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 and authorize the Chair to sign an Amendment to the Interlocal Agreement with City of North Las Vegas, for CBE No. 606101-22, for FY2021/2022 Home Investment Partnerships (HOME) Program Funds; 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 and State Housing Grants |
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Fund Center: |
1080719000 |
Funded PGM/Grant: |
HOME22-FH-04 / 1080.FEDHOME.2022 HOME22-FH-03 / 1080.FEDHOME.2022 HOME22-SH-02 / 1080.NVHOME.2022 |
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Amount: |
No fiscal impact |
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Description: |
Home Investment Partnership (HOME) Program. |
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Additional Comments: |
Amendment No. 1 has no fiscal impact, for a total Contract amount of $826,378. |
BACKGROUND:
On June 21, 2022, the Board of County Commissioners (Board) approved the award of CBE No. 606101-22 for FY2021-2022 Home Investment Partnerships (HOME) Program Funds to City of North Las Vegas in the amount of $826,378 for housing related 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 through the Home Investment Partnership (HOME) Program.
The following are the pertinent provisions of the Agreement:
• The term of the Agreement was from July 1, 2021 through June 30, 2025.
• 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. The attached Amendment No. 1 document details the modifications involved.