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HomeMy WebLinkAbout1978-12-11 64 AG ORDER64 M Introduced by COunCilor Soaoy, December 11, 1978 a�u CITY OF BANGOR (TITLE.) f®rbtr.... ..... ^ ng tne_xernm ma Conditdph ror the comity neycwp- went Rehabilitation Loan program - Reducing Sean Interest Rate _..__... _.... _- .._..._ ___. ................ __..._. BY Me City Clovis; of City ofBmssr: OEE/EEED, TU% WHEREAS, the City Council of the City of Bangor, by passage of Council Order 325 AC, approved and adopted the Ch®mity Develoiment Property Rehabilitation Loan Program; and WSERMS, The City COurril of the City of Bender, by passage'a Council Order 344 AC, approved and adopted the Teams and Conditions to be utilized by the Comity Development Department in adsdnistefiin%jaid Sean Program; sal WEREPS, it is in the best interest of the City of Bangor to mend said Terms and Conditions, WW, T EEFOME BY TBE CSM CW IL OF THE QTY OF EANGQRy`BE M 0R➢E.4ED,TMT the Terra and Conditions of the Camunity Devela maut Property Rehabilitation Loan Progrm, a provided in Council Orders 344 AC, and mended by Council Order MO AF, be further mended in Section 2. b. as follows: b. Bear interest at the rate oP three .percent (3$,) per armor on the principal outstanding at any time; In City Council DeCembes 11,1978 Ref ered to Comimnity Developne t Conn. Consider meeting January 891979 _ - -0RD'E R' NlwilL r�i/a/M� TFtle. Ci y ler Amending The tenor and conditions for IN CITY COUNCIL JANUARY 8,1979 PASSED CIT': CIF.R% .........................ia........... the community develoi ent rehabilitation lean' to r"'"decing loan interest' p gram re rate Introduced Introduced/aannd fi byo Co ilman