CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Jessica Colvin, Chief Financial Officer Dagny Stapleton, Community Housing Administrator |
Recommendation:
title
Approve an Amendment to the Interlocal Agreement with City of North Las Vegas, for CBE No. 606736-23, for SFY-2024 Account for Affordable Housing Trust Fund (AAHTF) Program Funds; 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: |
Account for Affordable Housing Trust Funds State of NV |
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Fund Center: |
1080719000 |
Funded PGM/Grant: |
1080.AAHTF.2024 / AAHTF24-02 |
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Amount: |
No fiscal impact |
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Description: |
SFY-2024 Account for Affordable Housing Trust Fund (AAHTF) Program Funds |
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Additional Comments: |
Amendment No. 1 has no fiscal impact. |
BACKGROUND:
On September 17, 2024, the Board of County Commissioners (Board) approved the award of CBE No. 606736-23 for SFY-2024 Account for Affordable Housing Trust Fund (AAHTF) Program Funds to City of North Las Vegas in the amount of $627,388 for housing-related services including, but not limited to, development of affordable housing, rehabilitation of abandoned and rental residential properties, renovation of owner-occupied housing units, and assistance to first-time homebuyers.
The following are the pertinent provisions of the Agreement:
• The term of the Agreement was from July 1, 2023 through June 30, 2026.
• Included the County’s option to terminate for cause, convenience or default and suspend the Contract with advanced written notice.
Approval of Amendment No. 1 will revise the Agreement end term from June 30, 2026 to June 30, 2027. The attached Amendment No. 1 document details the modifications involved.