City Council Agenda and Packet 2012 07 02 SP

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COUNCIL COMMUNICATION TO: MAYOR AND CITY COUNCIL FROM: MALCOLM FLEMING, CITY MANAGER DATE: JULY 2, 2012 JECT: APPROVE RENEWAL OF THE BOULDER /BROOMFIELD COUNTY HOME CONSORTIUM, SECOND AMENDMENT TO THE HOME CONSORTIUM INTERGOVERNMENTAL AGREEMENT (IGA) ORIGINATING DEPARTMENT: CITY MANAGER'S OFFICE SUMMARY: The Boulder /Broomfield County HOME Consortium has been a collaborative effort to address affordable housing issues throughout the region. As a Consortium, we are entitled to an allocation of federal HOME funds that directly address our affordable housing needs. In addition, the Consortium coordinates planning for affordable housing services by developing a Consolidated Plan. The City of Boulder as the Administrator of these federal funds prepares the Consolidated Plan and Boulder County, Broomfield and Longmont assist in the preparation of the Consolidated Plan with input from the Towns and Cities in Boulder County. The City of Boulder, Boulder County, Longmont and Broomfield share the cost and staff of preparing the Consolidated Plan. The US Department of Housing and Urban Development (HUD) allows three year terms for a HOME Consortium and it is time for renewal. Louisville participated and signed the IGA three years ago and has been asked to do so again. The second amendment to the IGA clarifies and amends the original IGA, specifically adding an automatic renewal provision. The amendment enclosed: • Adds a provision for automatic renewal of the Consortium • Clarifies that each Consortium member will contribute funds for the development of the Consolidated Plan proportionately to the percentage of funding it receives (Boulder, Boulder County, Longmont and Broomfield) • Outlines the funding allocations • Explains how unspent HOME funds may be reallocated The IGA does not impose liability or resource expenditure risk on Louisville, it just secures the flow of federal HOME and CDBG block grant funds for housing and community development directly to the Boulder County - Broomfield Regional Consortium, such that smaller jurisdictions don't have to individually compete for funds from the statewide pool. The HOME Consortium is one of the few sources of federal funds that come with little or no administrative burden for the Towns and Cities in Boulder County. As indicated above, the City of Boulder administers the funds. There is no cost to Louisville for receiving these funds, and there is no cost to Louisville SUBJECT AGENDA ITEM ILZ APPROVE RENEWAL OF THE BOULDER / BROOMFIELD COUNTY HOME CONSORTIUM, SECOND AMENDMENT 4 TO THE HOME CONSORTIUM INTERGOVERNMENTAL AGREEMENT (IGA) 2