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Packet 03212022
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Last modified
4/1/2022 12:12:47 PM
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4/1/2022 12:12:12 PM
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CM City Clerk-City Council
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Reso 2022-050 Nimitz Hotel Purchase Agreement
(Approved by)
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\City Clerk\City Council\Resolutions\2022
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Available <br />Funding <br />Sources for <br />Nimitz <br />Motel <br />Acquisiton & <br />Conversion <br />City Sources <br />•City Affordable Housing Trust Fund <br />•City Low Mod Housing Fund/former Redevelopment <br />•City General Fund ($1.6 mil for operations/services) <br />•State Permanent Local Housing Allocation <br />•State Homeless Housing, Assistance and Prevention (HHAP) <br />•Federal <br />•$750K - American Rescue Plan Act (ARPA) <br />•HUD Community Development Block Grant & HOME <br />State (approx. $5.5 million to $7.5 million) <br />•Project Homekey - <br />acquisition/renovations/operations/relocation
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