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83-010 - 02-15 Authorize Rental Rehabilitation Loan ProgramResolution 83-10 February 15, 1983 Member Johnson introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING THE METROPOLITAN COUNCIL TO IMPLEMENT THE RENTAL REHABILITATION LOAN PROGRAM WITHIN THE CITY OF GOLDEN VALLEY WHEREAS, the City of Golden Valley desires to assist lower income families and individuals to obtain adequate housing in the City of Golden Valley at an affordable price and to accomplish the purpose of undertaking a program of providing technical assistance and loans to property owners for the purpose of rehabilitating rental units for occupancy by low- and moderate -income families and individuals; and WHEREAS, the Metropolitan Council has been duly organized pursuant to Minnesota Statutes 473.123; and has been designated a housing and redevelopment authority pursuant to Minnesota Statutes 473.193, with the powers and duties of a housing and redevelopment authority under the provisions of the Minnesota Housing and Redevelopment Authority Act, Minnesota Statutes 462.411 to 462.711, and the acts amendatory thereto; and WHEREAS, the City of Golden Valley and the Metropolitan Council desire to encourage the stabilization, revitalization, and rehabilitation of the rental property in the City of Golden Valley; and WHEREAS, the City of Golden Valley has determined that a program to encourage the rehabilitation of rental units is consistent with the housing goals of the City and consistent with the City's public interest. NOW, THEREFORE, BE IT RESOLVED by the City of Golden Valley, that the Metropolitan Council is hereby authorized to implement the Rental Rehabilitation Loan Program to encourage the rehabilitation of the affordable private rental units within the City of Golden Valley and that the City Manager is hereby authorized to enter into an agreement with the Metropolitan Council for the operation of such program within the City. osema Thorsgn, ATTEST: Il J d Na y, Deputy City Clerk The motion for the adoption of the foregoing resolution was seconded by Member Mitchell and upon a vote being taken thereon, the following voted in favor thereof: Anderson, Johnson, Mitchell and Thorsen, and the following was absent: Stockman, and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted, signed by the Mayor and her signature attested by the Deputy City Clerk.