HomeMy WebLinkAboutResolution 3857 � � °� . .
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� ��� �G'�' RESOLUTION OF THE CITY COUNCIL
� �kEsHOg' ' NO. e� � � "7
RESOLUTION REQUESTING PARTICIPATION IN
AN APPLICATION TO THE MHFA FOR
MINNESOTA CITY PARTICIPATION PROGRAM FUNDS
WHEREAS,on January 3, 1997 the Minnesota Housing Finance Agency(NII�'A) issued
a request for proposals for the 1997 Minnesota City Participation Program (MCPP), and
VVH�REAS,through the MCPP, MHFA sells mortgage revenue bonds on behalf of cities
to meet locally identified housing needs for low and moderate income first-time homebuyers, and
WHEREAS, the HRA in and for the City of Orono would like to access these housing
resources to meet the needs of its citizens, ancl
• WHEREAS,county housing and redevelopment authorities are eligible applicants for MCPP
funds,
BE IT RESOLVED that in accordance with MSA 383B.7'7, Subdivision 2,the HRA in and
for the City of Orono requests the Hennepin County Housing and Redevelopment Authority include
the City of Orono in an application for MCPP funds to MHFA.
Adopted at a meeting of the City of Orono HRA this l Oth day of March, 1997.
ATTEST: Gabrie abbour, Chair � `'`�
C� . �
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Dorothy M. all n, City Clerk
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