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HomeMy WebLinkAbout1979-04-23 234 AG RESOLVE234 AG Introduced by Councilor Soucy, April 23, 1979 CITY OF BANGOR (TITLE.)¢SOIlIPi Authorization for Participation in Experimental Federal Section 312 Rehabilitation Loan Program By the City Connat 0 o tYo(Baxaor: RESOLVED, FI@Sd , an April 33s 1979 the U. S. Department of Housing and Urban Development (HOD) published in the Federal Register an arnowasumant of an experimental Federal Section 312 Rehabilitation Loan program; and WHEREAS, said experimental Progress wind make available lease for the rehabilitation of properties containing five or more dwelling units after rehabilitation including properties with mined commercial and residential uses; and 1-0iEid s participation a the City of Bangor in said experimattel Progran requires that the City provide at least 20% of each loan from local public foods for applications approved under said Program; and WHEREAS, the City has available funds provided under the Co®oity Development Block Grant Program previously co®itted for property rehabilitation Counts and whtah can be used as the local annswituent to loess approved under said experimental Progress; and WHERFA9s such experimental Program funs wauli be in addition to Section 312 foods presently available to the City and would net result in reduction of the funds otherwise available to the City; awl NHEREM, if the City wishes to participate in said experimental Program it mast submit an application to the U. S. Department of Housing and Urban Development within twanty-ane (21) days of the Appril lis 1979 notice of avail- ability of said experimental Progrsa� i.e.; May 4F 1979t HOWs THEREFOREa BY THE CITY COUNCIL OF THE CITY OF BANGOR BE IT MOLM: 1. THAT the City Manager an behalf of the City Council of the City of Bangor is hereby authorised and directed to submit to the U. S. Department of Housing and Urban Development an application requesting an allocation of Section 312 Rehabilitation Loan rods under the conditions specified in the Federal llegister dated April 13. 1979. Page 2 2. THAT the City Conseil hereby crani ts until September 30, .1979 Commmanity Develoquent Bleck Grant funds previously co®itted to the City of Berger C,,,,nity Develolmeat Property Rehabilitation Loss. Program in an amount not to exceed Sixty Thousand Dollars ($60,000) as the local matching fonds for Said experi0mtal Program. 3. - MT the Firence Co®ittee of the City of Bangor is hereby authorized to -approve or disapprove applications for lesson committing Com amity Development Bloch Grant funds under said experimental Program under the same teams and conditions as contained in the City of Ba.ngoe Commamity Develolmment Property Rehabilitation Loan Program approved and adopted by the City Council by passage a Council Order 325 AC and emended by Council Order 409 a end the Teras and Conditions for the Camommity Development Property Rehabilitation Snm Program approved ane adopted by PassageofCouncil Order 344 AC and amended. by passage of Council order 64 AG. 4. THAT the Director a Planning and Comounity Development 1s authorized to process applications and approve ordisapprove Federal Section 312 Rehabilitation Loans under said experimental Program under the same terms and conditions as contained in the "AOREENERi T FOR PUBLIC BODY APPROOAL OF SECTION 312 REH&BIMTATION ICAN6" authorized and approved by City Council Order 30 AN. 5. TEAT Community Development Block Grant Ands committed to loins made as Part of said experimental Frogram be Secured by separate mortgages Mich Fill be Subordinate to the Section 312 mortgagee order said experimental Program. 6. TEAT loans mode as part of said experimental Program, can be made say for the rehabilitation of properties Mich will contain five o re dwelling units after rehabilitation and which are located in City Council designated Comity Development Project Areae. 7. THAT designated Co®unity Development Project Are" previously approved by the City Conweil are (a) the Hancock -York Neighborhood Davelopaunt Project, (b) the Third -Main Neighborhood Conservation Project (c) the Comunity Development Dewnnvm Revitalization Areas and (d) the Curve Street Area Neighborhood Conservation Project all of which are indicated on the attached maps. - IF CITY COUNCILI, APRIL 23VI979 Pawed 8Yee 1N0 VOTING IBS d 234 AN HALDACCI�HROONTA3alACXERNANa R E S O L V E 3000YZNN'YMOUTN�HII.LEY� WTI ZBNOZGA ' VOTING W GAS5 •f AUTHORIZATION FOR PARTIOIP kTPB�TLi RFnxx imminw a o` RBNA MTATION WAN'PROGRAM ✓ CITY CLBKK LISTEST I LEGEND PLANNING DEPARTMENT HANOOM -YORK icourviv NOP AflEA slow DATEn I oa a°G o oo °� Q ❑ ❑ p 0 Da 9 ❑ 0 c b pG of ° QeQ Ovo o � o4a. d c:t o O ❑ O"cu- ❑ q oa a°G oo eg6�4. o � ONY N DPn °02 oo o 0DOD ad`h Do n n °02 oo o 0DOD ad`h Do n n DOWNTOWN REVITALIZATION AREA „..._ ILLI � MFRRRPpFSiP f ® 4 �I--.-I A _ lei qD BANGOR, MAINE'/,_ 1978 - -^•":• CURVE VMT NEIGHBOHH000 CONSERVATION PROJECT ScnI f—W ove�m avurara;acannuM*v G cevBam.�u* oemBrue+T �Ba �� RbFLT EOLNWAY g M YMK a14[f 9 9 o\aIiFTW-ar