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90. RESOLUTION 2005 - 50 R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AUTHORIZING THE SUBMISSION OF A TEXAS HOME INVESTMENT PARTNERSHIPS PROGRAM GRANT APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR FUNDING FOR A OWNER-OCCUPIED HOUSING ASSISTANCE PROGRAM; AUTHORIZING THE CITY MANAGER TO ACT IN ALL MATTERS PERTAINING TO THE CITY'S PARTICIPATION IN THE HOME PROGRAM; APPROVING THE WAIVER OF FEES AND THE CONTRIBUTION OF IN-KIND SERVICES AND INTERIM FINANCING TOWARDS THIS PROGRAM AND DECLARING AN EFFECTIVE DATE. RECITALS: 1. The City Council desires to develop a viable urban community, including decent housing, a suitable living environment and expanding economic opportunities, principally for persons of low/moderate income. 2. Conditions exist which represent a threat to the public health and safety. 3. It is necessary and in the best interest of the City to submit a grant application to the Texas Department of Housing and Community Affairs (UTDHCA") for 2005 Texas Home Investment Partnerships (UHOME") Program funding. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: PART 1. The City's application for $500,00.00 in grant funds from TDHCA through its Texas HOME Owner-Occupied Housing Assistance program in order to establish a housing rehabilitation/reconstruction program is approved and authorized to be filed on behalf of the City. PART 2. The City Manager is authorized to act in all matters in connection with this application and the City's participation in the HOME Program. PART 3. The waiver of an estimated $65,000.00 in fees and in-kind services is approved as a contribution toward the activities of this housing rehabilitation/reconstruction program. PART 4. The contribution of $250,000.00 in interim financing toward the activities of this program is approved. PART 5. This Resolution shall be in full force and effect immediately from and after its passage.