HomeMy WebLinkAbout1982-260 CCRMember Bill Hawes introduced the following resolution and moved
its adoption:
RESOLUTION NO. 82 260
RESOLUTION AUTHORIZING JOINT POWERS AGREEMENT FOR A SINGLE
FAMILY HOUSING REVENUE BOND PROGRAM
WHEREAS, a Joint Powers Agreement, in accordance with Minnesota Statutes,
Section 471.59 and Chapter 462C, has been proposed between and among the City of
Brooklyn Center, Minnesota, the City of Columbia Heights, Minnesota, and the City
of Moorhead, Minnesota, each a municipal corporation and political subdivision of
the State of Minnesota, and the Housing and Redevelopment Authority in and for the
City of Robbinsdale, Minnesota, a body corporate and politic organized under the
laws of the State of Minnesota (collectively the "Issuers and
WHEREAS, the purpose of the Joint Powers Agreement is to meet the needs
of the Cities of Brooklyn Center, Columbia Heights, Moorhead, and Robbinsdale to
preserve the quality of life through the maintenance provision and preservation of
adequate housing stock, to encourage new housing construction, and to provide in
a timely fashion affordable housing to persons of low and moderate income who are
unable to afford housing at current market interest rates or to obtain housing
financing because of the severely restricted mortgage credit market; and
WHEREAS, the Issuers, in order to promote the public health, welfare,
and prosperity will undertake a joint program of providing below market interest
rate mortgage loans primarily to person of low and moderate income to finance the
purchase of homes within the geographic limits of the Cities of Brooklyn Center,
Columbia Heights, Moorhead and Robbinsdale upon terms and conditions not otherwise
generally affordable to such persons in the private mortgage market.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn
Center that it hereby authorizes and directs its Mayor and City Manager to enter
into and execute on behalf of the City of Brooklyn Center the Joint Powers Agreement
For A Single Family Housing Revenue Bond Program.
December 27, 1982
Date
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ATTEST:
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The motion for the adoption of the foregoing resolution was duly seconded by
member Celia Scott and upon vote being taken thereon, the
following voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill
Hawes, and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.