03-979Council File # d 3' / 7�
Green Sheet # �� lSg
NESOTA 2 1
Presented by
Referred to
Committee Date
WHEREAS, Saint Paul Deparhnent ofPlanniug and Economic Development adiniuisters the Mortgage Foreclosure
Prevention Program, which provides mortgage foreclosure prevention counseling to Saint Paul homeowners who
have mortgage payment delinquencies and mortgage defaults caused in part by predatory real estate practices; and
WHEREAS, the Mortgage Foreclosure Prevention Program is participating with the Family Housing Fund's
Don't Borrow Trouble Campaign - an educa6onal initiative designed to combat predatory real estate practices; and
NOW BE IT RESOLVED, that Counci] of the City of Saint Paul authorizes the Saint Paul Department of Planning
and Economic Development to execute a Grant Agreement with the Family Housing Fund and accept a$3000 grant
in recognirion of the City's participation with the Don't Borrow Trouble Campaign.
FINALLY, BE IT RESOLVED that the Council of the City of Saint Paul expresses its appreciation to the Family
Housing Fund for its continual support shown to the citizens of the City of Saint Paul.
_ . . ..
0� -9�
� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
-------°-�--�-- -- ._ .._._ ._..._._ . �
PE — p��ning&EconomicDevelopment � o2-o�T-o3 � Green Sheet NO: 3006158
Contact Person & Pbone:
,ioe carns
6-G020
Must Be on Councii Agenda
■�/
Assign
Number
For
Routing
Order
ueoaRmenc �eni�orerson mmauuate
0 lanning & Ewnomic levelop_ �
1 Iannin &EconomicUevelo De artmentDirector
2 i Attorne �
3 a or's Office Ma ar/Assistan
4 Council
5 i Clerk C'ri Cle k
Total # of Signature Pages �(Clip All Locations for Signature)
Action Requested:
PED requests authorization to accept a$3,000 grant from the Family Housing Fund in recoginition of the PED's Mortgage Foreclosure
Prevenrion Progzam participation cvith "Don't Borrow Trouble Campaign" - an educational initiative to combat predatory lending.
`.;
�.
idations: Approve (A) or Reject (R):
Planning Commission
CIB Committee �
Civil Service Commission
Personal Service Contrects Must Answer
'I. Has this person/frm ever worked under a contract for this departmenY?
Yes No
2. Has this person/firm ever been a city employee?
Yes No
3. Does this person/flrm possess a skill not normally possessed by any
current city employee?
Yes No
Explain all yes answers on separate sheet and attach to green sheet
Initiating Problem, Issues, Opportunity (Who, What, When, Where, Why):
To combat predatory real estate practices and predatory lending practices, PED is participating with the "Dont Borrow Trouble
Campalgn", an education initiative to combat predatory lending pracrices. Don't Borrow Trouble Campaign is funded by the Family
Housing Fund.
Advantaqes If Approved: -
PED will receive a$3,000 grant from the Family Housing Fund and $100 stipend for every household helped through the Don't Borrow
Trouble Campaign.
DisadvantapeslfApproved:
None
Disadvantages If Not Approved:
PED's Mortgage Foreclosure Prevention Program will not receive
Totai Amount of
Transaction:
Fundinq Source:
Financial Information:
. (Explain)
fees.
�a�''''�:.�.' __ .�� _ s --- _.._ .
(y; � .,,��.,
YIJ 4 f��� a
�� � ; �� : ! b ..
3000 Cost/Revenue Budgeted: -
Activitv Number: 117-265233699� s �^°+;� �°�°��` ��
1 'Y}1 eCSU�?y
� " �
�3-97�
FAMII.Y HOUSING FQND
GRANT AGREEMENT
ST. PAUL DEPARTMENT OF PLANNING AND ECONONIIC DEVELOPMENT
Don't Borrow Trouble Minnesota
LoanCheck Data Collection and Submission
This Grant Agreement is made this day of August 2003, by and between St. Paul
Departsnent of Plamiing and Economic Development, (the "Crrantee"), and the Family
Housing Fund, a Minnesota non-profit corporation (the "Fund").
The Fund is making a grant in the amount of $3,000.00 (the "GranY') to Grantee as a
stipend for installing the LoanCheck software. Additionally, the Fund will provide a
payment of $100 per LoanCheck data file that is fully completed and submitted to the
Fund.
The terms and conditions of the Grant aze as follows:
The $3,000 in grant proceeds shall be used to compensate the Grantee far the
time and effort of installing and operaring LoanCheck. In addition, the Fund
expects that the Grantee will cooperatively participate in any future
discussions relating to software enhancements and/or revisions.
2. The Fund agrees to provide the Grantee with compensation of $100 per
LoanCheck data file that is fully completed and submitted to the Fund.
LoanCheck data files eligible for reunbursement shall have an intake date
falling beriveen Mazch l, 2003 and December 31, 2004.
3. The Fund will disburse LoanCheck data payments on a quarterly basis upon
submissi�n of the LoanCheck data files an3 an invoice providing the client
name, intake date, and file transmission date.
4. Grantee shall establish a separate account in its books and records showing all
disbursements of the proceeds of the Grant, which account shall be maintained
in accordance with generally accepted accounting principles. The Fund shall,
at its request, have access to the files, records and personnel of Grantee for the
purpose of making such financial audits or verifications as it deems necessary.
5. If the Grantee violates or breaches any provisions of this Grant Agreement,
then the Grantee shall immediately rehun to the Fund, upon demand by the
Fund, the full amotmt of the Grant.
03- 979
FAMII.Y HOUSING FLTND SATNT PAUL DEPARTMENT OF
1�
Its:
Date:
• " ` / ��• •TI �
1 i��9 , , ,'
! �
• �,' /�/ �
_ �.�
Its: Director
Date: October 3, 2003
By: �
Matt Smith
Its Director. Office of Financial Services
Date:
APPROVED A5 TO
�