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=0 <br />MEET <br />MAY 9, 1994 <br />be approved and executed. Mrs. Manier seconded the motion which <br />carried. <br />APPROVE COMMUNITY DEVELOPMENT CONTRACTS/ADDENDA <br />The following Community Development Contracts and Addenda were <br />presented to the Board for approval: <br />CONTRACT <br />H U� SING DEVELOPMENT CORPORATION <br />R.E.W.A.R.D. ACTIVITY <br />T e targeted goal for this activity is to grant assistance to <br />t irty (30) low and moderate income households who have <br />completed the R.E.W.A.R.D. homeownership counseling program <br />a d are in the process of home purchase. Assistance will be <br />is the form of down payments or closing costs as needed by <br />assisted households in purchasing homes. The total cost of <br />tais activity shall not exceed $40,000.00. <br />HOUSING DEVELOPMENT CORPORATION <br />P OBLEM PROPERTY INITIATIVE ACTIVITY <br />r e targeted goals for this activity are to acquire, rehab <br />and make available to low and moderate income occupants, five <br />() residential structures which currently represent <br />nuisances to the neighborhoods in which they are located. <br />the total cost of this activity shall not exceed $160,590.00. <br />H USING DEVELOPMENT CORPORATION <br />C RISTMAS IN APRIL <br />Tie targeted goals for this program include housing repairs <br />f r approximately fifty (50) residential units occupied by <br />low/moderate income persons. The activities will provide for <br />completion of rehab work on thirteen (13) of these assisted <br />properties. The total cost of this activity shall not exceed <br />$ 0,000.00. <br />ADDENDUM II <br />B REAU OF HOUSING <br />W ST WASHINGTON-CHAPIN LOAN FUND <br />Addendum II decreases the budget by $8,294.00. <br />A DENDUM V <br />H USING DEVELOPMENT CORPORATION <br />H USING REHABILITATION FUND ACTIVITY <br />Addendum V increases the budget by $8,294.00. <br />Upon a motion made by Mr. Caldwell, seconded by Mrs. Manier and <br />carrie , the above referred to Contracts and Addenda were approved <br />and ex cuted. <br />AP <br />Submits <br />Bend, I <br />Econom: <br />This A< <br />of some <br />expends <br />comprel <br />in the <br />health <br />Bureau, <br />Caldwe7 <br />Manier <br />e %3xImZVIMIvl — INZIUn-bUIQiUUU YOUTH DEVELOPMENT INITIATIVE - <br />ERVICE BUREAU <br />ed to the Board was an Agreement between the City of South <br />y and through the Board on behalf of the Community and <br />c Development Department, and the Youth Service Bureau. <br />reement indicates that the City has received reimbursements <br />of its previous HUD Urban Development Action Grant <br />tures and the City recognizes that the development of a <br />ensive strategic plan for youth services is a positive step <br />direction of better social, psychological and physical <br />for the community's youth. Therefore, the Youth Services <br />shall receive $25,000.00 to carry out this program. Mr. <br />1 made a motion that this Agreement be approved. Mrs. <br />seconded the motion which carried. <br />