HomeMy WebLinkAboutRes-2018-194 Amend Res-172BOARD OF COUNTY COMMISSIONERS
COUNTY OF KITTITAS
STATE OF WASHINGTON
RESOLUTION
NO. 2018-J q 1
RESOLUTION IMPLEMENTING PREVIOUSLY PASSED RESOLUTION 2017-007
AND AMENDING RESOLUTION 2018-172 AW ARD ING FUNDING FOR HOMELESS
AND AFFORDABLE HOUSING GRANT #HH-AH-2018-05-SPURLING PLACE
WHEREAS: The Kittitas County Board has previously enacted Resolutions #2017-007
and #2018-172 Authorizing Allocation of Funds Toward the Spurling Court Housing
Project (now known as "Spurling Place") in the amount of $500,000 (Five Hundred
Thousand Dollars); and
WHEREAS: this Amendment is necessary to reflect the intent of the County and
HopeSource as to the legal structure of the entities engaged in implementing the project;
and
WHEREAS: This Resolution is intended to amend Resolution #2018-172 to implement
the provisions of Homeless and Affordable Housing Grant# HH-AH-2018-05 as revised
to include an "Exhibit A" effective November 16, 2018, a copy of which is attached
hereto and incorporated by reference; and
WHEREAS: The County Board has concluded based upon the terms of Affordable
Housing Grant# HH-AH-2018-05 that this is not an advance disbursement of funds, but
a disbursement to be applied to expenditures already made; and
WHEREAS: This expenditure is to be made from the funds collected for Affordable
Housing pursuant to RCW 36.22.178 and Homeless Housing Assistance pursuant to
RCW 36.22.179/.1791; and
WHEREAS: Funding was to be made available starting November 19, 2018 upon
approval ofresolution 2018-172; and
WHEREAS: The project application sets aside up to 50% of the units for the homeless
as described in the above referenced "Exhibit A"; and
WHEREAS: The Grant amount is far less than 10% of the anticipated project cost; and
WHEREAS: The Kittitas County Auditor's Office has advised this Board as to the
resources available from the funds created by RCW 36.22.178, .179, and .1791,
NOW, THEREFORE BE IT RESOLVED: That the Kittitas County Board of
Commissioners hereby again approves allocation of the sum of $500,000 (Five Hundred
Thousand Dollars) to Hope Source for the purpose of supporting the Spurling Place
project and its purpose in providing housing for the homeless and those who are at risk of
becoming homeless as a result of being "very low-income households" and "extremely
low-ineome households '. 1e fonds to be aJ.located shall be$ c15. (JOO from tl1e account
holding funds from th_e su reharge created pursuant to RCW 36.22.178, and $·. LJ,a~
from the account h0klmg f-unds from the surcharges, er at d pursuant to R w· 36.22.179
an~ 36.22.1791. The total funds shall be disbursed by the Auditor's Office on ~V ~ 13} d:--0 /~ or as soon thereafter as pos_sible on_ce _all required document~ have
been properl y provided to the Board and Auditor. This is the same sum prev10usly
approved, not an additional sum. No disbursement shall be made prior to those
documents having been properly provided.
ADOPTED this _+_::rn __ day of 'Qd.li..J1'LU /&1s.
J.\:N~JJ:...COUNTY COMMISSIONERS
c~~ WASHINGTON
ABSTAINED
Obie O'Brien, Vice-Chair
-~ -
~~sioner
APPROVED AS TO FORM:
Douglas R. Mitchell, Deputy Prosecuting Attorney
ft lerk of the Board-Julie Kjorsvik
D Deputy Clerk of the Board-Mandy Buchholz
700 E. Mountain View Aye, Suite 501 Ellensburg, WA 98926 (P) 509,925,1'411 110 Pennsylvania Ave. Cle Elum, WA 98922 (P) 500,674,2375 (P) 5011,674,5187
November 16, 2018
HopeSource will develop 49 units of Affordable Housing serving very low and extremely
low income households earning less than 50% AMI (Area Median Income) and 30% AMI
respectively. In addition 50% of the units will be set aside for homeless households and
disabled households. HopeSource has received tax credit awards from the Washington State
Housing Finance Commission (WSHFC) to support this project as well as Federal Housing Trust
Funds. HopeSource has engaged a developer and .has begun preliminary site work and has
engaged an architectural firm as well as a developer to begin design and build work. The design
of the project will be a mix of flats and town homes consisting of 1 and 2 bedroom units in a
garden style development. The project will adhere to Evergreen Standards maximizing low
energy appliances as well as construction design and material use to further energy savings.
Construction of the project is expected to begin in spring of 2019 with full occupancy
expected by summer of 2020. The requested funds from Kittitas County In the amount of
$500,000 and awarded to HopeSource will be used to compensate the partnership for funds
already expensed and purchase of the property to avoid additional loan interest payments. An
accounting of which follows. We wish to thank the BoCC of Kittitas County and the Homeless
and Affordable Housing Committee of Kittitas County for their support of this much needed
project.
CEO, HopeSource
700 E. Mountain View Ave. Suite 501 Ellensburg, WA 98926 (P) 509.925.1448 110 Pennsylvania Ave, Cle Elum, WA 98922 (P) 509.674.2375 (F) 509.674.5187
Exhibit A
Reimbursement Schedule
Payoff of existing land loan with Impact Capital
Land Loan Interest payments
Acquisition Loan Fees
Acquisition Title Escrow
Acquisition Legal
Appraisal
Architect
Land Appraisal
Organizational Legal
Market Study
Permit & Fees
Real Estate Tax
Survey
Misc. Admin
Total Reimbursed Expenses
$375,000.00
$28,726.05
$6,000.00
$2,164.78
$5,550.00
$2,500.00
$44,196.25
$1,000 .00
$16,324.00
$9,340.00
$3,009.37
$2,442.55
$2,750.00
$997.00
$500,000.00