08-387Council File # 08-387
Green Sheet # 3052113
RESOLUTION
PAUL, MINNESOTA
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WHEREAS, the City of Saint Paul has been selected to participate in the Minnesota
Housing Finance Agency Home Ownership Education, Counseling, and Training Fund National
Foreclosure Mitigation Counseling Program, to address the dramatic increase in the number of
home foreclosures by providing comprehensive home buyer education, counseling, training and
support on either a pre or post purchase basis for low and moderate income home buyers or
owners; and
WHEREAS, the City will receive $233,750.00 in funding to add additional counseling staff
and $18,700.00 program related support funds for a total of $252,450.00 for the Foreclosure
Counseling Program; now, therefore, be it
RESOLVED, that the Council of the City of Saint Paul does hereby accept grant funds in
the amount of $252,450.00 and authorizes the proper City officials to execute a grant agreement
with the Minnesota Housing Finance Agency for this funding for the purpose of mortgage
foreclosure counseling; and be it
FURTHER RESOLVED, that Department of Planning & Economic Development (PED) is
authorized to use this funding to hire mortgage foreclosure prevention counselors for a ten month
period ; and be it
FURTHER RESOLVED, that PED is further authorized to submit any updates, reports, or
additional information as may be required to participate in the Minnesota Housing Finance
Agency Home Ownership Education, Counseling, and Training Fund National Foreclosure
Mitigation Counseling Program for Foreclosure Prevention, and be it
FINALLY RESOLVED, that the Mayor, pursuant to Section 10.07.1 of the Charter of the
City of Saint Paul, does certify that $252,450.00 in funds are available for appropriation in excess
of those estimated in the 2008 budget, and recommends the following changes to the 2008
budget (See Attached ).
Bostrom
carter
x�S
Helgen
Stark
Thune
Adopted by Council: Date
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Adoprion Certified by Council Secretary
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Form Appro b NPa or for Subm' sion to C a cil
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Approved ay�t`: Date �-/�('] �� �� Approved by the inancia ervices
BY � ��/ �Li.��i/�-+�-'�--�C___, Bv: �( �,
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08-387
PED Operations Fund #126
FINACING PLAN
GL-126-36000-3600
Change to Financing Plan
SPENDING PLAN
GL-126-36075-0131
GL-126-36075-0438
GL-126-36075-0370
GL-126-36075-0299
Change to Spending Plan
Grant for Mortgage
Foreclosure Counseling
Temp Salaries - Mortg.
Foreclosure Counseling
Fringe Benefits @ 32%
Comp. Equip.\Supplies
Misc. Services
Current
Budget Changes
$64,000 $252,450
$64,000
$252,450
$160, 000
$58,750
$15,000
$18,700
$252,450
Amended
Budget
$316,450
$224,000
$58,750
$15,000
$18,700
.
,
,
t
�
� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
PE — Plwning&EconomicDevelopmen[ � 0&APR-08
Contact Person 8 Phone:
Michelle Vojacek
266-6599
Must Be on Council /\qend
09-APR-OS
Doc. Type: RESOLUTION
E-DOCUment Required: N
Document Contact:
Contact Phone:
Total # of Signature Pages
y
Assign
Number
For
Routing
Order
(Clip All Locations for SignaWre)
Green Sheet NO: 3052113
0 � lannin¢ & Economic Developme� 1N. Voixcek
1 lannin & Econamic Develo me De arhnent Direc[or
2 " Attorne Peter McCall
3 a or's 0f5ce Ma odASSisfant
4 ounc�l Ctity Comcil I
5 ' Clerk Cti C7erk
Authorizing the City to accept a grant in the amount of $252,450.00 from the Minnesota Housing Finance Agency to hire mortgage
foreclosure prevention counselors for a ten-month period.
iaauons: Hpprove �H� or rce�ecc �rq: rersona� sernce contreccs mus� nnswer me ronowmg uuesnons:
Planning Commission 1. Has ihis persoNfirm ever worked under a contract for this department?
CIB Committee Yes No
Civil Service Commission 2. Has this person�rm ever been a city employee?
Yes No
3. Does this perso�rm possess a skill not normally possessed by any
current city employee?
Yes No
Explain all yes answers on separete sheet and attach to green sheet
Initiating Problem, Issues, Opportunity (Who, What, INhen, Where, Why):
The ciry lias been selected to receive $252,450.00 from Minnesota Housing Finance Agency to hire mortgage foreclosure prevention
counselors for a ten month period. The resolurion will allow the City to accept the grant and hire addirional counselors.
Advantages If Approved:
The City will be able to accept the fnnding and hire additional foreclosure prevention counselors.
Disadvantages If Approved:
None.
Disadvantages If Not Approved:
The city will not receive the funding to hire addirional foreclosure prevendon counselors.
� Transaction: $252,450.00
Funding Source:
Financial information: $udget amendment attached.
(Explain)
Activiiy Number:
April 10, 2008 8:53 AM
CosVRevenue Budgeted:
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