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HomeMy WebLinkAbout1994-045 EDARits adoption: Commissioner Celia Scott introduced the following resolution and moved EDA RESOLUTION NO. 94 45 RESOLUTION APPROVING ONE (1) BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY DEFERRED LOAN (FILENO. H -126 (805211 WHEREAS, the Brooklyn Center Economic Development Authority established a Home Rehabilitation Deferred Loan Program to assist low and moderate income individuals in the maintenance and repair of their homes; and WHEREAS, the Brooklyn Center Economic Development Authority has received one (1) application (file no. H -126 [80521) from eligible individuals to receive deferred loan assistance; and WHEREAS, an inspection by the City of Brooklyn Center has determined that the work is necessary and appropriate under the Brooklyn Center Economic Development Authority Deferred Loan Program; and WHEREAS, the estimated cost of the proposed deferred loan application is estimated at $15,000. NOW, THEREFORE, BE IT RESOLVED by the Brooklyn Center Economic Development Authority that: 1. The Brooklyn Center Economic Development Authority does approve the one (1) housing rehabilitation deferred loan application (file no. H -126 [8052]) as recommended by the staff. 2. That the work be performed as recommended in the request for council consideration form dated September 26, 1994, and that the applicants be directed to obtain the necessary bids for staff review and approval. 3. The project shall not exceed the deferred loan limit of $15,000. September 26, 1994 Date Todd Paulson, President The motion for the adoption of the foregoing resolution was duly seconded by commissioner Dave Rosene and upon vote being taken thereon, the following voted in favor thereof: Todd Paulson, Celia Scott, and Dave Rosene; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted. Commissioner Kristen Mann abstained.