HomeMy WebLinkAboutEDA RES 2012-07EDA RESOLUTION NO. 201.2-07
A RESOLUTION APPROVING FUNDING FORTHE REHAB INCENT]YE
PROGI"M (S50,000)
WHEREAS, since 2007 the Economic Development Authority (EDA) has
provided the Rehab hicentive Program to residents of the City of Columbia Heights, and
WHEREAS, the Columbia. I leights EDA thrOLIgh its Comprehensive Plan has
established as a goal the preservation of the single-fans fly housing stock.
WHEREAS, the EDA approved the I lous] ng Mairitenance Plan 2008-2017 to improve
and maintain the residential honiestead housing stock.
WHEREAS, this I-CSO]Utiffll seeks to authorize and provide additional funds for
the continuation of the City's Rehabilitation Incentive Program to be administered by the
City,
NOW THEREFORE BE IT RESOLVED
1-1-I.EREFORE, BE,` I"ll" RESOL,VED, that the EDA allocates $50,000 for the Rehab
Incentive Program from Fund 420 — Capital lmprovemciYj, Devclopm Mf rl-6ho.
Passed this 7th day of May, 2012.
President
Walter l,'chst, E, ",cutive, D'irector