, 410 E. Washington St., Iowa City, IA 52240 (319)356-5053 RESOLUTION NO. 10-387 RESOLUTION SETTING PUBLIC HEARING ON AMENDING THE FY2011 OPERATING BUDGET. BE IT RESOLVED BY THE CITY COUNCIL OF IOWA CITY, IOWA, that a public hearing will be held in Harvat Hall, City Hall, 410 East Washington Street, at 7:00 p.m., September 21, 2010, or if said meeting is cancelled, at the next meeting of the City Council thereafter as posted by the City Clerk, to permit any citizen to be heard for or against the proposed amendment to the FY2011 Operating Budget. The City Clerk is hereby directed to give notice of said public hearing and time and place thereof by publication in the Iowa City Press-Citizen, a newspaper of general circulation in Iowa City, not less than ten (10) days and not more than twenty (20) days before the time set for such hearing. Passed and approved this 7th day of September , 20~. 1~~ ~7 MAYOR ATTEST: ~~. ~s i CI LERK Approved by It was moved by Mims and seconded by ('.ham= ; ~„ the Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: x Bailey ~ Champion x Dickens _~ Hayek _~ Mims g Wilburn ~ Wright f inad m Ves\operbd g 5-10. doc M kk~ 3c 2 Prepared by: Josh Slattery, Public Works, 410 E. Washington St., Iowa Ciry, IA 52240 (319) 356-5149 RESOLUTION NO. 10-388 RESOLUTION SETTING A PUBLIC HEARING ON SEPTEMBER 21, 2010 ON PLANS, SPECIFICATIONS, FORM OF CONTRACT, AND ESTIMATE OF COST FOR THE CONSTRUCTION OF THE TERRY TRUEBLOOD RECREATION AREA PHASE 2 IMPROVEMENTS PROJECT, DIRECTING CITY CLERK TO PUBLISH NOTICE OF SAID HEARING, AND DIRECTING THE CITY ENGINEER TO PLACE SAID PLANS ON FILE FOR PUBLIC INSPECTION. BE IT RESOLVED BY THE COUNCIL OF THE CITY OF IOWA CITY, IOWA: That a public hearing on the plans, specifications, form of contract, and estimate of cost for the construction of the above-mentioned project is to be held on the 21St day of September, 2010, at 7:00 p.m. in the Emma J. Harvat Hall, City Hall, Iowa City, Iowa, or if said meeting is cancelled, at the next meeting of the City Council thereafter as posted by the City Clerk. 2. That the City Clerk is hereby authorized and directed to publish notice of the public hearing for the above-named project in a newspaper published at least once weekly and having a general circulation in the City, not less than four (4) nor more than twenty (20) days before said hearing. 3. That the copy of the plans, specifications, form of contract, and estimate of cost for the construction of the above-named project is hereby ordered placed on file by the City Engineer in the office of the City Clerk for public inspection. Passed and approved this 7th day of September , 20 10 -~ MAYOR Approved by ATTEST: y ~Ck~ ~'~u,~n~,l~~-~,- CIT LERK City Attorney's Office ~~r~iv pwenglres\setph-Trueblood RecArea.doc Resolution No. ~ n-~~a Page 2 It was moved by na;,,,G and seconded by Champion the Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: x X ~- x x X ~- Bailey Champion Dickens Hayek Mims Wilburn Wright wpdata/glossary/resolution-ic.doc M+~ 3~ a) Prepared by: Sara Greenwood Hektoen, Assistant City Attorney, 410 E. Washington St., Iowa City, IA 52240 (319) 356-5030 RESOLUTION NO. 10-389 RESOLUTION SETTING A PUBLIC HEARING ON OCTOBER 11, 2010 ON THE PROPOSED PARTIAL VACATION OF JJR DAVIS ADDITION FINAL PLAT AND CONVEYANCE OF THE VACATED RIGHT-OF-WAY TO DEALER PROPERTIES IC, LLC AND DIRECTING THE CITY CLERK TO PUBLISH NOTICE THEREOF. BE IT RESOLVED BY THE COUNCIL OF THE CITY OF IOWA CITY, IOWA: That a public hearing on the proposed partial vacation of JJR Davis Addition Final Plat and the conve~rance of the vacated City View Drive to Dealer Properties IC, LLC is to be held on the 11t day of October, 2010, at 7:00 p.m. in the Emma J. Harvat Hall, City Hall, Iowa City, Iowa, or if said meeting is cancelled, at the next meeting of the City Council thereafter as posted by the City Clerk. 2. That the City Clerk is hereby authorized and directed to publish notice of the public hearing for the above-named project in a newspaper published at least once weekly and having a general circulation in the City, twice with fourteen days between publications before said hearing pursuant to Iowa Code Section 354.22. 3. That it is proposed that the conveyance of City View Drive would be made without compensation to the City, as it is of no public benefit, has never been accepted by the City or open to the public, and will be conveyed to the party who originally dedicated it to the City. Passed and approved this 7th day of September , 20~. . ~\ MAYOR ATTEST: ~1Q~.e et~ ~C ~~LLL CIT CLERK Ap oved by c` ~~,... City Attorney's Office ~ ~ ~ ~ f a Resolution No. 10-389 Page 2 It was moved by Mims and seconded by C:ham~i on the Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: ~.- x X X .~- x Bailey Champion Dickens Hayek Mims Wilburn Wright wpdata/glossary/resolution-ic. d oc M-kl 5b Prepared by: Christina Kuecker, Associate Planner, 410 E. Washington St., Iowa City, IA 52240 (319) 356-5243 RESOLUTION NO. 10-390 RESOLUTION ADOPTING REVISED IOWA CITY HISTORIC PRESERVATION HANDBOOK WHEREAS, the City Code provides for the designation of historic and conservation districts and historic landmarks in order to protect and preserve the City's architectural and historic resources; and WHEREAS, one goal and objective of the Iowa City Historic Preservation Plan, incorporated into the Iowa City Comprehensive Plan, is to streamline, clarify, and simplify the historic preservation review process; and WHEREAS, the Iowa City Historic Preservation Commission and City Staff have revised the Iowa City Historic Preservation Handbook to implement said goals and objectives; and WHEREAS, the Historic Preservation Commission voted 9-0 (Thomann absent) to recommend approval of the revised Iowa City Historic Preservation Handbook at the May 13, 2010 meeting; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA, THAT: the Iowa City Historic Preservation Handbook, as revised, is on file in the Office of Planning and Community Development, and is hereby approved and adopted as to form and content, and supercedes the previous Iowa City Historic Preservation Handbook. Passed and approved this 7th day of September 2010 _~ ~ MAYOR ATTEST:~I~._~ CIT LERK Approved by ~~ a City Attorney's Office g (,~~ ~ Resolution No. 10-390 Page 2 It was moved by Wright and seconded by Champion the Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: X ~- x x x X ~_ Bailey Champion Dickens Hayek Mims Wilburn Wright wpdata/glossary/resolution-ic. doc cv- ~~~~/ G~ Prepared by: Christina Kuecker, Assoc. Planner, 410 E Washington St., Iowa City, IA 52240 (319)356-5243 (SUB10-00008) RESOLUTION NO. RESOLUTION APPROVING THE PRELIMINARY AND FINAL PLAT OF D 8~ D BILLION ADDITION, IOWA CITY, IOWA. WHEREAS, the owner, Billion Auto, filed with the City Clerk, an application for the preliminary and final plat of D & D Billion Addition, Iowa City, Iowa; and WHEREAS, the Department of Planning and Community Development and the Public Works Department examined the preliminary and final plat and recommended approval, subject to the vacation and conveyance of City View Drive; and WHEREAS, the Planning and Zoning Commission examined the preliminary and final plat and, after due deliberation, recommended acceptance and approval of the plat subject to the vacation and conveyance of City View Drive; and WHEREAS, the 60 day limitation date is September 11; and WHEREAS, the vacation and conveyance of City View Drive has not been approved by the City Council, therefore Staff now recommends denial of this resolution. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA, THAT: the preliminary and final plat of D & D Billion Addition, Iowa City, Iowa is hereby approved. Passed and approved this day of 20 MAYOR ATTEST: CITY CLERK Approved by City Attorney's Office 91311y M-I Prepared by Susan Craig, Library Director, 410 E.Washington, Iowa City, Iowa, (319) 356-5241 RESOLUTION NO. i n-391 RESOLUTION AMENDING THE BUDGETED POSITIONS IN THE IOWA CITY PUBLIC LIBRARY. WHEREAS, Resolution No. 10-87 adopted by the City Council on March 23, 2009, authorized permanent positions in the Iowa City Public Library for FY11; and WHEREAS, the Iowa City Public Library has signed a contract for service with the University of Iowa to provide access to children's literature materials to students and faculty in the Department of Education and the School of Library and Information Science; and WHEREAS, the Library desires to add ten hours (one-quarter time FTE) each to two current part-time positions in the Children's Services Department for a total increase of .5FTE in order to support the contracted service and to provide additional services to the Library's primary constituency, Iowa City residents; and WHEREAS, said change of adding .25 Librarian II, and .25 Library Assistant III will be funded from contract income; and WHEREAS, said change will benefit Library users. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA THAT: The budgeted positions in the Iowa City Public Library be amended by: 1. The addition of the following positions: .25 Librarian II .25 Library Assistant II I Passed and approved this 7th day of ~ptember , 201_• ATTEST: CI LERK ~Act~Z~c-~ n MAYOR Approv d by ~~~~ City Attorney's Office Lib\res\positionsl1.doc Resolution No. 10-391 Page 2 It was moved by Bailey and seconded by wrl,ght the Resolution be adopted, and upon roll call there were: AYES: NAYS: ABSENT: ~- x x x ~_ .~- X Bailey Champion Dickens Hayek Mims Wilburn Wright wpdata/glossary/resolution-ic. doc 10 Phone: (379) 3565400 FAX: (319 356.5459 u ~ ~ n TDD: (319) 356.5404 U T H O R I T Y 41 Q ~. I~a.rhirf~ton .Street • Iowa City I ou ~a • 5224U • 1826 Date: September 2, 2010 To: City Council From: Steven J. Rackis, Housing Administrator, Iowa City Housing Authority Re: Public Housing Assessment System (PHAS) Management Operations Certification The Public Housing Assessment System (PHAS) Management Operations Certification is required by the Department of Housing and Urban Development (HUD) 24 CFR 902.9 and evaluates the performance of the Iowa City Housing Authority in major areas of management operations. The full submission is attached to this memo View Print Full Submission Page 1 of 5 Management Assessment for Public Housing Agencies View/Print Full Submission PHA Code : IA022 FYE : 06/30 Fiscal Year : 2010 PHA Name : City of Iowa City Housing Authority Submission Type : SubmISSiOn Status : Draft Inbox ~ Unit Turnaround ~ Capital Fund ~ Work Orders ~ Annual Inspection ~ Security ~ Econ. Self-Suff Sub-Indicator 1: Vacant Unit Turnaround Time ELEMENT DESCRIPTION AMOUNT V12400 Total number of turnaround days. 1 ,522 Total number of vacancy days exempted for Capital 1 036 V12500 Fund. , Total number of vacancy days exempted for other 63 V12600 reasons. Total number of vacant units turned around and lease in 23 V12700 effect in the PHA's immediate past fiscal year. Average number of calendar days units were in down 1 35 V12800 time. . Average number of calendar days units were in make 8 22 V12900 ready time. Average number of calendar days units were in lease up 11 57 V13000 time. . V13100 Average Unit Turnaround Days. 18.39 [Top of Page] Sub-Indicator 2: Capital Fund ELEMENT DESCRIPTION Do you have any open Capital Fund programs(e.g. CGP, CF10000 HOPE VI)(Y/N)? Open =any program that does not have a pre-audit end date or that received apre-audit end date during the fiscal year being assessed. Component 1: Unexpended Funds Over Three Federal Fiscal Years (FFYs) OI Total funds authorized over 3 FFYs old that do not have CF10050 apre-audit end date or that received apre-audit end date during the fiscal year being assessed. Total funds expended over 3 FFYs old that do not have CF10100 apre-audit end date or that received apre-audit end date during the fiscal year being assessed. CF10200 Unexpended funds to be recaptured (enter dollar amt). AMOUNT yes d $ 0.00 $ 0.00 $ 0.00 https://hudapps.hud.gov/HUD_Systems/mass/mass_view_print_full... 8/27/2010 View Print Full Submission Page 2 of 5 CF10300 Unexpended funds approved by HUD over 3 FFYs old $ 0.00 (enter dollar amt). CF10400 Unexpended funds with time extensions due to reasons $ 0.00 outside of PHA control (enter dollar amt). CF10500 Adjusted total unexpended funds. $ 0.00 Component 2: Timeliness of Fund Obligation CF11100 Total funds authorized for grants over 2 FFYs old. $ 151,567.00 CF11200 Total funds obligated over 2 FFYs old. $ 151,567.00 Unobligated funds approved by HUD over 2 FFYs old $ 0 00 CF11300 (enter dollar amt). . Unobligated funds with time extensions due to reasons $ 0 00 CF11400 outside of PHA control (enter dollar amt). . CF11500 Adjusted total unobligated funds. $ 0.00 Component 3: Adequacy of Contract Administration The date of last HUD/Army Corps of Engineers on-site CF11700 inspection and/or audit related to contract 10/21 /2002 administration (include A133 audit). The number of findings related to contract 0 CF11800 administration. The number of findings related to contract 0 CF11900 administration that have been corrected by the PHA. The number of findings related to contract CF12000 administration that the PHA is in the process of 0 correcting. Component 4: Quality of the Physical Work Date of last HUD/Army Corps of Engineers on-site CF12200 inspection and/or audit related to quality of the physical 10/21 /2002 work. The number of findings related to the quality of the 0 CF12300 physical work. The number of findings related to the quality of the 0 CF12400 physical work that have been corrected by the PHA. The number of findings related to the quality of the CF12500 physical work that the PHA is in the process of 0 correcting. Component 5: Budget Controls CF12700 Total amount of Capital Funds expended during the $ 318,235.05 PHA fiscal year being assessed. The amount of Capital Funds expended on approved CF12800 work items not subject to budget revisions during the $ 318,235.05 PHA fiscal year being assessed. The amount of Capital Funds expended under budget CF12900 revisions with prior HUD approval during the PHA fiscal $ 0.00 year being assessed. The amount of Capital Funds expended under budget CF13000 revisions not requiring prior HUD approval during the $ 0.00 PHA fiscal year being assessed. https://hudapps.hud.gov/HUD_Systems/mass/mass_view_print_full... 8/27/2010 View Print Full Submission [Top of Page] Sub-Indicator 3: Work Orders Page3of5 ELEMENT DESCRIPTION AMOUNT Component 1: Emergency Work Orders W10000 Total number of emergency work orders. 10 Total number of emergency work orders completed I 10 W10100 abated within 24 hours. Percentage of emergency work orders completed / 00% 100 W10200 abated within 24 hours. . Component 2: Non-Emergency Work Orders W10500 Total number of non-emergency work orders. 121 Total number of calendar days it took to complete non- 41 1 W10600 emergency work orders. Average number of days PHA has reduced the time it W10700 takes to complete non-emergency work orders over the 0.00 past three years. W10800 Average completion days. 3.40 [Top of Page] Sub-Indicator 4: Annual Inspection of Dwelling Units and Systems ELEMENT DESCRIPTION Component 1: Annual Inspection of Dwelling Units A10000 The total number of ACC units. The sum of units exempted where the PHA made two A10100 documented attempts to inspect and is enforcing the lease. A10200 Vacant units exempted for Capital Fund. A10300 Vacant units exempted for other reasons. Total number of units inspected using the Uniform A10400 Physical Condition Standards (UPCS). Total number of units inspected that did not require A10550 repairs. The number of units where necessary repairs were completed to comply with UPCS either during the A10600 inspection, issued work orders for the repairs, or referred the deficiency to the current year's or next year's Capital Fund program. A10700 Adjusted units available. A10800 Percent of units inspected by PHA. AMOUNT 81 0 0 1 80 55 25 80 100.00% https://hudapps.hud.gov/HUD_Systems/mass/mass_view_print_full... 8/27/2010 View Print Full Submission Page 4 of 5 Component 2: Annual Inspection of Systems Including Common Areas and Non-Dwelling Space A11100 Total number of projects. 1 A11200 Total number of projects exempted from the inspection 0 of systems. A11300 The total number of projects where all systems were 1 inspected in accordance with the UPCS. A11400 Total number of buildings. 53 Total number of buildings exempted from the inspection 1 A11500 of systems. Total number of buildings where all systems were 52 A11600 inspected in accordance with the UPCS. The number of buildings and projects where necessary repairs were completed to comply with UPCS either A11700 during the inspection, issued work orders for the 0 repairs, or referred the deficiency to the current year's or next year's Capital Fund program. A11800 Percentage of projects inspected. 100.00% A11900 Percentage of buildings inspected. 100.00% [Top of Page] Sub-Indicator 5: Security ELEMENT DESCRIPTION AMOUNT Component 1: Tracking and Reporting Crime-Related Problems The date that the Board adopted current policies to 01/08/2002 S10000 track crime and crime-related problems. S10100 The date that the PHA implemented the current 01 /08/2002 procedures to track crime and crime-related problems. The date that the PHA implemented a current S10200 cooperative system for tracking and reporting crime to 01 /08/2002 local police authorities. The number of crimes that the PHA can document it 0 S10300 reported to local police authorities. Percentage of developments where PHA can document 100 00% S10400 it tracks crime and crime-related problems. . Component 2: Screening of Applicants S10500 The date the Board adopted current screening policies 04/01 /2008 that reflect the applicable criteria. S10600 The date the PHA implemented current screening 04/01 /2008 procedures that reflect the applicable criteria. PHA can document that current screening procedures S10700 result in successfully denying admission to applicants yes who meet the applicable criteria (enter Yes or No). The total number of applicants denied who met the 11 S10800 applicable criteria https://hudapps.hud.gov/HUD_Systems/mass/mass_view_print_full... 8/27/2010 View Print Full Submission Component 3: Lease Enforcement The date the Board adopted current eviction policies S10900 that reflect the applicable criteria. The date the PHA implemented current eviction S11000 procedures that reflect the applicable criteria. PHA can document that eviction screening procedures S11100 resulted in the evicting of residents who meet the applicable criteria (enter Yes or No). The total number of evictions as a result of the S11200 applicable criteria. Component 4: Drug Prevention and/or Crime Reduction Program Goals The number of HUD-funded drug prevention and/or S11350 crime reduction programs. The number of non HUD-funded drug prevention and/or S11450 crime reduction programs that the PHA requests to be assessed. The number of documented program goals that are S11550 related to drug-prevention and/or crime reduction. The number of goals the PHA can document it met S11600 under the implementation plans(s) for any and all of these programs. Percentage of goals that the PHA can document it met S11700 under the implementation plans(s) for any and all of these programs. [Top of Page] Sub-Indicator 6: Economic Self-Sufficiency ELEMENT DESCRIPTION The number of HUD-funded economic self-sufficiency E10000 programs. The number of non HUD-funded economic self- E10100 sufficiency programs that the PHA requests to be assessed. The number of documented program goals that are E10200 related to economic self-sufficiency. The number of goals the PHA can document it met E10300 under the implementation plan(s) for any and all of these programs. Percentage of goals that the PHA can document it met E10400 under the implementation plan(s) for any and all of these programs. (Top of Page] Page5of5 04/01 /2008 04/01 /2008 yes 0 0 0 0 0 0.00% AMOUNT 1 0 3 3 100.00% Comments or Questions? Please go to Technical Assistance Center or Contact MASS https://hudapps.hud.gov/HUD_Systems/mass/mass_view_print_full... 8/27/2010 M~~ Prepared by: Steve Rackis, Hsg. Administrator, 410 E. Washington St., Iowa City, IA 52240 319-356-5407 RESOLUTION NO. i 0-392 RESOLUTION APPROVING THE PUBLIC HOUSING ASSESSMENT SYSTEM (PHAS) MANAGEMENT OPERATIONS CERTIFICATION OF THE IOWA CITY HOUSING AUTHORITY FOR FY10. /a WHEREAS, the Public Housing Assessment System (PHAS) implements 42 U.S.C. §1437d(j) and evaluates the performance of public housing agencies in major areas of management operations; and WHEREAS, the Department of Housing and Urban Development requires formal approval of a written certification showing compliance with federal regulations; and WHEREAS, said written certification is on file in the office of the Housing Administrator; and WHEREAS, it is in the best interest of the City of Iowa City to continue participation in the Public Housing Program. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA, in its capacity as the City of Iowa City Housing Authority that the PHAS Certification be approved. Passed and approved this 7th day of September , 20~Q_• ATTEST: ~- t CIT ERK It was moved by Mims and seconded by wr; ght _ the Resolution be adopted, and upon roll call there were: AYES: x x X ~_ ~- x x ~~~~~ MAYOR Approved by ~~ ~ t ~<c~ City Attorney's Office ABSENT: NAYS: Bailey Champion Dickens Hayek Mims Wilburn Wright g:\data\wpdata\h i sassl\res\phascer. doc Mkt 11 Prepared by: Steve Long, CD Coordinator, 410 E. Washington Street, Iowa City, IA 52240, (319) 356-5250 RESOLUTION NO. 10-'~9~ RESOLUTION ADOPTING IOWA CITY'S COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) AND HOME INVESTMENT PARTNERSHIPS PROGRAM (HOME) INVESTMENT POLICIES AND RESCINDING RESOLUTION NO. 07-19. WHEREAS, the U.S. Department of Housing and Urban Development allows the City of Iowa City, Iowa, flexibility on the allocation and investment of CDBG and HOME funds; and WHEREAS, the Iowa City City Council established specific investment policies for the use of the CDBG and HOME funds for public facilities, public service, housing and economic development activities via Resolution 07-19; and WHEREAS, the Iowa City Housing and Community Development Commission has discussed and recommended revising the investment policies for the use of CDBG and HOME funds; and WHEREAS, adoption of the CDBG and HOME investment policies defined herein are applicable to current and future CDBG and HOME funded projects; and WHEREAS, the City Council finds that the public interest will be served by the adoption of CDBG and HOME investment policies. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF IOWA CITY, IOWA, THAT: The City of Iowa City City Council hereby approves and adopts the CDBG and HOME investment policies shown in Exhibit A which are applicable to current and future CDBG and HOME funded projects. 2. The City Manager is hereby authorized to execute, terminate or amend CDBG and/or HOME Agreements entered into in connection with the allocation of public funds with subrecipients, Community Housing Development Organizations (CHDOs) or other legal entities. 3. Resolution No. 07-19 is rescinded. Passed and approved this 7th day of September , 2014_. ~~~~~ ~ MAYOR Approved by Fs-3r-~c~ ATTEST: ~ CI ERK City Attorney's Office wpdata/pcd cdby/res/cdbghomepolicies.doc Resolution No 10-393 Page 2 It was moved by Ra; i e~ and seconded by Wright the Resolution be adopted, and upon roll call there were: AYES: X ~- x x X ~- ~- NAYS: ABSENT: Bailey Champion Dickens Hayek Mims Wilburn Wright wpdata/glossary/resolution-ic. doc DRAFT EXHIBIT A CDBG AND HOME PROGRAM INVESTMENT POLICIES Economic Development Economic development projects making application to the CDBG Economic Development Fund will be reviewed by the Council Economic Development Committee. The Council Economic Development Committee will make a recommendation to the City Council for each project proposed for funding. Said recommendation shall include the amount of CDBG assistance to be allocated and the terms of investment. Typically, for-profit business projects will receive low-interest loans; whereas, non-profits may be recommended for forgivable loans or grants. Decisions regarding investment terms for economic development projects will be made based on the nature of the project including, but not limited to, the risk, potential for growth, the number of and quality of jobs created for low-moderate income persons, the ability to repay a loan and the amount of other funding leveraged. Housing Rental Housing. Except as noted below, the interest rate for rental housing activities will be zero percent (0%) for non-profit owned projects and prime rate (determined at the time the CDBG\HOME agreement is executed by the City) minus two points for for-profit owned projects with an amortization period up to thirty (30) years or the period of affordability, whichever is less. Homeownership. Each year Iowa City adopts resale/recapture provisions that apply to all HOME assisted homebuyer projects. The recapture/resale provisions shall be the same for both CDBG and HOME assisted homebuyer projects. These provisions are set forth in the Annual Action Plan for the year the funds were allocated to the Subrecipient/Recipient. Tenant Based Rental Assistance (TBRA). All HOME funds provided for TBRA will be in the form of a grant. Exceptions. The City may grant a different interest rate and/or a different repayment option based on the nature of the project including, but not limited to, the revenue generated, the ability to repay a loan, the type of housing provided, the beneficiaries, the amount of other funding leveraged and the location of the site. Public Facilities The City of Iowa City, as the recipient of Community Development Block Grant (CDBG) funds, utilizes these funds for "public facilities" projects as defined in 24 CFR 570.201 (c) that are completed by the City and\or subrecipents. The following policy applies to CDBG assistance provided to non-governmental subrecipients ("governmental" includes only jurisdictions with taxing authority as provided for in Iowa Code). DRAFT Projects that receive an allocation by the City of Iowa City will receive an earned grant, as defined herein, which will be secured by a mortgage or other comparable security instrument. The compliance term of the earned grant will be determined by the formula also provided herein. At the end of the applicable compliance term the lien or other security instrument will be released by the City. If the real property is leased, the lease shall be for a period that matches or exceeds the compliance term of the earned grant. Earned Grant: A lien against the real property being assisted, or other comparable security, which is repaid only upon transfer of title, rental of the property, or Termination of services or occupancy as outlined in the applicable CDBG Agreement. If the subrecipient fully satisfies the terms outlined in the applicable CDBG Agreement the mortgage against The property, or other security instrument, will be released by the City following the completion of the compliance period that begins on the date of execution of the mortgage or security instrument. Earned Grant Formula: The total amount of CDBG assistance allocated to a subrecipient in any one City fiscal year fora "public facility".project divided by $10,000 equals the number of CDBG compliance years for The Earned Grant. (For example: $20,000 in CDBG assistance divided by $10,000 would equal a compliance term of 2 years or 24 months). If the Earned Grant Formula results in a compliance term of less than one year (12 months) the minimum compliance term shall be one year (12 months). The maximum compliance term for any CDBG assistance shall be no more than twenty (20) years. Public Service Public Service projects as defined in 24 CFR 570.201 (e) shall receive CDBG assistance in the form of a grant with a term of not less than one year. W pd/ppdcd bg/proinvestpol icies08/10