97-04 HRA Resolution
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Resolution 97-4
February 11, 1997
Commissioner Anderson introduced the following resolution and moved its adoption:
1997 MINNESOTA CITY PARTICIPATION PROGRAM
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 Housing and Redevelopment Authority in and for the City of
Golden Valley would like to access these housing resources to meet the needs of its
citizens, and
WHEREAS, county housing and redevelopment authorities are eligible
applicants for MCPP funds.
NOW, THEREFORE, BE IT RESOLVED, that in accordance with MSA
383b.77, Subdivision 2, the Housing and Redevelopment Authority in and for the City
of Golden Valley requests the Hennepin county Housing and Redevelopment
Authority include the City of Golden Valley in an application for MCPP funds to MHFA.
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Motion for the p Ion of the foregoing resolution was seconded by Commissioner
LeSuer; and upon a vote taken thereon, the following voted in favor thereof:
Anderson, Johnson, LeSuer and Micks; the following voted against the same: none,
and the following was absent: Russell; whereupon said resolution was declared duly
passed and adopted, signed by the Chair and her signature attested by the Director.