Laserfiche WebLink
`cam `.r <Y6 a. hrF <br /> BVERETT CITY CO JNCIL`:AGENDA ITEM COVER SHEB ,"}'` A <br /> PROJECT TITLE: <br /> .3 <br /> 4/20/11 Briefing COUNCIL BILL# <br /> Contracts with Lending Proposed Action Originating Department Planning <br /> Institutions for the Owner- Consent Contact Person Dave Koenig <br /> Occupied Program 4/27/11 Action Phone Number 425-257-8736 <br /> administered by the Everett First Reading FOR AGENDA OF 4/20/11 <br /> Community Housing Second Reading 4/27/11 <br /> Improvement Program Third Reading <br /> Public Hearing <br /> Budget Advisory Initialed by: .4, <br /> Department Head <br /> CAA .1 <br /> 2. <br /> Council President 4 14. <br /> Location Preceding Action Attachments Department(s) Approval <br /> Contracts Legal and Planning and <br /> Community Development <br /> Amount Budgeted -0- <br /> Expenditure Required -0- Account Number(s): <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> The Community Housing Improvement Program(CHIP)has been working with lending institutions for many <br /> years to provide loans for Owner-Occupied housing rehabilitation at a preferred rate and terms. The lenders <br /> and dollar commitments for these contracts are: <br /> Cascade Bank: $250,000.00 <br /> Coastal Community Bank: $50,000.00 <br /> Each contract is the same except for the lender name and dollar amount. <br /> RECOMMENDATION(Exact action requested of Council): <br /> Authorize the Mayor to sign Contracts with Lending Institutions for the Owner-Occupied Program <br /> administered by the Everett Community Housing Improvement Program <br /> 37 <br />