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HomeMy WebLinkAbout1980-10-15 301 AH ORDER301 Ad Introduced by Councilor'Soucy, October 15, 1980 CITY OF BANGOR (TIRE.) @rb9T,_... ApPm" and aappyvg ..... By dA City Cowneit of the Cleo ofBanpor. ORDERED, TEAT, WHEREAS, the financing of rehabilitation of privately owned properties UcTough the use of direct loans i an eligible activity for she of grant assistance under Title Iof the Housing and Community Development Act of 1994, as amended; and UMSEENS, the City of Chagos, in its applications for funds under Title I of the Housing awl,Costmity Development Act, has requested had received as part of its Community Development Program funds for the purposes of funding Property Rehbilltatim Loans end Greats; HHEREh9, a City of Bangor Continuity Development Property Rebebilitation Loan Program has been developed which provides for the leaning of money to rehabilitate privately awned properties in Co®unity Development program project areas as designated by'Oider of the City Council of the City of Bulger; and WHEREAS, ouch loans will be limited to the amount necessary, to rehabilitate presperty,to the requir®ants of the Property Nai:ntenaace, Building, Electrical,. Plumbing, and Fire Prevention Codes of the City of Bangor, azul in conformance to Federal Cost Effective Energy Conservation Standards, and to the extent that the property, after rehabilitation, will be in generally good and readily maintainable condition with the necessary facilities in good working order end WOW, T16.BEFORE, BY TRE CITY CODWCIL OF THE CITY OF 1iAMOR, BE IT ORDERED, THAT: (1) The Continuity Development Property Rehabilitation Loan Progress, a copy of which is on file with the City Clerk, is hereby approved awl adopted. (2) Said Property Rehabilitation Loan Program Shall apply to govern all Community Development rehabilitation loans made Subsequent to the effective date of this Order. In City Council October 15.1980 Passed 301 Bi O R D E R fkL' T il.tle, Eity �e1� npyroaim nna aaoptipgcwwtq ty, paveloPment Property Rehabilitation Loon P ousm , Introduced d H by ...... i.man _