HomeMy WebLinkAboutCC RES 12-045 RESOLUTION ADOPTING THE GREATER METROPOLITAN HOUSING CORPORATION'S PROGRAM GUIDELINES AS AMENDED Meeting Sheet
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103748
Box: 31
Folder: RES 2012
Document: CC RES 12-045 RESOLUTION ADOPTING THE GREATER
METROPOLITAN HOUSING CORPORATION'S PROGRAM GUIDELINES
AS AMENDED
CITY OF ST. ANTHONY
RESOLUTION 12-045
A RESOLUTION ADOPTING THE GREATER METROPOLITAN HOUSING
CORPORATION'S PROGRAM GUIDELINES AS AMENDED
WHEREAS, the City of St Anthony renewed the contract with Greater Metropolitan
Housing Corporation (GMHC) for the implementation of housing
programs for St. Anthony Residents on February 14, 2012; and
WHEREAS, in reviewing the Program Guidelines, it was negotiated to amend the
sections of Interest Rate,Loan Program and Total Project Costs to bring
these sections up-to-date; and
WHEREAS, these amendments were presented to City Council on March 13, 2012 and
after discussion the City Council tabled the item; and
WHEREAS, GMHC has amended the Interest Rate, Loan Amount, and Total Project
Cost. In addition, has submitted additional guidelines for Loan
Amortization, Loan Closing and Loan Servicing.
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of St. Anthony
hereby adopts the Greater Metropolitan Housing Corporation's Program Guidelines as
Amended.
Adopted this 241hday of April, 2012
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M yor
ATTEST: &"4926�_
City Clerk
Review for Administration: Va'� 1�z
City Manager