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110.2007 RESOLUTION AUTHORIZING SUBMISSION OF HOME APPLICATION TO NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL AND AUTHORIZING HOUSING REVOLVING LOAN FUND RESOLUTION NO.: 110, 2007 INTRODUCED BY: Mr. Tim Brewer WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. Richard Sanford WHEREAS, by Resolution No.: 528,2003, the Queensbury Town Board authorized submission of the Town of Queensbury’s Affordable Housing Strategy to the New York State Governor’s Office for Small Cities, and WHEREAS, the New York State Division of Housing and Community Renewal (DHCR) has been designated to administer the HOME Program, a federal program funded by the Federal National Affordable Housing Act of 1990, and WHEREAS, DHCR has established a submission date of March 22, 2007 for accepting applications under the HOME Program, and WHEREAS, the Town of Queensbury has reviewed its housing needs and has developed a program to meet those needs, and WHEREAS, the HOME application process requires that the governing body of the applicant authorize the submission of the application and related actions, NOW, THEREFORE BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Community Development Department staff to prepare an application to the New York State Division of Housing and Community Renewal (DHCR) HOME Program, and BE IT FURTHER, RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town Supervisor to submit such application to the New York State Division of Housing and Community Renewal (DHCR) and act in connection with the submission of the application, including execution of all required certifications and forms and provision of additional information as may be required, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the commitment of $50,000 for the housing revolving loan fund as outlined in the HOME application to be taken from HUD Program Income (B-93-DH-36-0292) and the commitment of up to $35,000 through in-kind services and/or cash, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Community Development Department and Town Fiscal Manager to take such other and further action as may be necessary to effectuate the terms of this Resolution. th Duly adopted this 26 day of February, 2007 by the following vote: AYES : Mr. Boor, Mr. Sanford, Mr. Strough, Mr. Brewer, Mr. Stec NOES : None ABSENT: None