HomeMy WebLinkAboutEDA RES 2015-05A RESOLUTION AUTHORIZING THE ALLOCATION OF $525 WITHIN FUND 420 FROM T
SINGLE FAMILY DEFERRED LOAN PROGRAM TO THE SINGLE FAMILY REHAB INCENTIJ
PROGRAM.
WHEREAS, the Economic Development Authority (EDA) established the Single Family
Rehab Incentive Program in 2007 to partially subsidize the cost of home remodeling
improvements to qualified residents, and
WHEREAS, the EDA last authorized funds for the Rehab Incentive Program in May, 2012,
and
WHEREAS, the Single Family Rehab Incentive Program was intended to sunset when
funding ended, and
WHEREAS, to honor outstanding program applications, and additional $525.00 is
needed to be allocated to the program fund, and
WHEREAS, the Single Family Deferred Loan Program contains adequate funding to
provide the final transfer.
The Economic Development Authority authorizes the allocation of $525.00 for the
Rehab Incentive Program from Fund 420-Department 46409 (Single Family Deferred
Loan Program) to Fund 420 - Department 46408 (Single Family Rehab Incentive Program).
Passed this 61h day of April, 2015.
Roll Ca[l:
Offered by, Wi 11 iai-ns
Aye: Szurek
Nay: All ayes
9 VE ,=u
Walter Fehst, Executive Director