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Page 9 <br />February 10, 1997 <br />• Mounds View City Council <br />E. Consideration of Resolution No. 5088, Authorizing the Filing of an Application Under the <br />Minnesota Cities Participation Program to Fund a Loan Program for First Time Home Buyers with <br />the Mortgage Including Rehabilitation Funds. <br />Jennifer Bergman, Housing Inspector, explained that the funds received from this program will be used to fund <br />mortgages for first time home buyers for families in the City of Mounds View. Over the past three years, the <br />city has received approximately $500,000 for this program and has been able to provide mortgages for seven <br />families. The grant application is due by February 18, 1997 and the city should be notified of funding by the <br />end of March or beginning of April. MI3FA will deternvne the amount of funds available. <br />MOTION/SECOND: Trude/Stigney to Approve Resolution No. 5088, Authorizing the Filing of an <br />Application Under the Minnesota Cities Participation Program to Fund a Loan Program for First Time Home <br />Buyers with the Mortgage Including Rehabilitation Funds. <br />VOTE: 5 ayes 0 nays Motion Carried <br />REPORTS• <br />Report of Council members: <br />Trade: No report. <br />Koopmeiners: No report. <br />Sti¢nev: Mr. Stigney stated he has received calls from residents who claim that there has been a lack of <br />audio on some of the recent televised Council Meetings. <br />uic No report. <br />Report of Mayor McCarty: No report. <br />Report of Ckrk Administrator: No report. <br />Report of Staff: No report. <br />Report of Attorney: No report. <br />Mayor McCarty noted that the next Council Work Session will be held on March 3, 1997 at 6:00 p.m. The <br />next Council Meeting is on February 24, 1997 at 7:00 p.m. <br />MOTION/SECOND: Koopmeiners/Stigney to adjourn the meeting at 8:57 p.m. <br />VOTE: 5 ayes 0 nays Motion Carried <br />Respectfully submitted, <br />• Tamara D. Saeflce <br />