HomeMy WebLinkAbout1997-005 EDAR1
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Commissioner Kathleen Carmody introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 97 -05
RESOLUTION AUTHORIZING SUBMITTAL OF A REQUEST FOR
PROPOSAL UNDER THE 1997 MINNESOTA CITY PARTICIPATION
PROGRAM (MCPP)
WHEREAS, on January 3, 1997, the Minnesota Housing Finance Agency (MHFA)
issued a Request for Proposals for the 1997 Minnesota City Participation Program (MCPP); and
WHEREAS, through the MCPP, MHFA sells mortgage revenue bonds on behalf
of cities to meet locally identified housing needs for low and moderate income first -time home
buyers; and
WHEREAS, the Economic Development Authority in and for the City of Brooklyn
Center would like to access these housing resources to meet the needs of its citizens; and
WHEREAS, County housing and redevelopment authorities are eligible participants
for MCPP funds.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center that, in accordance with MSA 383B.77, Subd.
2, the Economic Development Authority in and for the City of Brooklyn Center requests the
Hennepin County Housing and Redevelopment Authority include the City of Brooklyn Center in
an application for MCPP funds to MHFA.
February 10, 1997
Date President
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Robert Peppe and upon vote being taken thereon, the following voted in
favor thereof:
Myrna Kragness, Kathleen Carmody, Debra Hilstrom, Kay Lasman, and Robert Peppe;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.