HomeMy WebLinkAbout1978-12-11 62 AG ORDER)fit
62 AG
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Introduced by Councilor Sony, December 11, 1978
CITY OF BANGOR
(TITLE.) W1Y61 APF-rP r°g...�d Adopting comauvity nevelopm_ent Prog_rem -
Curve Street Area NCP Property Rehabilitation Loan Progress
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By the City Council of the Cit ofBasgo r:
ORDERED,
TEAT, WHEREAS, the financing of rehabilitation ofprivately owned
properties through the use of direct loans is an eligible activity for use
of grout aazietancq under Title I a the Horsing and Comnuaity Development
Act of 1974, as amended; and -
WHEREAS, the City of Bangor, in its application for funds under
Title I of the Housing And Community Development Act a 1977, has requested
and received as Part of its Covmeuity Developtent Program for the Curve Street
Neighborhood Conservation Project an allocation of Two Hundred Twenty -Three
Thousand Seven Hundred Seventy -Four Dollars ($2239774) for the purposes of
property rehabilitation; and
WHERFASp a City of Bangor Community Development Program - Curve
Street Area Neighborhood Conservation Project Property Rehabilitation Loan
Program has been developed which provides for the leasing of money to
rehabilitate privately owned properties in the Curve Street Area Neighborhood
Conservation Project; and
WIEIR.'A.4, such loans vill be limited to the amount necessary to
rehabilitate property to the requir®ents of the Housing, Building, Electrical,
Pl mibing, and Fire Prevention Codes Of the City of Bangor and to the extent
that the property, after rehabilitation, will be in generally good and readily
maintaimble condition with the necessary facilities in good working order;
and
WREIEAS, the Commonalty Development Progreso - Curve Street Area
Neighborhood Conservation Project Property Rehabilitation Loan Program has beer.
designed to provide caxiw® benefit to low- and moderate -income residents of
the Curve Street Area NCP:
NOW, THEREFORE, BY THE CITY COUNCIL OF THE CITY of BANGOR, BE IT
OMHED, THAT the Community Develolment Program - Curve Street Area Heighbol:
bond Conservation Project Property Rehabilltatlou lasso Program, dated December,
1978 and on file with the City Clerk, is hereby approved sad adopted.
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In City Council Decanter ll,JW$
Cmmider Meeting January Development
(� G
ra€erect to Community Developnent 0 R DAE R
Title,
ApprovingDevelopment
And Adopting Comunity De -
ity Cle FrogFrogra, Curve St Area N C P property rehabilitation
loan program -
IN CTTT CWNCIL JANUARY 8a1979 Introduced filed n _
C.N.M.
CITY CLERK ,a
'IW CITY COUNCIL SANDARY 22x1999
PAWED
CLARK
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