HomeMy WebLinkAboutR-1994-005 Innovative Housing Program.•
RESOLUTION NO R-94- 5
A RESOLUTION authorizing and directing the City Manager of the City of
Yakima to execute a Contingent Loan Agreement with the Yakima Housing
Authority for implementation of the Partnership for Innovative Housing
Program
WHEREAS, the City of Yakima currently administers funds for
redevelopment of substandard housing including detrimental land parcels,
and
WHEREAS, the following lending institution, U S Bank will
participate in that program upon execution by the City of Partnership for
Innovative Housing with the Yakima Housing Authority and City Council
deems it to be in the best interests of the City that the agreement be executed
by the City, now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA.
The City Manager is hereby authorized and directed to execute a
Contingent Loan Agreement in substantially the form attached hereto, subject
to final approval of the terms and conditions by the City Attorney
ADOPTED BY THE CITY COUNCIL THIS25t day of January , 1994.
ATTEST
c» -c
City Clerk
Mayor
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
PARTNERSHIP FOR INNOVATIVE HOUSING
January 10, 1994
PROGRAM PARTICIPANTS ROLES AND RESPONSIBILITIES
The Office of Housing and Neighborhood Conservation (OHNC) and Yakima
Housing Authority (YHA) in partnership will prepare and summarize housing
developments for the program. Program responsibilities will be as follows:
• Identify and purchase property for development.
• Design project development, summarize cost and forward to OHNC.
• Review developments and costs and write request to U.S. Bank for
transfer of escrow set-aside for project costs.
• Organize work force, material venders and/or construction.
• Refer potential YHA applicants housed in public housing units.
• Verify potential new owners using lender loan underwriting criteria,
send to Yakima Federal Savings and Loan for pre -loan approval.
• Start construction of the site and request draws, signed by both agencies
for payment.
• Review draws, inspect construction and authorize payment from
established line of credit.
• Complete construction and request final payment with lien releases
from all subcontractors.
• Final inspection and authorize final payment draw.
• Send loan costs for development to Yakima Federal Savings and Loan
for loan approval.
• Receive loan funds from Yakima Federal Savings and Loan and return
to YHA for repayment to line of credit.
City of Yakima Office of Housing and Neighborhood Conservation
Partnership For Innovative Housing
May 25, 1993
Partnership for Innovation Housing is a program for the development of housing using
innovative materials, methods and efforts from both public and private markets. This
partnership will consist of the Yakima Housing Authority (YHA), City of Yakima Office of
Housing and Neighborhood Conservation (OHNC) and private lending institutions. The intent of
the partnership will be to use donated land from OHNC, design and development by YHA and
initial funding for construction and permanent financing obtained through a loan from the
private market for a low/moderate income first time homebuyer.
This program will utilize products, such as non -wood and high energy products which are
presently being reviewed as alternatives to those currently used in construction. In addition to
the innovative concept of material substitution, the program will use apprentice labor from
Central Washington Home Builders Association to provide job skill training to valley residents.
Many local material suppliers have initiated a good faith commitment to donate materials for the
project.
These efforts will develop a potential home to be occupied by a family previously housed in
pubic or substandard housing, and now through sweat equity, in lieu of a down payment, will be
eligible for a home purchase loan. The individual responsibilities and commitments of the
participants can be perceived as a beginning to the future of home building and affordable
housing for our community families. The anticipated individual cost is approximately
$50,000 to $65,000 and will be funded through a line of credit from the private lender. This
initial construction financing will be repaid when the owner receives a homeownership loan to
purchase.
The positive aspects of the program are:
• determining the efficiency of new products,
• alternatives to wood products,
• reduced building cost,
• job training for resident,
• increase of qualified technical personnel available to
employers,
• homeownership opportunities,
• transfer of families from public housing to the private market,
• offer decent and affordable housing to flow/moderate income
families,
• improvement of existing neighborhoods,
• place improved land back on tax roles.
If the initial program is successful, it can be replicated for future projects throughout our
community.
PRESTON
THORGRIMSON
SHIDLER
GATES & ELLIS
ATTORNEYS AT LAW
Mr, Tim Jensen
City of Yakima
129 N. 2nd Street
Yakima, WA 98901
Re: Housing Financing Issues
Dear Tim:
January 21, 1994
5000 Columbia Center
701 Fifth Avenue
Seattle, WA 98104.7078
Telephone: (206) 623-7380
Facsimile: (206) 6234022
We understand that the City of Yakima is considering entry into a transaction with the
Yakima Housing Authority pursuant to which the Authority would incur indebtedness in the
amount of approximately $500,000 for the purpose of funding the construction of single family
housing for resale to low income home buyers. The implementation of the program would be a
joint effort pursuant to an agreement between the Authority and the City but the Authority would
be the contractor/owner. The borrowing by the Authority would be secured, in part, by the
agreement of the City to make loans to the Authority (as authorized by RCW 35,83,050) for the
purpose of replenishing the reserve account securing such borrowing if it is drawn down by the
Authority in order to prevent a default. The maximum amounts and terms of such loans would be
specified by agreement between the City and the Authority,
We do not believe that the agreement to make such a loan would be considered a debt of
the City of Yakima for purposes of the statutory or constitutional debt limits applicable to
Washington cities The city's obligation would be contingent on future events—in particular the
default of the Authority under its obligations incurred with respect to the borrowing. Once such a
contingency occurs, the obligation of the City probably would become such a debt (although this
is unclear if paid within the current fiscal year) and would become a debt if carried over to fiture
fiscal years or funded out of a borrowing.
We have not addressed the appropriate accounting treatment of such a transaction. This
opinion addresses the general concept in question. The specific language of the agreement may
affect the conclusions stated above or raise other issues. We would be glad to review that
agreement if that would be helpful.
Very truly yours,
PRESTON THORGRIMSON SHIDLER
GATES & ELLIS
By
Forrest W. Walls
FWW:rkr
J:1twa120337•60.002103L922 DOC
Anchorage , Coeur d'Alene • Portland , Spokane , Tacoma , Washington, D.C.
FOSTER PEPPER & SHEFELMAN
BELLEVUE. WASHINGTON OFFICE
1206) 451 0500
TELECOPIER 1206) 453 5487
VIA FEDERAL EXPRESS
Mr. James Adamski
Executive Director
Yakima Housing Authority
110 Fair Avenue
Yakima, WA 98901
A LAW PARTNERSHIP INCLUDING
PROFESSIONAL SERVICE: CORPORATIONS
1111 THIRD AVENUE
SUITE 3400
SEATTLE. WASHINGTON 98101
(206) 447 4400
TELECOP)ER (206) 447 9283
TELEX (206) 32-8024
ANSBK. FOSTER LAW SEA
January 7, :L994
PORTLAND OREGON t.rhlCE
1503) 221 0607
TELE:COPIER 1503) 2211510
DIRECT DIAL: (2081 447.8l 78
Re: Contingent Loan Agreement Between City of Yakima and
Yakima Housing Authority Re: Home Ownership Line of
Credit
Dear Jim:
Enclosed is a "clean" copy of the most recent version of the
Contingent Loan Agreement for use in connection with the Yakima
Housing Authority's line of credit from U.S. Bank. I have included
two versions of page 1 of the Agreement (one version contains the
note as to what the City's conditions might be and the other
version does not). Please attach the desired page 1 to the
remainder of the document before sending it to the City for
approval.
As always, please call if you have any questions.
Sincerely,
FOSTER PEPPER & SHEFELMAN
Deborah S. Winter
DSW
Enclosure
0048286 WP
Draft of 12/29/93
CONTINGENT LOAN AGREEMENT
THIS CONTINGENT LOAN AGREEMENT (this "Agreement") by and
between THE CITY OF YAKIMA, WASHINGTON (the "City"), and THE
HOUSING AUTHORITY OF THE CITY OF YAKIMA, a public body corporate
and politic of the State of Washington (the "Authority");
WITNESSETH:
WHEREAS, Revised Code of Washington ("RCW") Section 35.83.050
provides that a city may lend or donate money to a housing
authority or agree to take such action; and
WHEREAS, the Authority, by its Resolution No. , adopted
, 1994, authorized the issuance of the Authority's
Home Ownership Line of Credit Revenue Bond, 1994 (the "Bond") in a
principal amount not to exceed $ for the purpose of
providing the funds with which to finance the development and
construction of homes for sale or rental to low and moderate income
persons and families (the "Project"); and
WHEREAS, the City, by [Resolution/Ordinance] No. adopted
, 1994, declared its intent, if certain conditions are met
[Note: some of these conditions will be the City's approval of the
interest rate on the Bond, the City's right to approve loan
disbursements, and the maintenance of a separate fund for the
deposit of Bond proceeds; the City also requests that the Bond not
be subject to acceleration by the Bank.), to enter into a
contingent loan agreement with the Authority to evidence the City's
commitment to make loans to the Authority if and to the extent
necessary to make payments of the principal of and interest on the
Bond when due; and
WHEREAS, the City, by [Resolution/Ordinance] No. , adopted
, 1994, approved the form and execution of this
Agreement;
NOW, THEREFORE, in consideration of the mutual covenants
hereinafter contained, the parties hereto covenant and agree as
follows.
ARTICLE I
Incorporation of Documents: Definitions
Section 1.01. Incorporation of Documents. Copies of
Resolution No. of the Authority, adopted , 1994 (the
"Bond Resolution") and of the Bond are attached hereto as Exhibits
A and B, respectively. The Authority shall not amend the Bond
Resolution or the Bond without the prior written consent of the
City so long as this Agreement is in effect.
110281.2
Section 1.02. Definitions. Unless the context clearly
requires otherwise, the following terms shall have the respective
meanings set forth below for all purposes of this Agreement.
General :Revenues means all revenues (other than Revenues) of
the Authority from any source, but: only to the extent that those
revenues are available to pay debt service on the Bond and are not
pledged, :by law, regulation, contract, covenant, deed of trust or
otherwise, to another particular purpose.
Revenues means all amounts due to or received by the Authority
pursuant or with respect to the Project, including without
limitation all lease payments, insurance proceeds, condemnation
awards, and net proceeds from the sale of any dwellings financed
with proceeds of the Bond.
All other capitalized terms used but not defined in this
Agreement shall have the meanings assigned to them in the Bond
Resolution.
ARTICLE II
Loans to the Authority`
Repayment Terms; Interest RateLLimitation of Liability
Section 2.01. Loans to the Authority. The City agrees to
lend to the Authority the principal amount, as determined in
accordance with Section 2.05, equal to the amount sufficient,
together with Revenues from the Project available after payment of
operation and maintenance expenses, to pay the principal of and
interest on the Bond when due. The Authority agrees to borrow the
amounts described above from the City pursuant to this Agreement
for the purpose of meeting its obligations under the Bond and the
Bond Resolution.
The total amount of funds to be lent by the City pursuant to
this Agreement shall not exceed the principal amount of the Bond
plus interest due and unpaid by the Authority.
Section 2.02. Time of Loan. The loan shall be made at such
time, if any, as the Authority is unable, because of lac:k of
available Revenues from the Project, to pay the principal of and -
interest on the Bond when due. The loan may be made in a series of
principal advances.
Section 2.03. Repayment Terms. The loan shall be repaid on
terms established at such time as funds are advanced, which terms
shall include semiannual payments of principal and interest
amortized over a term of five years. Such terms also shall require
the repayment of principal of such advance and interest thereon
from the Authority's General Revenues and from the first available
110281.2
-2-
Revenues from the Project after payment of operation and
maintenance costs and debt service on the Bond.
Section 2.04. Interest Rate. The rate of interest borne by
each advance hereunder shall be a variable rate of interest equal
to the rate announced from time to time by U.S. Bank of Washington,
National Association, as its prime rate, plus 2% per annum, but at
no time shall the rate of interest on any loan hereunder exceed 12%
per annum. The City may in its discretion charge a lower rate of
interest.
Section 2.05. Procedures. The Authority shall give written
notice to the City, at least 30 days prior to each date payment is
due on the Bond, of any anticipated deficiency in the amounts
available to make such payment, and shall confirm the amount of
such deficiency not later than five days prior to the payment date.
The City shall deliver the amount so specified to the Authority not
later than the business day prior to the day payment is due on the
Bond, and the Authority shall apply such amount to the payment due
on the Bond. The Authority also shall provide, with or prior to
the submission to the City of the certificate requesting funds, an
accounting of its operation of the Project, including cash flow
projections and a loan repayment plan.
Section 2.06. Nature of Authority's Obligation. The
obligation of the Authority to make the loan payments from the
sources identified herein and to perform and observe the other
obligations on its part contained herein shall be absolute and
unconditional, and shall not be subject to diminution by setoff,
counterclaim, abatement or otherwise.
Section 2.07. Nature of City's Obligation. The obligation of
the City to advance funds to the Authority in the amounts, at the
times and in the manner described herein shall be absolute and
unconditional, and shall not be subject to diminution by setoff,
counterclaim, abatement or otherwise.
The obligations of the City hereunder shall terminate upon
payment in full of the principal of and interest on the Bond.
ARTICLE III
Authority Covenants and Agreements
Section 3.01. Reports and Records. The Authority agrees to
provide to the City upon request, within 30 days of the Authority's
receipt or preparation of such documents, copies of the Authority's
audited and unaudited financial statements. In addition, the
Authority agrees that the City may have access to and inspect,
examine and make copies of the books and records and any and all
accounts and data of the Authority relating to the Project, and
shall deliver to the City monthly statements of account relating to
the Project.
110281.2
-3-
Section 3.02. Payments to City. The Authority shall
reimburse the City for all out-of-pocket costs, including
attorneys' fees, incurred by the City in negotiating and entering
into this Agreement.
Section 3.03. Project Completion. The Authority ;shall
proceed with due diligence with the Project and will use its best
efforts to market the homes financed with Bond proceeds to
qualified persons as quickly as possible.
ARTICLE; IV
Remedies Upon Default
Section 4.01. Rights of City Upon Makinct Loans, :If the City
has made any loans to the Authority hereunder and such loans have
not been repaid in full (whether or not the loan is in default),
the City may take any one or more of the following steps:
(a) The City may accelerate the maturity of the Bond in
accordance with the Bond Resolution;
(b) If the Authority is in default in its repayment
obligations with respect to any loans made to the Authority ]by the
City hereunder (an "Authority Default") and if, and only if,, the
Bond is no longer Outstanding, the City may declare the entire
principal balance of the loan (if not then due and payable) to be
due and payable immediately, and upon any such declaration the
principal of the loan shall become and be immediately due and
payable, together with all interest accrued thereon to the date of
such acceleration, anything in this Agreement to the contrary
notwithstanding. The City may waive such Authority Default and may
rescind and annul such declaration and its consequences; but no
such waiver, rescission or annulment shall extend to or affect any
subsequent Authority Default or impair any right incident thereto;
(c) The City may, but shall not be required to, appoint a
manager (which may be the City) for the Project; and
(d) The City may proceed to protect and enforce its rights in
equity or at law, either in mandamus or for the specific
performance of any covenant or agreement contained herein, or for
the enforcement of any other appropriate legal or equitable remedy,
as the City may deem most effectual to protect and enforce any of -
its rights or interests hereunder.
Section 4.02. Remedies of Authority on Default. Upon the
occurrence of a default by the City in its obligations to make
loans to the Authority hereunder (a "City Default") the Authority
may proceed to protect and enforce its rights in equity or at law,
either in mandamus or for the specific performance of any covenant
or agreement contained herein, or for the enforcement of any other
appropriate legal or equitable remedy, as the Authority may deem
110281 /
-4-
most effectual to protect and enforce any of its rights or
interests hereunder.
Section 4.03. No Remedy Exclusive. No remedy conferred upon
or reserved to either party by this Agreement is intended to be
exclusive of any other available remedy or remedies, but each and
every such remedy shall be cumulative and shall be in addition to
every other remedy given under this Agreement or now or hereafter
existing at law or in equity or by statute, and either party hereto
shall be free to pursue, at the same time, each and every remedy,
at law or in equity, which it may have under this Agreement, or
otherwise.
Section 4.04. No Implied Waiver. No delay or omission to
exercise any right or power accruing upon any default shall impair
any such right or power or shall be construed to be a waiver
thereof, but any such right and power may be exercised from time to
time and as often as may be deemed expedient. For the exercise of
any remedy, it shall not be necessary to give any notice, other
than such notice as may be expressly required herein.
Section 4.05. Agreement to Pav Attorneys' Fees and Expenses.
If a default arises under any of the provisions of this Agreement
and either party hereto should employ attorneys or incur other
expenses for the collection of amounts due under this Agreement or
the enforcement of performance or observance of any obligation or
agreement on the part of the other party contained in this
Agreement, on demand therefor, the nonprevailing party shall pay or
reimburse the prevailing party for the reasonable fees of such
attorneys and such other expenses so incurred.
ARTICLE V
Miscellaneous
Section 5.01. Governing Law; Venue. This Agreement is
governed by and shall be construed in accordance with the
substantive laws of the State of Washington and shall be liberally
construed so as to carry out the purposes hereof. Except as
otherwise required by applicable law, any action under this
Agreement shall be brought in the Superior Court of the State of
Washington in and for Yakima County and/or in the United States
District Court for the Eastern District of Washington.
Section 5.02. Notices. Except as otherwise provided herein,
all notices, consents or other communications required hereunder
shall be in writing and shall be sufficiently given if addressed
and mailed by first-class, certified or registered mail, postage
prepaid and return receipt requested, as follows:
110281.2
-5-
To the City:
City of Yakima
Yakima, Washington 98
Attention:
To the Authority:
Housing Authority of the City of Yakima
110 Fair Avenue
Yakima, Washington 98901
Attention: Executive Director
The City or the Authority may, by notice given hereunder,
designate any further or different addresses to which subsequent
notices, certificates, requests or other communications shall be
sent. Notices shall be deemed served upon deposit of such notices
in the United States mail in the manner provided above.
Section 5.03. Binding Effect. This Agreement shall inure to
the benefit of and shall be binding upon the City and the Authority
and their successors. This Agreement may not be assigned.
Section 5.04. Severability. In the event any provision of
this Agreement shall be held invalid or unenforceable by any court
of competent ,jurisdiction, such holding shall not invalidate or
render unenforceable any other provision hereof.
Section 5.05. Amendments; Termination. This Agreement may
not be effectively amended, changed, modified or altered, except by
an instrument in writing duly executed by the City and the
Authority (or their successors in title) , and only with the consent
of the owner of the Bond. This Agreement may not be terminated
until the Bond. has been paid in full or defeased, unless the City
has assumed all liability for payment of the principal of and
interest on the Bond when due and shall have pledged its full faith
and credit to such payment.
Section 5.06. Waiver of Breach. No waiver of any breach of
any covenant or agreement contained herein shall operate as a -
waiver of any subsequent breach of the same covenant or agreement
or as a waiver of any breach of any other covenant or agreement,
and in case of a breach by either party of any covenant, agreement
or undertaking, the nondefaulting party may nevertheless accept
from the other any payment or payments or performance hereunder
without in any way waiving its right to exercise any of its rights
and remedies provided for herein or otherwise with respect to any
such default or defaults that were in existence at the time such
payment or payments or performance were accepted by it.
110'281.2
-6-
Section 5.07. No Rights Created in Third Parties. The terms
of this Agreement are not intended to establish nor to create any
rights in any persons or entities other than the City and the
Authority.
Section 5.08. Time of Essence. Time and all terms and
conditions shall be of the essence of this Agreement.
Section 5.09. Termination of Agreement. This Agreement shall
terminate upon payment in full of all principal of and interest on
the Bond (or defeasance thereof pursuant to the Bond Resolution).
ORAL AGREEMENTS OR ORAL COMMITMENTS TO LEND MONEY, EXTEND
CREDIT, OR FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT
ENFORCEABLE UNDER WASHINGTON LAW.
IN WITNESS WHEREOF, the City and the Authority have caused
this Agreement to be executed in their respective names by their
duly authorized officers, and have caused this Agreement to be
dated as of , 1994.
Attest:
CITY OF YAKIMA, WASHINGTON
By
HOUSING AUTHORITY OF THE CITY OF
YAKIMA
Executive Director
110281.2
By
Chair, Board of Commissioners
-7-
Equal Housing
Opportunity
August 3, 1993
YAKIMA HOUSING AUTHORITY
110 Fair Avenue • Yakima, Washington 98901 • Phone (509) 453-3106
Ma. Dixie Kracht, Block Grant Manager
City of Yakima
Office of Housing and Neighborhood Conservation
:112 So. 8th St.
Yakima, WA 98908
Dear Dixie:
The City of Yakima Housing Authority Board of Commissioners reviewed and voted
unanimously to support the City of Yakima Office of Housing and Neighborhood
Conservation "Partnership for Innovative Housing Program."
This program is needed due to the loss of starter homes, increases in coat o_
construction materials and the population growth in the Yakima Valley.
Combining the efforta of the City, YHA and private sector we will be able to
develop cost and energy efficient housing that will be affordable to first
time home buyers. In addition, we will be able to design homes that fit
various neighborhood styles.
The YHA Board of Commissioners fully supports this innovative cooperative
effort and has instructed staff to assist in whatever way necessary. In fact
we are ready to start construction, we have the site , e full set of plans,
and specifications for alternative construction materials.
Please inform us of Council's decision and when we can start. Good luc:k.
Thank You,,
'10,24f-veMet#0_4eA4:
James L. Adeaalki
Executive Director
J
Equ91 Housing
Opportunity
YAKIMA HOUSING AUTHORITY
110 Fair Avenue • Yakima Washington 98901 • Phone (509) 453,3106
YAKIMA HOUSING AUTHORITY
REGULAR MEETING
MINUTES
NOVEMBER 24,1993
COMMISSIONERS PRES 1jI
FRANCIS BADU
MICHEAL DELGADO
JEAN ALLEN
COMMISSIONERS NOT 'RESENT
BARBARA HARRIS
STAFF'_ PRESENT
JAMES ADAMSKI
ALAN BASHAW
SHARON WANDLER
OTHERS PRESENT
ARAM STEPHANIAN
ALICE SMITH
DICK LANE
LEE CLARK
DAN TILLEY
MIKE MERCY
MACILE COWMAN
LOIS WARDELL
BOB WARDELL
Call to Order
Meeting was called to order by Vice Chairperson Francis Badu at
3:17 p.m.
Ayproval of Minutes
The minutes of the October 27, 1993 Regular Meeting were presented.
Commissioner Delgado moved that the minutes be adopted and approved
as received. Commissioner Allen seconded, motion carried.
=Lament Report
DIRECTOR'S REPORT
INNOVATPjE HOUSING PROJECT
Director Adamski updated the status of the Innovative Housing
Project's Prototype House This unit will be built as a model,
demonstrating innovative materials, methods of construction, and
public/private partnership consisting of the YHA, Yakima Office of
Housing and Neighborhood Conservation and a private lending
institution. This partnership will use donated land from OHNC,
design and development by the YHA and initial funding for
construction provided by U.S. Bank on a tax-exempt basis and
(2)
guaranteed by the City of Yakima. Permanent financing will be
obtained through a .loan from the private market for a low,/moderate
income first time homebuyer. Ater discussion the board instructed
Director Adamski to proceed with the program contingent on. the City
of Yakima participation in a tax exempt bond financing.
IDC ,PRESENTATIO.0
Aram Stephanian and Alice Smith from :[Dc were present to introduce
another potential Development Proposal. The project is 1/3rd the
size of the previous proposal. Site plans and floor plans were
reviewed. Units were 3 -bedroom, with four different 2 -bedroom
floor plans and two different one bedroom floor plans. Development
would contain a 50/50 mix of subsidized and non -subsidized units.
Land is more expensive at the planned location for the development.
Density is below standards of R-3.
aubmissisn o ells Commissioner Alien moved that HUD Vouchers
12441 through 12776 in the amount of $242,071.72, Section 8
vouchers 41078 through 41356 in the amount of $106,165.69, and
Development (Linda Vista) 178 through 180 in the amount of
$391,800.92 for a total of $740,038.92 for the period ending
November 24, 1993 be approved as submitted. commissioner Delgado
seconded, motion carried.
SCATTERED SITE 'ROP4.SAL
Dan Tilley and Bob Wardell presented a scattered -site proposal for
developing housing units closer to the core of Yakima. The units
are will assist neighborhoods according to Mr. Tilley and is
consistent with the City of Yakima's goals, Vision 2000 and the
YHA. Suggested site plans were reviewed. Units would provide
security, parking and direct access to dwelling unit.
Commissioner Allen questioned whether the units could be structured
for home -ownership opportunities. Mr. Wardell and Mr. Tilley
thought that would be possible, but would have to research further.
The Board directed Director Adamski to gather the necessary
financial information for the January Board Meeting.
?DJOURNMENT
Vice Chairperson Badu adjourned the meeting at 4:45 p.m.
Secretary
RECEIVED
i'JL 26 1993
HOUSING
118 EAST YAKIMA AVENUE, P 0 BOX 1526, YAKIMA, WASHINGTON 98907
TELEPHONE. (509) 248-2634 • FAX (509) 575-8405
July 23, 1993
Ms. Dixie Kracht, Block Grant Manager
Office of Housing and Neighborhood Conservation
112 South Eighth Street
Yakima, Washington 98901
Dear Dixie:
Yakima Federal Savings and Loan Association is pleased to join
the "Partnership for Innovative Housing" program. You have our
promise that we will work just as hard for the success of this
program as we have for all the others. Our only stipulation is
that we have the opportunity to review our participation on an
annual basis.
The cooperation between the public and private sectors to
provide affordable housing for our community has worked to build
better neighborhoods and citizens. The broad base support for this
program plus the innovative approach you have used will guarantee
success.
LM: sr
BRANCHES YAKIMA. PASCO, RIC it AND SUNNYSIDE, ELLENSBURG, PROSSER, KENNEWICK
Weehr
/0)o
�
!!dale ASSOC
July 12, 1993
CENTRAL WASHINGTON HOME BUILDERS ASSOCIATION
TRAINING PROGRAM
10185. 33RD AVENUE YAKIMA, WA 98902
Ms. Dixie Krach
Office of Housing Services
112 S. 8th Street
Yakima, WA 98901
(509) 453-7561
Dear Ms. ]Krach,
The CWHBA Training Program is going to be conducting our Fall.
Craft -Skills class starting August 16. The class will
consist of 15 economically disadvantaged individuals who are
wanting to enter into the residential construction industry.
The first week is classroom instruction and the following
four weeks are hands on instruction. In order to give the
trainees the most realistic experience possible, we conduct
four weeks of training on a construction site. The
contractor/owner provides the material and we 'perform the
labor. You had mentioned that you were going to have several
construction projects starting during the month of August.
The CWHBA Training Program is very much interested in working
on one of those projects. The hands on portion of the
training will begin on August 23 and end on September 20.
The class will spend five weeks of 40 hours each on the
project. With past classes, we have been able to complete
the framing, soffets, siding and installed windows in that
time period.
By the weeks, _ trainees :
_� �, e end of the five �teeti_� , �`_
* Will be qualified for an entry level position in
residential carpentry.
* Will have a better understanding of the teamwork
concept.
* Will have established a career goal.
* Will understand the :importance of punctuality and
attendance.
The main objective of this program is to encourage the
development of employability skills that will assist trainees
in obtaining and maintaining steady employment. With this
objective in mind, we strive for a strong learning
experience for the Trainees while demanding quality in the
project constructed.
:[n the past we have worked on several projects with the
"Building the Future of Central Washington by
passing acquired skills from one generation to another"
Yakima City Parks Department. If you have any questions
about the quality or conduct of our program, contact either
Dave Flarity or John Marsh. Both these individuals have
worked very closely on several projects.
I am looking forward to working on this project. Through our
joint efforts we can impact the community for better housing
and employment opportunities.
Enclosed is a copy of a project agreement that we have used
on previous projects. There may be parts that do not apply
to this project.
If you have any questions, please don't hesitate to contact
me at 453-7561.
Sincerely,
Joseph R. Seidel
Director