Agenda Packets - 1997/03/10 - Laserfiche WebLink

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. ,, pomn ‘ • Page 9 February 10, 1997 • Mounds View City Council E. Consideration of Resolution No.5088,Authorizing the Filing of an Application Under the Minnesota Cities Participation Program to Fund a Loan Program for First Time Home Buyers with the Mortgage Including Rehabilitation Funds. Jennifer Bergman,Housing Inspector,explained that the funds received from this program will be used to fund mortgages for first time home buyers for families in the City of Mounds View. Over the past three years,the city has received approximately$500,000 for this program and has been able to provide mortgages for seven families. The grant application is due by February 18, 1997 and the city should be notified of funding by the end of March or beginning of April. MHFA will determine the amount of funds available. MOTION/SECOND: Trude/Stigney to Approve Resolution No.5088,Authorizing the Filing of an Application Under the Minnesota Cities Participation Program to Fund a Loan Program for First Time Home Buyers with the Mortgage Including Rehabilitation Funds. VOTE: 5 ayes 0 nays Motion Carried REPORTS: Report of Council members: • Trude: No report. Koopmeiners: No report. Stigney: Mr. Stigney stated he has received calls from residents who claim that there has been a lack of audio on some of the recent televised Council Meetings. Quick: No report. Report of Mayor McCarty: No report. Report of Clerk Administrator. No report. Report of Staff: No report. Report of Attorney: No report. Mayor McCarty noted that the next Council Work Session will be held on March 3, 1997 at 6:00 p.m. The next Council Meeting is on February 24, 1997 at 7:00 p.m. MOTION/SECOND: Koopmeiners/Stigney to adjourn the meeting at 8:57 p.m. VOTE: 5 ayes 0 nays Motion Carried Respectfully submitted, J 3,,,, ' ja /is • Tamara D. Saeflce