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Valley CDC Resolution to Mayor April 3, 2008 Upon the recommendation of Mayor Clare Higgins and the Community Preservation Committee. BE IT ORDERED WHEREAS, The need for opportunities for home-ownership counseling for low-income Northampton residents has been repeatedly documented by the Northampton Housing Partnership and other community housing organizations. WHEREAS, The proposed project meets goals of both the Sustainable Northampton Plan and the Community Preservation Committee. WHEREAS, Valley Community Development Corporation has a long history of success in helping qualified first-time-home-buyers purchase and keep homes. WHEREAS, On March 19, 2008, the Northampton Community Preservation Committee voted to recommend $26,161 in Community Preservation Act funds be used to support this project. NOW, THEREFORE BE IT ORDERED, That $26,161 is appropriated from Community Preservation Act funding to the Valley Community Development Corporation for outreach, marketing, counseling, and assistance for the first time homebuyer program in the City of Northampton. And, that the grantee meets the conditions substantially approved by the Community Preservation Committee, the Mayor, and City Council. Specifically, $26,161 is appropriated from the CPA Budgeted Reserve (account #2344930- 359930)