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Paradise Pond Resolution to Mayor July 2, 2008 Upon the recommendation of Mayor Clare Higgins and the Community Preservation Committee. BE IT ORDERED WHEREAS, The Paradise Pond Community Housing Project serves an important public benefit by providing housing and stabilization for previously homeless families in the community WHEREAS, The project benefits from a wide range of support from the community WHEREAS, Ongoing funding from the Department of Housing and Urban Development is contingent upon this years gap funding WHEREAS, HAP, Inc. has excellent track record over many years of supporting affordable housing in Northampton NOW, THEREFORE BE IT ORDERED, That $26,627 be appropriated from Community Preservation Act funding to the Paradise Pond Community Housing Project for support of housing and stabilization for previously homeless families in the community.And, that the grantee meets the conditions substantially approved by the Community Preservation Committee, the Mayor, and City Council. Specifically, $26,627 is appropriated from the CPA Budgeted Reserve (account #2344930- 359930).