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EDA RESOLUTION 10-EDA-262 <br /> <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br /> <br />RESOLUTION APPROVING CRITERIA FOR <br />THE MOUNDS VIEW GENERAL HOME REPAIR LOAN <br /> <br /> <br />WHEREAS, the Mounds View Economic Development Authority (EDA) has <br />Housing and Redevelopment Authority powers provided in Minnesota Statutes, Sections <br />469.001 to 469.047; and, <br /> <br />WHEREAS, the purposes of Sections 469.001 to 469.047 are: <br />(1) to provide a sufficient supply of adequate, safe, and sanitary dwellings in order to <br />protect the health, safety, morals, and welfare of the citizens of this state; <br />(2) to clear and redevelop blighted areas; <br />(3) to perform those duties according to comprehensive plans; <br />(4) to remedy the shortage of housing for low and moderate income residents, and to <br />redevelop blighted areas, in situations in which private enterprise would not act without <br />government participation or subsidies; and <br />(5) in cities of the first class, to provide housing for persons of all incomes; and, <br /> <br />WHEREAS, pursuant to the purposes of Housing and Redevelopment Authority <br />powers, in September 2010, the Mounds View City Council directed City staff to develop <br />criteria for a new, one-year pilot home improvement loan program; and, <br /> <br />WHEREAS, the Mounds View General Home Repair Loan would provide up to <br />$15,000 at 3% interest for up to ten years for general home repairs to owner-occupied <br />single-family or duplex properties in Mounds View; and, <br /> <br />WHEREAS, the goal of the Mounds View General Home Repair Loan is to assist in <br />maintaining and improving Mounds View’s housing stock. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />