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RESOLUTION NO. . 3 ?o? <br /> A resolution authorizing the Mayor to sign an agreement between the <br /> City and Everett's participating lending institutions to provide rental <br /> housing rehabilitation services and loan assistance under the Community <br /> Housing Improvement Program (CHIP). <br /> WHEREAS, the City has adopted a plan for housing rehabilitation and <br /> community improvement in designated areas of the City; and <br /> WHEREAS, the City and participating lenders desire to continue <br /> providing housing rehabilitation services and loan assistance to qualified <br /> property owners within designated areas of the City; and <br /> WHEREAS, the City is committing a portion of Community Development <br /> Block Grant funds to provide and to support the provision of loans by lending <br /> institutions of the City to property owners for rehabilitation and improvement <br /> of rental properties; and <br /> WHEREAS, the participating lenders agree to participate in the <br /> Community Housing Improvement Program through the approval, processing and <br /> collection of home improvement or housing rehabilitation loans to rental <br /> property owners in the CHIP Target Areas; and <br /> WHEREAS, the City and the participating lenders recognize that the <br /> purpose of this program is to provide incentives for investors to improve <br /> substandard dwelling units; <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVERETT THAT <br /> The Mayor is hereby authorized to sign an agreement between the City <br /> and the City of Everett's participating lenders to provide rental housing <br /> rehabilitation services and loan assistance under the Community Housing <br /> Improvement Program. <br /> Coun ilman Int oducng Resolution <br /> Passed and Approved this 'q 1 day of A7 6e,6-64 S T-- , 1983. <br /> Council President <br />