Vote: adopted

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2. NEIGHBORHOOD STABILIZATION PROGRAM FUNDING The Community Development Department will give a presentation regarding the Neighborhood Stabilization Program Funding. At the conclusion of the presentation, approve the Annual Action Plan amendment for submission to the U. S. Department of Housing and Urban Development (HUD) for the purposes of receiving up to $9,974,267 in Neighborhood Stabilization Program funding. Also, approve revenue and expenditure adjustments to the Community Development Department (170) Grant Fund (217) operating budget (0000) associated with the aforementioned grant in the not-to-exceed amount of $9,974,267. The appropriation adjustment is necessary because these funds were not included in the FY 2009 budget. Grant revenues are not local revenues for the purpose of the constitutional expenditure limitation, and therefore expenditures of these revenues are not prohibited by the budget law. The approval of this budget adjustment does not alter the budget constraining the expenditures of local revenues duly adopted by the Board pursuant to A.R.S. §42-17105. The Community Development Department’s indirect rate for FY 2008-09 is 9.6% estimated at $957,530. The grant allows for 10%; therefore, indirect costs are fully recoverable. Funds for this grant are from the U.S. Department of Housing and Urban Development and do not affect the County General Fund. (C-17-09-047-G-00) Renee Ayres-Benavidez, Community Development Director

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53. ADMINISTRATIVE CORRECTION REGARDING THE NEIGHBORHOOD STABILIZATION PROGRAM GRANT ANNUAL ACTION PLAN Approve an administrative correction to the action taken on December 1, 2008 (C-17-09-047-G-00) regarding the approval of the Annual Action Plan submission to the U.S. Department of Housing and Urban Development (HUD) for the Neighborhood Stabilization Program grant funding. The supporting documents to that action stated that the cities/towns of El Mirage, Goodyear, and Buckeye would be the primary service area for the acquisition/rehabilitation/resale program. The purpose of this corrective action is to specify that the cities/towns of Tolleson and Youngtown are to be included among the cities/towns with areas of greatest need for the acquisition/rehabilitation/resale program. Funds for this activity is provided through the Neighborhood Stabilization Program grant received from the U.S. Department of Housing and Urban Development (HUD). This action does not affect the original funding amount of $9,974,267 for the NSP program. This amendment does not impact the general fund. (C-17-09-047-G-01)

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21. AMENDMENT TO ANNUAL ACTION PLAN FOR THE NEIGHBORHOOD STABILIZATION PROGRAM Approve the non-financial amendment to the FY 2008-2009 Annual Action Plan for the purpose of reallocating $1,000,000 in program income derived from the Acquisition/Rehabilitation/ Re-Sell activity to the Acquisition/Rehabilitation/Rental activity. No County General Funds will be involved in this action. The intent of the Neighborhood Stabilization Program is to address the issue of vacant, foreclosed residential housing in Maricopa County. This program is funded through the U.S. Department of Housing and Urban Development. (C-17-09-047-G-02)