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000121
RESOL UT I ON NO. .1fi32...
A RESOLUTION ESTABliSHING A REVOLVING LOAN FUND
AND AUTHORIZING ADMINISTRATION OF THE FUND BY THE
WASHINGTON COUNTY HOUSING AND REDEVELOPMENT AUTHORITY
WHEREAS, the City of Stlllweter hes received e grent of funds under the
Smell Cities Development Progrem edmlnlstered by the Mlnnesote Depertment
of Energy end EconomIc Development; end
WHEREAS, the Smell CIties Development progrem Is used to provide
rehebllltetlon loens In the City of Stlllweter; end
WHEREAS, ell or e portion of these loens mey be repeld to the City under
provisions of the progrem; end
WHEREAS, It Is the City of Stlllweter's desire to heve theWeshlngton
COunty Housing end Redevelopment Authority receive end edmlnlster these
repeyments for the purpose of eddltlonel housing rehabllltetlon withIn the
City of Stillwater.
NOW, THEREFORE, BE IT RESOLVED, that the City COuncil of the City of
Stillwater does hereby estebllsh e Revolving Loen Fund to be used for
housIng rehab I I Itetlon withIn the City of Stlllweter; end
BE IT FURTHER RESOlVED, thet the Weshlngton County HousIng end
Redevelopment Authority Is hereby named the administering entity to
receive end edmlnlster seld funds under the provIsions of stete end
federel Jews end regulations.
Adopted this 19th deyof August
, 1986
Published: August 29, 1986
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ATTEST: Jill JU. ~" '-7 'MAYOR
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