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Nmember 6.19. <br /> Roll me called withal!eon...embers voting yes. <br /> Molion carried. <br /> RPent RION.1 OAN TO BP•THANY OP MP NORTHWFC, <br /> Moved by Councilmen..Oerstreet,seconded by Counamenrher Han55 <br /> to adopt Resolution No.4350 authorizing•losa for low Income housing to <br /> Bethany of Me Northwest as follows. <br /> WHEREAS.Bnlimiy of the Nontovest is Washington non.profit eorpontion. <br /> located hi the City of rumen,has begun necessary preparations to consul. <br /> approximately 58 low-inoome senior housing units in the Silver Lake area of the <br /> City of Everett.Wadingtom and <br /> WHERFASsaid low.income senior homing <br /> housin8Projen as defined by RCW 35.21.695:and <br /> WHEREAS WASHES mmemed dim the City of Ewen make a Iola WAS <br /> amount of approximately sb.percent,016, req..financing for Me <br /> ...ruction of soid prden.in the amount of Three Hundred Thousand dollars <br /> (5380.0.,and <br /> WHEREAS,to City of Eve.is empowered pursuant A RCA 3Ul.585 <br /> assist in the development of publicly St priwtAly owned housing far persons of <br /> ES income by providing loans of°a municipal Mods to the omen or <br /> develapen of such housing:and <br /> WHEREAS.the Mil City Council haviry reviewed Me toque.Inning <br /> obtain,.advice oflb=Band city attorney.and being folly advisedhefieves <br /> this loan to be in the Cily's hnt interest..dtopro.d.anapprom,me <br /> vehicle CE,genend municipal funds; <br /> NOW.Tar:REPO,BE IT RESOLVED BY MR crty COUNCIL OP ME <br /> CITY OF EVERRITas follows. <br /> • <br /> • <br /> aro <br />