File #: 16-1170   
Type: Payment Ordinance Status: Adopted
Meeting Body: City Council Formal Meeting
On agenda: 1/11/2017 Final action: 1/11/2017
Title: $49,000.00 to Desert Eagle Appraisals

Title

$49,000.00 to Desert Eagle Appraisals

 

Description

For payment authority for a new contract, through Jan. 31, 2020, for Home Appraisal Services for the Scattered Site Section 32 Home Ownership Program in accordance with the provision of the HUD-approved Section 32 Home Ownership Plan, for the Housing Department.  This program helps low-income families purchase homes through an arrangement that benefits both the buyer and the City.  The benefit to the City is reduced cost of maintenance and the ability to use the proceeds to reinvest in low-income housing needs.  There is no impact to the General Fund; these necessary services are paid for from proceeds of the sale of houses in the Section 32 Program, which are Federal funds. This program was approved by the Council at the Dec.14, 2016 Formal Meeting.