HomeMy WebLinkAbout95-118 - ADMIN Resolution - City Council - 1995/09/18RESOLUTION NO. 95i18
RESOLUTION AUTHORIZING APPLICATION FOR PHASE VIII
MHFA DEFERRED LOAN PROGRAM FUNDS
OCTOBER 01, 1995 THROUGH SEPTEMBER 30, 1997_
WHEREAS, since the Minnesota Housing Finance Agency (MHFA), State of
Minnesota, has authorized a program to provide deferred loans to property
owners for the purpose of housing rehabilitation; and
WHEREAS, since the inception °f e the required actram, the io t es of St. of MHFA
uis Park
has demonstrated the ability to performe
Deferred Loan Program; and
WHEREAS, the City of St. Louis I ofPark has develoed an the MHFA Deferred Loan Programi� and as an
Administering Entity for Phase VII
NOW, THEREFORE, be it resolved
tethat
Minnesotat of Housing Finance Agency Louis Park is hforba
authorized to make application to th
grant of funds pursuant to the Deferred Loan Program, Phase VIII;
BE IT FURTHER RESOLVED twithtthe administrationof St. Louis ark is of funds made
authorized as the entity to be charged
available through the Minnesota Housing Finance Agency Deferred Loan Program
in the City of St. Louis Park.
Adopted by the City Council September 18, 1995
ATTEST:
City erk
Reviewed for Administration:
II /s°a-9r'
Approved as to form and execution:
City Attorney
ta ?tee—