Res 1999-157 - Laserfiche WebLink

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PART 2. $40,000 of the funds remaining allocated for flood assistance will be allocated for miscellaneous rehabilitation. The City staff will conduct another round of applications over a 30-day period for the use of funds for this purpose. If funds are not sufficient to meet all eligible applications, funding will be allocated to all eligible applications on a pro rata basis. PART 3. The remainder of the funds remaining allocated for flood assistance will be allocated for the other uses described in Part 1. The City staff will conduct another round of applications over a 30 day period for these funds. The staff will prioritize the applications, and allocate funds, based on 1) whether properties are within in outside the 100 year floodplain, and 2) the cost of repairs relative to the value of the improvements prior to the October, 1998 flood. All eligible applications for properties within the 100 year floodplain will be allocated funding before applications for properties outside the 100 year floodplain are considered. Applications will be categorized by cost of repairs relative to the value of the improvements prior to the October, 1998 flood as follows: Category 1 Category 2 Category 3 Category 4 50% or more 40-49% 30-39% 20-29% All eligible applications in each category will be allocated funding before applications in the next category are considered. Iffunds for a category are not sufficient to meet all eligible applications, funding will be allocated to all eligible applications in the category on a pro rata basis. PART 4. This resolution shall be in full force and effect from and after its passage. ADOPTED this the 9th day of AUgUS.t. iA JI:l 99. CI ~ Cdl ' ~ Ed Mihalkanin Mayor Pro-Tern 3Jte t: / ~ . ,;lJ)1{;/~ iJ'V tf/IAAli/k// J is K. Womack City Secretary