11-788 Delegating Authority to Purchase HUD Dollar Home
CITY OF MERIDIAN
RESOLUTION N0.
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NCIL: BIRD, HOAGLUN, ROUNTREE, ZAREMBA
BY THE CITY COU
DELEGATING AUTHORITY TO THE ADA COUNTY HOUSING
A RESOLUTION
TO PURCHASE DOLLAR HOME FROM THE UNITED STATES
AUTHORITY
NT OF HOUSING AND URBAN DEVELOPMENT; AND PROVIDING AN
DEPARTME
EFFECTIVE DATE.
WHEREAS the Dollar Homes initiative of the United States Department of Housing
rban Develo ment "HUD" hel s local governments foster housing opportunities for low
and U p ( ) p
o moderate income families b offering cities the opportunity to purchase, for one dollar plus
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closin costs sin le-famil homes acquired by the Federal Housing Administration ("FHA")
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through foreclosure actions;
WHEREAS, ursuant to HUD Notice H 00-7, issued Apri128, 2000 and formally
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extended b HUD Notices H 01-06, H 02-02, H 03-09, H 04-07, 05-11, and 06-02, and
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resumin the informal extension thereof absent any subsequent contradictory notice or
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indication from HUD, the City of Meridian is eligible to purchase Dollar Homes directly from
HUD or to identify an agency of government such as a housing authority to act as the City's
agent to purchase these properties;
WHEREAS, Meridian is served by the Ada County Housing Authority ("ACHA"),
which agency is aquasi-governmental entity established pursuant to Idaho Code sections 50-
1901 et seq. to perform certain essential governmental functions, and is dedicated to enhancing
our community by providing safe and affordable housing and fostering self sufficiency and
stability for people in need, with an established history of success in the development,
rehabilitation, and management of affordable housing, and is therefore uniquely qualified to act
as the City's agent for the purpose of purchasing, administering, and/or disposing of properties
available through HUD's Dollar Homes program; and
WHEREAS, the City Council of the City of Meridian finds that it is in the best interest
of the people of the City of Meridian for the City to designate ACHA as the City's agent for the
u ose of urchasing properties from HUD through the Dollar Homes program;
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NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COUNCIL OF THE CITY OF MERIDIAN, IDAHO:
Section 1. That, pursuant to all applicable provisions of state and federal law, and the
terms and conditions of the Memorandum of Agreement between the City of Meridian and
ACHA, executed contemporaneously herewith, ACHA is hereby designated the City of
Meridian's agent for the purpose of purchasing, administering, and disposing of properties
available through HUD's Dollar Homes program; and
DELEGATION OF AUTHORITY TO ACHA TO PURCHASE HUD DOLLAR HOMES
PAGE l OF 2
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tion 2. That this Resolution shall be in full force and effect on May 24, 2011.
Sec
PTED b the Cit Council of the City of Meridian, Idaho this 24th day of May,
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201 1.
APPROVED b the Ma or of the City of Meridian, Idaho, this 24th day of May, 2011.
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APPROVED: , ~~ }~,~ ~ ~ ~ jATTEST:
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S Z'p M1 Q,y~R']u. S'ayy y3\ . l yt. V v 4~
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or ~~ ~`~ ace man, City Clerk
Tammy d r ,May .. ~ y v
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DELEGATION OF AUTHORITY TO ACHA TO PURCHASE HUD DOLLAR HOMES PAGE 2 OF 2