HomeMy WebLinkAboutResolution 8830RESOLUTION 8830
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Approving a Loan Servicing Agreement with Community Reinvestment Fund
WHEREAS, the City has been a longstanding client of the Housing Resource Center
(HRC); and
WHEREAS, due to declining use by residents and declining revenue as a result, HRC
will be discontinuing operations at the end of 2017; and
WHEREAS, HRC administers the City's home improvement loan programs; and
WHEREAS, HRC had contracted with Community Reinvestment Fund (CRF), a third
party to service new and existing loans; and
WHEREAS, the City will need to contract directly with CRF to provide continued loan
servicing.
NOW, THEREFORE, BE IT RESOLVED, that the Mounds View City Council
approves entering into a loan servicing agreement with Community Reinvestment Fund and
authorizes the Mayor and Interim City Administrator to execute the attached agreement.
Adopted this 25th day of September, 2017
Carol A. Mueller, Mayor
ATTEST:
S
Nyle mun , Interim City Administrator
(seal)