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H-1. RESOLUTION 15-004 ARIZONA COMMUNITY FOUNDATION RECOVERABLE GRANT Adopt Resolution 15-004 and approve receipt of a recoverable grant from the Arizona Community Foundation (ACF) in the amount of $75,000 for the purpose of funding predevelopment activities for Madison Heights, Norton Circle, and HM Watson Homes Public Housing revitalization, a low income housing development located in Avondale, Arizona. The Grant is available for disbursement commencing on the date that all standard conditions contained in Section 6 of the Agreement have been satisfied, and continuing through and including July 1, 2015 (the "Maturity Date"). HAMC will repay disbursed amounts of the Recoverable Grant to ACF in full upon the receipt of construction financing proceeds. (C-66-15-013-M-00)