HomeMy WebLinkAbout1992-036 CCR1
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Member Celia Scott introduced the following resolution
and moved its adoption:
RESOLUTION NO. 92 36
RESOLUTION EXPRESSING SUPPORT OF HOUSE FILES 2003, 2004,
AND 2005
WHEREAS, the City Council of the City of Brooklyn Center
has reviewed and discussed House Files 2003, 2004 and 2005; and
WHEREAS, House File 2003 proposes to disallow any
qualified residential interest in excess of $20,000 relating to
income tax deduction disallowances and requires additional revenues
due to this change be allocated to the Housing Assistance Account;
and
WHEREAS, House File 2004 requires the Commissioner of
Finance, on the Governor's request, to sell up to $20,000,000 in
state bonds and appropriates $20,000,000 to the Housing Finance
Agency for loans or grants for the purposes of the Neighborhood
Land Trust Program; and
WHEREAS, House File 2005 creates an annual appropriation
of funds in the Housing Assistance Account for housing
revitalization 80% of the Housing Development Fund from state
matching funds for federal Home Investment Partnership and 20% to
the Housing Trust Fund account.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL of the
City of Brooklyn Center that the Council expresses support for
House Files 2003, 2004 and 2005 as they represent an opportunity to
enhance Brooklyn Center's ability to provide for revitalization of
its residential neighborhoods and create funding opportunities to
implement neighborhood revitalization plans.
ATTEST:
February 24, 1992
Date
Deputy Clerk
Todd Paulson, Mayor
The motion for the adoption of the foregoing resolution was duly
seconded by member Jerry Pedlar and upon vote being
taken thereon, the following voted in favor thereof:
Todd Paulson, Celia Scott, Jerry Pedlar, Dave Rosene, and Philip Cohen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.