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APPLICATION NO.: 85-616 APPLICANT: City of Fountain a. Local Fi nancia1 ' COIlIIIitments L I M I H I X I I I City is contributing $4,000 from general i strative cost. I ) fund for admin- I I , I I , I , I Imp1ementating a special improvement district for the I Fountain Crest area to widen streets, install curb and I gutters and to do asphalt paving of streets ($650,000). , $4,000 is committed from Conservation Trust Fund for park' development. City passed resolution that private streets) in Fountain Crest will be dedicated as public streets. $10,000 for rehab activities from revolving loan fund. 2. PUBLIC/PRIVATE COMMITMENTS b. Local Non-Financial Commitments City will use own personnel and resources to assist with street improvement, moving of electrical equipment to accommodate other improvements and will install fire hydrants ($54,000). . c. Other Commitments I I I I I I I 3. MANAGEMENT I CAPABILITY I I I , I , I I I I I I , I L I M I H I I X I I . Current city staff is experienced in the admin. of fed- erally funded programs; they have had a loan program in operation for about 3 years. If funded, applicant will hire a qualified rehab specialist and code enforcement inspector. Admin. budget is 16% of total project budget. In relation to proposed project work plan, budget is reasonable. a. Staff and Contractors b. Budget c. Statutory/Regula- tory Compliance Previous experience with statutory/regulatory compliance. Environ. compliance features will be addressed through environ. review process. PRO STATEI1ENTS: o 98% of program activities will be rental rehabilitation which has been an underserved activity for the City of Fountain. . o COBG funds will be revolved for future use. o Proposed project will enable city to preserve a major inventory of affordable housing for low-moderate income residents. CON STATEMENTS: o Appllcatlon reflects inadequate planning for rental rehab activity. There is no evidence of inquiries by applicant to determine if lending institutions would be willing to participate in project. Has contact been made with investor-owners to determine if they would be willing to participate without code enforcement? o There is no significant improvement in proposed project design in this current application over last year's application which was not funded. COMMENTS: o Loca 1 Pri ority: 1 of 1. o Eligibility of activities: Eligible. o Validity of National Objectives: Valid as Low/Mod Benefit. o Overall, about 20% of the City's $400,000 1983 COBG project has yet to be completed. Public facilities portion has been completed; remaining work is housing rehabilitation. o The City also received a $450,000 19B4 COBG grant for storm drainage and water distribution system improvements in the Fountain-Crest area. This project is scheduled to go to bid in April. o Interest or commitment from lending institutions would enhance the feasibility of thi s project. . o If needed, temporary relocation will be handled by Housing Authority, although no funds for temporary relocation have been budgeted. o It is questionable if proposed activities can be undertaken and completed in 12 month project time frame.