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RESOLUTION NO. ,?/•97 <br /> A resolution authorizing the Mayor to sign an agreement between the City and <br /> Everett's participating lending institutions to allow continuance of loan assistance and <br /> housing rehabilitation services under the Community Housing Improvement Program <br /> (CHIP). <br /> WHEREAS, the City has adopted a plan for housing rehabilitation and community <br /> improvement in designated areas of the City; and <br /> WHEREAS, the City and participating lenders desire to continue providing housing <br /> rehabilitation services and loan assistance to qualified property owners within designated <br /> areas of the City; and <br /> WHEREAS, the City is committing a portion of Community Development Block <br /> Grant funds to provide and to support the provision of loans by lending institutions of the <br /> City to resident property owners for rehabilitation and improvement of residential <br /> properties; and <br /> WHEREAS, the participating lenders agree to participate in the Community <br /> Housing Improvement Program through the approval, processing and collection of home <br /> improvement or housing rehabilitation loans to resident property owners in the CHIP <br /> Target Areas; and <br /> WHEREAS, the City and the participating lenders recognize that the purpose of <br /> this program is to provide assistance to low-income homeowners who would not qualify <br /> for conventional home improvement/rehabilitation loans; and <br /> WHEREAS the previous agreement executed in July, 1981, between the City and <br /> participating lending institutions expires June 30 1982. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> EVERETT THAT <br /> The Mayor is hereby authorized to sign an agreement between the City and the <br /> City of Everett's participating lenders to allow continuance of loan assistance and <br /> housing rehabilitation services under the Community Housi Improvement Program. <br /> • .ii/ W,(71 /' <br /> 4 <br /> •uncilman I 'troducing Resolu '• <br /> Passed and Approved this ,..,? cf "" day of ,c. , 1982. <br /> � <br /> Council Presidentr <br />