HomeMy WebLinkAbout1992-017 EDAR1
1
Commissioner Celia Scott
resolution and moved its adoption:
EDA RESOLUTION NO. 92 -17
introduced the following
RESOLUTION AUTHORIZING EXECUTION OF PROGRAM APPLICATION
COMMITMENT AGREEMENT FOR THE MINNESOTA HOUSING FINANCE
AGENCY'S MINNESOTA CITY PARTICIPATION PROGRAM
WHEREAS, the Brooklyn Center Economic Development
Authority has submitted an application for the Minnesota Housing
Finance Agency's Minnesota City Participation Program, to provide
mortgage funds for qualified first time home buyers in the City of
Brooklyn Center; and
WHEREAS, the Minnesota Housing Finance Agency has
granted an allocation under the Minnesota City Participation
Program to the Brooklyn Center Economic Development Authority in
the amount of $2,187,157.00; and
WHEREAS, the Program Application Commitment Agreement
sets forth the terms and conditions of the Minnesota City
Participation Program for the Brooklyn Center Economic Development
Authority and the Minnesota Housing Finance Agency; and
WHEREAS, execution of the Program Application Commitment
Agreement by the Brooklyn Center Economic Development Authority is
a requirement to participate in the Minnesota City Participation
Program;
NOW, THEREFORE, BE IT RESOLVED by the Brooklyn Center
Economic Development Authority that it hereby authorizes its
President and Executive Director to execute the Program
Application Commitment Agreement for the Minnesota City
Participation Program on behalf of the Brooklyn Center Economic
Development Authority.
May 11, 1992
Date
Todd' Paulson, President
The motion for the adoption of the foregoing resolution was duly
seconded by Commissioner 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.