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ITo: Economic Development Commission Members <br /> From: Steve Dorgan, Housing Inspector MEMORANDUM <br /> Subject: Proposed Loan Program <br /> Date: April 17, 1998 <br /> HOME IMPROVEMENT FAIR <br /> Because of the cities aging housing stock, it is imperative that we encourage reinvestment to <br /> avoid blight and upgrade the quality of housing in the city. Numerous communities throughout <br /> the metropolitan area organize an annual fair which features local contractors,home <br /> improvement and remodeling, financial institutions and other various exhibits relating to home <br /> remodeling and improvement. Cities which have held fairs indicate investments in fairs are a <br /> break even venture with revenue coming from the rental booths. Home Improvement Fair <br /> sponsored by the city would not only promote home improvement and redevelopment within the <br /> city, but may also be used to promote other city services as well. As an example,the fair could <br /> be held at the new Community Center to kick off its opening. The fair would be a venue for <br /> marketing a city sponsored loan program, as well as other housing programs and funding <br /> sources. Regardless of whether a city sponsored loan program is approved, a Home Improvement <br /> Fair should be instituted. <br /> RECOMMENDATION <br /> Approve Resolution number 98-EDC recommending the appropriation of$2,500 in tax <br /> increment funds to promote and implement a"Home Improvement Fair"to occur in the Spring <br /> of 1999. <br /> Steve Dorgan,Housing Inspector <br /> 717-4023 <br /> Attachments: Resolution 98-EDC <br /> N:\DATA\GROUPS\ECONDEV\EDA-EDC\HOMELOANU.OAN4 26.3 <br />