RES 14-18 City caf
Pdver
Resolution 14-18
A Resolution of the City of Elk River Approving the Housing Rehabilitation
Loan Program
WHEREAS, The Board of Commissioners (the "Board") of the Housing &
Redevelopment Authority mi and for the City of Elk River (the "HRA") has proposed to
undertake a program to assist.in the rehabilitation of owner-occupied single-family homes by
making loans to qualifying homeowners in a targeted area in the City of Elk River (the
"Program").
WHEREAS 'I"he HRA has caused to be prepared Owner-Occupied Housing
Rehabilitation Program Policies and procedures (the "Plan") setting forth, among other
things, the tern-is and conditions under which the HRA will make loans to qualifying
homeowners, a copy of which is on file with the HRA Executive Director, along with related
Program documents, including but not limited. to an Administrative Agreement with Central
Minnesota Housilig Partnership, Inc. to administer the Program. (collectively, the "Program
Documents").
WHEREAS, The City Council (the "City Council") of the City of Elk- River (the "City")
supports the Prograni.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows:
I. The City hereby approves the Program and the Plan and finds, determines and
declares that it is in the public interest of the residents of the City that the Program
as described in the Plan be undertaken by the HRA in accordance with Minnesota
Statutes, Sections 469.001 through 469.047 (the "HRA Act")
2. The City hereby authorizes the HRA to undertake the Program in accordance with
the Plan and the Program Documents and take actions necessary in connection
therewith.
Passed and adopted this 5"' day of May 2014.
_1016j. Die/7., May .r)
ATTE5f.
Tina Allard, City Clerk
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NATURE
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