https://longview.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1047622&GUID=4AF13215-F1AB-43FC-9CC4-4FAE61C35E20Legistar15https://longview.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1047622&GUID=4AF13215-F1AB-43FC-9CC4-4FAE61C35E204AF13215-F1AB-43FC-9CC4-4FAE61C35E20-2026-02-02-14-36-38Title: INTERLOCAL AGREEMENT FOR COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FLOAT LOAN TO THE LONGVIEW HOUSING AUTHORITY COUNCIL STRATEGIC INITIATIVE ADDRESSED: Council Initiative: Continue Effective Financial Management CITY ATTORNEY REVIEW: REQUIRED SUMMARY STATEMENT: This Interlocal Agreement with the Longview Housing Authority allows the City to provide a CDBG Float Loan for $300,000 for the Comrade Quarters rehabilitation activity for the Stratford Arms Apartments, 1312 Hemlock St., Longview. The agreement provides for a 1% interest rate on the loan. The Longview Housing Authority has agreed to repay the loan with interest on or before July 23, 2012. A public hearing was held on January 26, 2012 to add a Float Loan provision to its 2009-2013 Consolidated Plan and a Float Loan activity for Comrade Quarters during the 2011 CDBG Program year. Council directed the Acting City Attorney to prepare the Inter-Local Agreement at that meeting. A companion Resolution has also been prepared for adoption under a separate agenda item. The City has found it necessary to providMon, 02 Feb 2026 14:36:38 GMT