Agenda 03/13/2007 - Laserfiche WebLink

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WHEREAS, a Preliminary Engineering Report (PER) for required public improvements, a Housing Rehabilitation Assistance program for rehabilitation of deteriorating units, and infill housing development plans and building commitments have been completed in support of the CDBG program; and WHEREAS, the Martinsville City Council wishes to apply for CDBG funds to assist in implementing the Cherry Street Neighborhood Improvement Project with said project benefiting 31 existing occupied households (76 persons) of which 29 households (70 persons - 92.1 %) are low-and-moderate-income (LMI); and with proposed infill development of 7 new afford~ble residential units, resulting in an estimate increase of 18 additional persons of which 18 (100%) are LMI for a total neighborhood benefit of38 households with 94 people of which 88 (94%) are LMI; and WHEREAS, one hundred percent (100%) direct benefit will result from the. implementation of the Housing Rehabilitation Program for 6 LMI owner-occupied units (14 LMI persons), and 6 investor-owner unit (18 LMI persons); substantial reconstruction of 10 LMI owner-occupied unit (24 LMI persons); 7 new infill housing units (17 LMI persons); and indirect benefits for 38 people (32 LMI persons - 84.2%) residing in the neighborhood resulting from the street, water and sewer line improvements as well as the property acquisition and demolition activities to remove blighting influences and the provision of infill affordable housing; and WHEREAS, the City expended $600 in capital funds for the condemnation and clearance of a severely blighted housing unit at 1033 Cherry Street on March 12, 2006; and WHEREAS, a private investor rehabilitated a housing unit at 934 Cherry Street Extension with private money in the amount of $16,550; and WHEREAS, Southside Outreach Group as lender and with possible funding from other sources will construct or cause to have constructed 7 single-family houses for sale at affordable prices to provide homeownership opportunities for 7 LMI families with a total investment of $500,500 in said housing development, with provisions for financial assistance to homebuyers through the Virginia Development and Housing Authority (VHDA) Home Buyer Education Programs and other local assistance programs; and WHEREAS, the City has earmarked $286,750 of its Indoor Plumbing Rehabilitation (IPR) allocation as administered by the Martinsville Redevelopment and Housing Authority in undertaking substantial reconstruction projects; and WHEREAS, the City of Martinsville is committing $295,094 to the project to carry out the comprehensive neighborhood improvement activities and accomplish the objectives of the Cherry Street Neighborhood Improvement Project including $44,250 in capital funds for improvements to waterlines; $2,000 in capital funds for the installation of 1 fire hydrant; $7,000 of capital funds for 200 linear feet of storm drainage improvements; $24,000 in capital funds for 1,600 linear feet of new sidewalk construction; $126,250 in capital funds for 5,050 linear feet of curb and gutter installation; $53,100 in capital funds for 885 tons of roadway resurfacing; $10,000 in capital funds for the construction of 2 "T" cul-de-sac improvements; $4,500 of capital funds for easement/right-of-way acquisitions; and $23,994 of in-kind service to assist in the with the inspection and design of all infrastructure improvements; and