HomeMy WebLinkAbout89-97 - ADMIN Resolution - City Council - 1989/07/10RESOLUTION NO. 89-97
RESOLUTION AUTHORIZING APPLICATION FOR
MHFA DEFERRED LOAN PROGRAM FUNDS
WHEREAS, the Minnesota Housing Finance Agency, State of Minnesota, has
been authorized to undertake a program to provide deferred loans to
property owners for the purpose of housing rehabilitation; and
WHEREAS, the City of St. Louis Park has developed an application as an
Administering Entity for the Minnesota Housing Finance Agency Deferred Loan
Program; and
WHEREAS, the City of St. Louis Park has demonstrated the ability to
perform the required activities of the Minnesota Housing Finance Agency
Deferred Loan Program;
NOW, THEREFORE, be it resolved that the City of St. Louis Park is
hereby authorized to make application to the Minnesota Housing Finance
Agency for a grant of funds pursuant to the Deferred Loan Program;
BE IT FURTHER RESOLVED that the City of St. Louis Park is hereby
authorized as an entity to be charged with the administration of funds made
available through the Minnesota Housing Finance Agency Deferred Loan
Program in the City of St. Louis Park.
Adopted by the City Council July 10, 1989
ATTEST:
Reviewed for Administration:
I1' 4 £ ' X�h
Approved as to form and execution:
City Manager City At to