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CITY OF ST. ANTHONY <br />RESOLUTION 12-045 <br />A RESOLUTION ADOPTING THE GREATER METROPOLITAN HOUSING <br />CORPORATION'S PROGRAM GUIDELINES AS AMENDED <br />WHEREAS, the City of St Anthony renewed the contract with Greater Metropolitan <br />Housing Corporation (GMHC) for the implementation of housing <br />programs for St. Anthony Residents on February 14, 2012; and <br />WHEREAS, in reviewing the Program Guidelines, it was negotiated to amend the <br />sections of Interest Rate, Loan Program and Total Project Costs to bring <br />these sections up-to-date; and <br />WHEREAS, these amendments were presented to City Council on March 13, 2012 and <br />after discussion the City Council tabled the item; and <br />WHEREAS, GMHC has amended the Interest Rate, Loan Amount, and Total Project <br />Cost. In addition, has submitted additional guidelines for Loan <br />Amortization, Loan Closing and Loan Servicing. <br />NOW THEREFORE BE IT RESOLVED, that the City Council of the City of St. Anthony <br />hereby adopts the Greater Metropolitan Housing Corporations Program Guidelines as <br />Amended. <br />Adopted this 24th day of April, 2012 <br />04l'llf011 <br />Mayor <br />City Clerk <br />Review for Administration: <br />City Manager <br />35 <br />