1986/09/10 Council Minutes - Laserfiche WebLink

365 September 10,1986 cIT,0,14.RgrIEXE, BE IT RESOLVED BY THE CITY COUNCIL OF THE The Mayor is hereby asthorised to sign an agreement between • the City and the City of Everetr's participating lenders to provide investment rehabilitation services and loan assistance under the CommUnity Hoseing ImProvement ProgE86, Roll was called with all councilmen voting yee except conncilman . Langus WhO Wae excused. Motion carried. RESOLUTION-CHIP AGREEMENTS moved by Councilman Overstreet,seconded by CoUncilman StePhanS0a to adopt Resolution No.MS as follows: rebabilITMOTI'andttmmall'y 1MI:rov:::fteL daesi:=ed fa[reast"IN City;and WHEREAS, the City and participating lenders desire to continue providing housing rehabilitation services and loan assistance to qualified property°Snare within designated areas of the City;and WHEREAS, the City is cOMMitting a portdon Of COmmunitY Development Block Grant funds to provide and to support the provision of loans by lending institutions of the City to property owners for rehabilitatiOn and improvement of properties:and WHEREAS, the participating lendere agree to participate in the Community Housing Improvement Program through the approval: processing and collection Of home improvement or housing rehabilitatiOn loanS tO property owners in the CHIP Target Areae;and WHEREAS, the City and the partiCipating lenders recognize that the purpose of this program is to provide incentives for okmers to improve substandard dwelling units: NOw THEREFORE,BB/T RESOLVED BY THE CUT COUNCIL OF THE CITY OF EVERETT TEAT The Mayor ie hereby aUtbOrised tO eign an agreement between the City and the City of Everett's participating lenders to provide housing rehabilitation services and 1oa5 assistance under the Community Sousing ImProVemeat Roll was called with all councilmen Voting yes except Councilman Langus who kme eXcused. Motion carried.