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� � °� . . <br /> � o o - <br /> ��b. - CITY of ORONO <br /> � � <br /> ti <br /> � ��� �G'�' RESOLUTION OF THE CITY COUNCIL <br /> � �kEsHOg' ' NO. e� � � "7 <br /> 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(NII�'A) issued <br /> a request for proposals for the 1997 Minnesota City Participation Program (MCPP), and <br /> VVH�REAS,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, the HRA in and for the City of Orono would like to access these housing <br /> resources to meet the needs of its citizens, ancl <br /> • WHEREAS,county housing and redevelopment authorities are eligible applicants for MCPP <br /> funds, <br /> BE IT RESOLVED that in accordance with MSA 383B.7'7, 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 l Oth day of March, 1997. <br /> ATTEST: Gabrie abbour, Chair � `'`� <br /> C� . � <br /> . , <br /> Dorothy M. all n, City Clerk <br /> • <br />