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Resolution 12-EDA-273 <br />Page 2 of 2 <br /> <br />NOW, THEREFORE BE IT RESOLVED THAT the Mounds View Economic <br />Development Authority does hereby authorize the following amendments to the “General <br />Home Repair” loan criteria: <br /> <br />1) Change the name of the “General Home Repair” loan to “General Home Improvement” <br />loan to clarify the intent of the loan, which is to enhance and improve a property’s <br />livability and value <br /> <br />2) Add bathroom and kitchen remodels to the list of eligible improvements <br /> <br />3) Add the following clarifying language to the paragraphs that address eligible repairs and <br />improvements: The General Home Repair Program makes funds available to improve <br />the exterior and/or interior of the property. Eligible work may correct health and safety <br />items, increase handicap accessibility, reduce long-term maintenance and energy costs <br />or improve the livability of the home Eligible improvements include but are not limited to <br />the following examples: <br /> <br />Adopted this 8th day of October, 2012 by the <br />Mounds View Economic Development Authority <br /> <br /> <br />________________________________ <br />Joe Flaherty, President <br /> <br />(ATTEST) <br />________________________________ <br />James Ericson, Executive Director