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
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CLLRL CITY OF
BANGOR
_ CITY CLERK
,GpvpppRigy Pmjec[ Area 911gible fov
Ca®unity Development Property Rehabilitation Loan Assistance
Introduced a d filed by,
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