HomeMy WebLinkAboutResolution 84-66 RESOLUTION 84-66
A RESOLUTION ADOPTING THE 1985 SINGLE FAMILY REVENUE BOND PROGRAM FOR THE
CITY OF'COLUMBIA'HEIGHTS PURSUANT TO MINNESOTA STATUTES, CH 462C
WHEREAS, Minnesota Statutes, Chapter 462C, (the "Act"), authorizes the
City of Columbia Heights, Minnesota (the "Clty~) to develop and administer
programs of making or purchasing mortgage loans to finance the acquisition
of single family housing units located anywhere within its boundaries for
occupancy primiarly by persons of iow and moderate income, and
WHEREAS, the Act requires the adoption of a housing plan (the "Housing
Plan~') after a public hearing held after the publication of notice of the
hearing at least thirty (30) days prior to the public hearing, and
WHEREAS, Section 103A(j)(5) of the Internal Revenue Code of 195/~,, as
amended (the "Code") requires the adoption of a housing policy statement
(the "Poi icy StatementTM) after the holding of a pubt ic hearing after reason-
able notice, during the year preceding the year in which the City intends to
implement the Program, and
WHEREAS, the Code requires the City to publish the Policy Statement
during the year preceding the year in which the City intends to implement
the Program, and
WHEREAS, on August 20, 1980, notice of a public hearing on the Housing
Plan was published in the Columbia Heights/St. Anthony Sun Newspaper, and
WHEREAS, the City, by resolution, adopted the Housing Plan on September
22, 1980 after conducting ~ public hearing, and
WHEREAS, on November 14, 1984 notice of a public hearing to be held on
December 3, ~984 at 7:30 p.m. to consider the program was published in the
Columbia Heights Focus Newspaper;
NOW, THEREFORE BE IT RESOLVED by the City Cbuncil of the City of Columbia
Heights:
l. That the 1985 Single Family Revenue Bond Program on file with the
Council Secretary is adopted.
2. That the City Manager is authorized and directed to submit the 1985
Single Family Revenue Bond Program to the Metropolitan Council for Review and
to the Minnesota Housing Finance Agency for review and approval and to do all
other things and take all other actions as may be necessary or appropriate to
carry out the Program in accordance with the Act and any other applicable laws
and regulations.
3. That the Poticy Statement on file with the Council Secretary is
adopted.
4. That the Council Secretary is authorized and directed to cause the
Policy Statement to be publlshed in a newspaper of general clrculation in the
City on or before December 15, 1984.
ADOPTED THiS 3rd DAY OF December , ]984.
Offered by: Petkof f
Seconded by: Hovt and
Roll Cati: All ayes
?.]¢ounc i 1 Secr~ta ry ....