Resolution of the City of Jersey City, N.J.

Continuation of ResolutionCity C.lerk File No. Res. .12-15410.C MAR 1 4 2012Agenda No.TITLE:Pg. #3RESOLUTION OF THE MUNICIPAL COUNCIL OF THE CITY OF JERSEY CITYAMENDING THE 2009-2014 CONSOLIDATED PLAN AND MULTIPLE ANNUALACTION PLANS TO RE-PROGRAM CDBG AND HOME FUNDSJ.C. Redevelopment Agency (JCRA)30 Montgomery Street, Suite 900Jersey City, NJ 07302Project: Canal Crossing (Planning and Administration)Allocate $50,000 from the following account:YEAR I ACCOUNT AMOUNT HUD Activity #2011 I CDBG Admin Funds $50,000 N/ACommunity Asset Preservation Allance (CAPA)293 Martin Luther King DriveJersey City, NJ 07305Proje,ct Address: 151 MLK DriveAcquisition of a mixed use property for the purpose of creating four (4) affordable housing units.Allocate $125,000 from the following account:YEAR ACCOUNT AMOUNT HUD Activity #Various Reprogrammed Funds $125,000 N/ALet's Celebrate Housing, Inc.46-48 Fairview AvenueJersey City, NJ 07304Project Address: 78-80 Stevens AvenueRehabiltation of an existing propert that contains seventeen (17) low/moderate income housing. units. Essential repairs are needed to preserve affordable units. Allocate $224,800 from thefollowing cancelled account.YEAR ACCOUNTIAMOUNT I HUD Activity #2011 JCRA Canal Crossing - Cancelled $224,800 N/AActivityJersey City Redevelopment Agency30 Montgomery Street, Suite 900Jersey City, NJ 07302Project Address: 58 Orient Avenue(JCRA)Demolition, relocation and related soft costs. The propert is located in an area whereredevelopment is planned to take place. Allocate $160,000 from the following account:I YEAR ACCOUNT I AMOUNT I HUD Activity #I Various Reprogrammed FundsI $160,000 I N/AVolunteers of America1660 Duke StreetAlexandria, VA 22314Project Address: Harborview Apartments - 145 Ocean AvenueTargeted rehabiltation of a 100 unit senior housing propert. Rehabiltation is required topreserve affordable housing units. Allocate $1,500,000 from the following accounts:. .YEAR ACCOUNT AMOUNT HUD Activity #2009 JCRA-Kearney Av -Cancelled $1,163,948 N/AProiect2009 NSP HORP $310,836 N/AVarious Reprogrammed Funds $25,216 N/A.