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
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