Grand Rapids
Michigan

City Comm Agenda
87508

Resolution authorizing a Management Agreement relating to the administration of a Housing Fund – Recommendation #12 of Housing Advisory Committee

Information

Department:Department of LawSponsors:
Category:Agenda Action RequestFunctions:City Commission, Committee of the Whole

Content A

As a result of the Housing Advisory Committee recommendations, please find a resolution to authorize a Management Agreement between the City, the Grand Rapids Housing Commission, and the Affordable Housing Fund, a 501(c)(3) non-profit, for the administration and management of the City of Grand Rapids Affordable Housing Fund.  The terms of this Management Agreement are reflected in the attachment.  

 

 

Please place this item on the March 6, 2018 Agenda of the Committee of the Whole.  I will be happy to answer any questions.  Thank you.

Content C

 

RESOLVED:

 

 

1.     That a Management Agreement, with an initial term of three years, is authorized to establish a Management Agreement between the City, the Grand Rapids Housing Commission, and the Affordable Housing Fund, a 501(c)(3) non-profit, for the administration and management of the City of Grand Rapids Affordable Housing Fund, to be administered by the Grand Rapids Housing Commission for no compensation, the terms of which are reflected in the attached term sheet, and

 

 

2.     The Mayor is authorized to execute said Agreement in a form approved by the City Attorney.