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RESOLUTION REQUESTING PARTICIPATION IN <br />AN APPLICATION TO THE MHFA FOR <br />MINNESOTA CITY PARTICIPATION PROGRAM FUNDS <br />WHEREAS, on January 3, 1997 the Minnesota Housing Finance Agency (MHFA) issued <br />a request for proposals for the 1997 Minnesota City Participation Program (MCPP), and <br />WHEREAS, through the MCPP, MHFA sells mortgage revenue bonds on behalf of cities <br />to meet locally identified housing needs for low and moderate income first-time homebuyers, and <br />WHEREAS, tht HRA in and for the City of Orono would like to access these housing <br />resources to meet the needs of its citizens, and <br />WHEREAS, county housing and redevelopment authorities are eligible applicants for MCPP <br />funds. <br />BE IT RESOLVED that in accordance with MSA 383B.77, Subdivision 2, the HRA in and <br />for the City of Orono requests the Hennepin County Housing and Redevelopment Authority include <br />the City of Orono in an application for MCPP funds to MHFA. <br />Adopted at a meeting of the City of Orono HRA this 10th day of March, 1997. <br />ATTEST:Gabriel Jabbour, Chair <br />Dorothy M. llallin, City Clerk <br />•'t»!