CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Jessica Colvin, Chief Financial Officer Dagny Stapleton, Community Housing Administrator |
Recommendation:
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Approve and ratify an Amendment to the Interlocal Agreement with City of North Las Vegas, for CBE No. 605900-21, for Home Investment Partnerships (HOME) Program; and authorize the Chief Financial Officer or her designee to sign the Amendment; or take other action as appropriate. (For possible action)
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FISCAL IMPACT:
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Fund #: |
2011.000 |
Fund Name: |
HUD & State Housing Grants |
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Fund Center: |
1080719000 |
Funded PGM/Grant: |
1080.NVHOME.2021 |
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Amount: |
No fiscal impact |
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Description: |
Home Investment Partnership (HOME) Program |
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Additional Comments: |
The initial Agreement amount was $990,200. Amendment No. 1 has no fiscal impact. |
BACKGROUND:
On September 21, 2021, the Board of County Commissioners (Board) approved the award of CBE No. 605900-21 for Home Investment Partnership (HOME) Program to City of North Las Vegas in the amount of $990,200 for HOME-eligible program services including, but not limited to, assisting non-profit agencies to acquire, construct and/or rehabilitate rental housing units, assisting owner-occupants to rehabilitate their homes, and assisting first time home buyers.
The following are the pertinent provisions of the Agreement:
• The term of the Agreement was from date of award through June 30, 2024.
• Included the County’s option to terminate for cause, convenience or default and suspend the Agreement with advanced written notice.
Approval of Amendment No. 1 will extend the Agreement term through June 30, 2026. Amendment No. 1 document details the modifications involved.