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