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HomeMy WebLinkAbout1987-10-13 87-382 ORDER8)-382 Introduced by Councilor Sullivan, nctober 13, 1987 _ CITY OF BANGOR (TITLE.) mu:,e_city. of. Bangor, gs a Co®unity Development_ Project Area Eligible for Commmity Development Property Rehabilitation Loan Assistance By W CBy CowmH of W CUP Of Bangor. THAT WHEREAS, the City Council has approved and adopted a Community Development Property Rehabilitation Loan Program; and WHEREAS, section B of said Program states that Property Rehabilitation Loans under this program shall be made with respect to a residential property or residential portions of amixed-use property located within Community Development Project Areas a designated by Order of the City Council of the City of Bangor; NOW, THEREFORE, BY THE CITY COUNCIL OF THE CITY OF BANGOR BE IT ORDERED THAT, eligible owners of properties located within the boundaries of the City of Bangor are eligible to apply for Co,maunity Development Property Rehabilitation Loan assistance under the terms of the approved and adopted City of Bangor Community Development Property Rehabilitaton Loan Program. STATEMENT OF FACT: Passage will extend the'benefits of the Community Development funded Property Rehabilitation Loan Program to eligible borrowers on a City-wide basis. Currently such loans are available only to eligible owners of residential property located in specific Community Development project areas designated by the City Council in which a comprehensive program of Community Development activities take place. 8]-382 ORDER IN CITY COUNCIL October 13, 1987 Title, '87 OCT -8 ?354 Passed .R¢ii&wC14B.ERtit¢.G#%.4f 84R&Ri.iB a RECEIVED CLLRL CITY OF BANGOR _ CITY CLERK ,GpvpppRigy Pmjec[ Area 911gible fov Ca®unity Development Property Rehabilitation Loan Assistance Introduced a d filed by, .. ..Y.�n owef mon