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6 <br /> V. This Resolution will become part of the formal application to the U.S. Department of Housing and Urban <br /> Development. <br /> VI. All payments and income from the Housing Rehabilitation Program (Fund 197) will be used for housing <br /> rehabilitation purposes. This is estimated at $400,000.00 for 2003. <br /> VII. The capital projects will be in the form of loans with details of terms and conditions to be returned to City <br /> Council in a contract. <br /> VIII. The required application sections and information are to be sent to the U.S. Department of Housing and <br /> Urban Development to complete all application requirements. <br /> IX. The 2003 Action Plan is hereby approved to be submitted to the U.S. Department of Housing and Urban <br /> Development to complete all application requirements. <br /> Councilman Introducing Resolution <br /> SSED AND APPROVED BY CITY COUNCIL THIS DAY OF , 2003. <br /> Council President <br /> IS <br />