REGULAR MEETING OF THE WELLINGTON VILLAGE COUNCIL

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 Wellington Council Meeting April 10, 2012 Page 88 of 384 RESOLUTION NO. R2012-24 A RESOLUTION OF WELLINGTON, FLORIDA’S COUNCIL APPROVING AMENDMENT 5 TO THE AGREEMENT WITH PALM BEACH COUNTY FOR THE PURPOSE OF RECEIVING A GRANT UNDER THE PROVISIONS OF THE NEIGHBORHOOD STABILIZATION GRANT PROGRAM; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Wellington’s Council authorized entering into an agreement with Palm Beach County through the passage of Resolution R2010-29 to facilitate receipt of grant monies under the Neighborhood Stabilization Grant Program; and WHEREAS, on or about August 10, 2010, Wellington approved an Amendment to said Agreement through the passage of Resolution R2010-50; and WHEREAS, on or about February 8, 2011, Wellington approved Amendment No. 2 to said Agreement extending the deadline for completion of the terms of the Agreement from April 30, 2011 to December 31, 2011; and WHEREAS, Amendment No. 3 was agreed to administratively as it was proposed by Palm Beach County to further clarify the date extension to December 31, 2011 which had been previously approved by Wellington’s Council; and WHEREAS, Amendment No. 4 was agreed to administratively and further amended the Agreement to extend the deadline for completion of the terms from December 31, 2011 to December 31, 2012 and the Declarations of Restrictions; and WHEREAS, Amendment No. 5 will further clarify the ability to forgive program subsidy or funds invested in a property over and above the appraised value as allowed by program guidelines established by the U.S. Department of Housing and Urban Development. NOW, THEREFORE, BE IT RESOLVED BY WELLINGTON, FLORIDA’S COUNCIL that: SECTION 1. The foregoing recitals are hereby affirmed and ratified. SECTION 2. Amendment No. 5 to Agreement with Palm Beach County to provide Neighborhood Stabilization Grant funds (attached hereto as Exhibit “A”) is approved and the Mayor and Clerk are authorized to execute said Amendment on behalf of the Village of Wellington. SECTION 3. This Resolution shall become effective immediately upon adoption.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Wellington Council Meeting April 10, 2012 Page 89 of 384 PASSED AND ADOPTED this 10 th day of April, 2012. ATTEST: WELLINGTON By: ____________________________ By: ______________________ Awilda Rodriguez, Wellington Clerk Bob Margolis, Mayor APPROVED AS TO FORM AND LEGAL SUFFICIENCY By:_____________________________ Jeffrey S. Kurtz, Attorney for Wellington 2
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State Road 80 0 0.5 1 2 Miles Copyr
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REGULAR MEETING OF THE WELLINGTON VILLAGE COUNCIL

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