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AmendmenttoActionPlanɋOrdinance18156710/16/18JR
s:/legal/our documents/ordinances/18/action plan — rev 2
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AN ORDINANCE BY THE CITY OF DENTON AUTHORIZING THE CITY MANAGER TO
SIGN AND SUBMIT TO THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
A 2018 ACTION PLAN FOR HOUSING AND COMMUNITY DEVELOPMENT WITH
APPROPRIATE CERTIFICATIONS, AS AUTHORIZED AND REQUIRED BY THE
HOUSING AND COMMUNITY DEVELOPMENT ACT OF 1974, AS AMENDED, AND THE
NATIONAL AFFORDABLE HOUSING ACT OF 1990, AS AMENDED; AUTHORIZING THE
COMMUNITY DEVELOPMENT MANAGER AND COMMUNITY DEVELOPMENT
COORDINATOR TO SIGN RELEASE OF LIENS AND SUBORDINATION AGREEMENTS
UPON CERTAIN CONDITIONS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHER.EAS, the City of Denton is concerned with the development of viable urban
communities, including decent housing, a suitable living environment, and expanded economic
opportunities; and
WHEREAS, the City of Denton has a special concern for persons of law and moderate
income; and
WHEREAS, the City of I7enton, as a Cammunity Development Block Grant (CDBG)
Entitlement City and a Home Investment Partnerships (HOME) Participating Jurisdiction, has
prepared, through a citizen participation process, a program for utilizing its 2018-year entitlement
funds, program income, and reallocated funding from previous years in the approximate amount
of $1,713,717; and
WHEREAS, citizen participation requirements, including the halding af public hearings,
have been met; and
WHEREAS, the
Housing Act of 1990
Consolidated Plan; and
Community Development Act of 1974 and the National Affordable
require an application and appropriate certification included in the
WHEREAS, implementation af the Action Plan will require the execution of release of
liens or subordinatian agreements related to the financing provided therein; NOW THEREFORE:
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The findings and recitations cantained in the preamble of this ordinance are
incorporated herein by reference.
SECTION 2. The City Council of the City of Denton autharizes the City Manager to sign
and submit to the Department of Housing and Urban Development a 2018 Action Plan, and
appropriate certificatians for entitlement funds under the Housing and Community Develapment
Act of 1974, as amended, and the National Affardable Housing Act of 1990, as amended.
s:/legal/our documents/ordinances/18/action plan — rev 2
SECTION 3. The City Council of the City of Denton authorizes the Community
Development Manager to handle all fiscal and administrative matters related to the application,
the Action Plan, and the certifications, including any proportional increases or decreases in project
or program funding required to match allocation amounts.
�i;�s�"'1"I�.�fifi�S ��, The Community Development Manager and Community Development
Coordinator are hereby authorized to execute release of liens, as approved by the City Attorney's
Office, related to the funding provided through the Action Plan upon the full and complete payment
of any and all outstanding indebtedness and where borrower remains in full and complete
compliance with the residency requirements of the City-provided iinancing.
SECTION 5, The Community Development Manager and Community Development
Coordinator are hereby authorized to execute subordination, or similar, agreements, as approved
by the City Attorney's Office, related to the funding provided through the Action Plan upon the
refinancing of borrower's preexisting mortgage loan provided borrower is in full compliance with
the terms and conditions of the City-provided financing.
���� t�tw7�_�:�. The City Secretary is hereby authorized to furnish copies of the ordinance to
all interested parties.
SECTION 7. This ordinance shall become effective immediately upon its passage and
approval.
°" � ance was made by w���'�� and
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I�����������c��� ��� �� ��r��a�a�e t ls �� �� the ordinance was p sed and approved by
ca or m
seconalc�� Y� � �� � �"�. � �� �"
the fo1la��r����d�.� ���t� �__ �....�a.
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Aye Nay Abstain Absent
Mayor Chris Watts:
Gerard Hudspeth, District 1: �
Keely G. Briggs, District 2: �^�
Don Duff, District 3: ��^"��
John Ryan, District 4: �''"�
Dalton Gregory, At Large Place 5: '^�
Paul Meltzer, At Large Place 6: �
�— Y u��l.e� . . ............�.�.�.�._, 2018.
PASSED AND APPROVED this the ,5 /t da of _� m m m
s;/legal/our documents/ordinances/18/action plan — rev 2
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CHRIS WATTS, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
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���1����VED �.� TO LEGAL FORM:
AARON LEAL, CITY ATTORNEY
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