HomeMy WebLinkAbout97-113 - ADMIN Resolution - City Council - 1997/09/02RESOLUTION NO. 7 7- 1 1 3
RESOLUTION AUTHORIZING APPLICATION FOR PHASE IX
MHFA DEFERRED LOAN PROGRAM FUNDS
OCTOBER 01, 1997 THROUGH SEPTEMBER 30, 1999
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 of the program, the City of St. Louis Park has
demonstrated the ability to perform the required activities of the MHFA Deferred Loan
Program; and
WHEREAS, the City of St. Louis Park has developed an application as an
Administering Entity for Phase IX of the MHFA Deferred Loan Program; and
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, Phase IX;
BE IT FURTHER RESOLVED that the City of St. Louis Park is hereby authorized as
the 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 September 2; 1997
Mayor
ATTEST:
Reviewed for Administration.
cbc.e A, 06/,,,