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APPROPRIATION ADJUSTMENT #50 Following consideration ANNEX MAINTENANCE of the report by Equipment APPROVED Maintenance Superintendent Warren Clark, dated October 12, 1978 describing present uses of the City Hall Annex, Council restored $9,000 of the $18,000 cut from the Building Maintenance Fund, and approved Appropriation Adjustment #50 transferring $9,000 from Couucil Contingency, for limited maint- enance services of the first floor of the Annex, on the unani- mously carried 6:0 motion of Councilman Ward, seconded by Coun- cilman Brandt. CA 65.3 AGREEMENT & A.A. #51 Council considered the NEIGHBORHOOD HOUSING SERVICES agreement, proposed in a APPROVED letter dated October 6, 1978 from John E. Gallagher, Deputy Associate Director of Urban Reinvestment Task Force, and recommended by Acting City Manager/City Attorney Keith Gow in the report dated October 11, 1978, entitled "Neighborhood Housing Services Agreement", between City and Urban Reinvestment Task Force of the Federal Home Loan Banks for services in connection with a Neighborhood Housing Services Program. The Program pro- vides essentially private neighborhood residential community redevelopment with the following financial impact to the City: 1) Payment of $35,000 upon execution of agreement to Urban Reinvestment Task Force for the uses specified on page 4 of the proposed agreement; A minimum of $100,000 per year for three consecutive years for improvements in the selected neighborhood, subject to the availability of Community Development Block Grant funding; 3) $300,000 spread over a three year period to capitalize the revolving loan fund of the NHS Corporation after it is formed (page 5 of proposed agreement); 4) An unknown amount on a contingent basis, to supplement private support for operating expenses of the corpora- tion, on a contingent basis, as specified in the para- graph headed "Support of the NHS Operating Budget" (lower one-third of page 4 of proposed agreement); 5) Staff time, at no direct expense, for the services specified in the proposed agreement (paragraphs num- bered 4, 5 and 6, appearing at the top of page 3). The NHS Program includes development of a working relationship between residents of a specific neighborhood and a group of financial institutions in cooperation with City government; assists residents to improve their homes and bring them to Code standards; provides counseling, assistance in dealing with contractors, referrals to private financial institutions; and provides direct loans from a Revolving Loan Fund which is con- trolled by the NHS to residents who are unable to meet commer- cial credit standards. The proposed agreement was approved, and its execution by Mayor and Clerk was authorized; an~Appropriation Adjustment #51, transferring $35,000 from Council Contingency to City Council- Non-Departmental, for City's initial budgetary support for the developmental program, was approved, on the unanimously carried 6:0 motion of Councilman Ward, seconded by Councilman Bricken. A-78-123; CA 65.3 CITY COUNCIL MINUTES 435 OCTOBER 16, 1978