HomeMy WebLinkAboutEDA RES 2012-12EDA RESOLUTION NO. 2012-12
A RESOLUTION APPROVING FUNDING FOR THE SINGLE FAMILY
DEFERRED LOAN PROGRAM ($35,000)
WHEW.'AS, since 2007 the Economic Development Authority (EDA) has
provided the Single Family Deferred Loan Program to residents of the City of Columbia
I leights, and
WHEREAS, the Columbia Heights EDA through its Comprehensive Plan has
established as a goal the preservation of the single-farnily housing stock; and
WHEREAS, the EDA approved the Housing Maintenance Plan 2,008-201.7 to improve
and maintain the residential homestead housing stock; and
WHEREAS, this resolution seeks to authorize and provide additional funds for
the continuation of the City's Single Family Deferred Loan Program to be administered
by the City.
THEREFORE, BE I'YRESOLVED, that the EDA allocates $35,000 for the Single
Fanaily De.feiTed Loan Program froin ➢fund 420 -... Capital Improvement Development
Fund.
Passed this 6'11 day of August, 2012,
resident
Walter Fehst, Exeeniive' bi ctor