Item Text

H-3. RESOLUTION 15-022 FISCAL YEAR 2015 MANAGEMENT AND FINANCIAL REVIEW REPAYMENT AGREEMENT Adopt Resolution No. 15-022 and approve the Fiscal Year 2015 Management and Financial Review Repayment Agreement between the Housing Authority of Maricopa County and the U.S. Department of Housing and Urban Development effective October 26, 2015. HAMC must replenish reserves in the amount of four hundred sixty-eight thousand, seven hundred eighty-one dollars ($468,781.00) to the HAMC’s Program Reserve Account. HAMC and HUD have agreed on a repayment plan which consist of quarterly installments of $4687.81 over a period of 25 years commencing January 1, 2016. (C-66-16-006-M-00)