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HomeMy WebLinkAboutResolution 95-46RESOLUTION NO. 95-/,,6 RESOLUTION OF CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA APPROVING APPLICATION TO THE MINNESOTA HOUSING FINANCE AGENCY FOR UP TO $100,000.00 OF HOUSING TRUST FUND PROGRAM FUNDS FOR DOWNPAYMENT ASSISTANCE TO LOWER INCOME FAMILIES TO PURCHASE HOMES IN COLUMBIA HEIGHTS. WHEREAS, the City of Columbia Heights has been invited and encouraged to apply through the Minnesota Housing Finance Agency for funds from the 1988 state funded Housing Trust Fund Program; and WHEREAS, an application for such grant funds has been prepared by the Community Development Department sta~ and WHEREAS, the City will utilize funds with the First Time Homebuyer funds, already received, by providing a match for downpayment assistance. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Columbia Heights, Minnesota that: The City Council approves City application for up to $100,000.00 of Housing Trust Fund Program funds from the Minnesota Housing Finance Agency for the purpose of providing downpayment assistance to lower income families. The Mayor and City Manager are authorized to sign the necessary Housing Trust Fund Program application and the documents for implementation of the program when the grant is received through the Minnesota Housing Finance Agency. Passed this 14th day of August, 1995 Offered by: Ruettimann Seconded by: Peterson Roll Call: All ayes -Anne Studeht, Cou~c~-'WS~cretary ~/t~a½o~ J~s~h Sturdevant