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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