Loading...
HomeMy WebLinkAbout2017-06-26 17-235 ORDERCOUNCIL ACTION Item No. 17-235 Date: June 26, 2017 Item/Subject: Order, Adopting the City of Bangor Community Development Residential Rehabilitation Loan Program Policies and Procedures Responsible Department: Community & Economic Development Commentary: This Order will update the City of Bangor Community Development Residential Rehabilitation Loan Program Policies and Procedures and replace the previous policies and procedures approved and amended by the previous Council Orders. In 1982, the City Council approved and adopted a Community Development Property Rehabilitation Loan Program. Over the years, the City Council has amended these policies to improve, update and simplify the Community Development Properly Rehabilitation Loan Program. If approved, it will replace the current City of Bangor Community Development Residential Rehabilitation Loan Program Policies and Procedures to align the City's guidelines with Housing and Urban Development requirements. The Business and Economic Development Committee recommended this item for approval at its June 20, 2017 meeting. Manager's Comments: Associated Information: Budget Approval: Legal Approval: Introduced for x Passage First Reading Referral /s/ Tanya L. Emery Department Head re—mo.. , A, x wl� - ..- Finance Director Page _of_ City Solicitor Assigned to Councilor Graham CITY OF BANGOR 17-235 JUNE 26, 2017 (TITLE.) ORDER, Adopting the City of Bangor Community Development Residential Rehabilitation Loan Program Policies and Procedures WHEREAS, the City Council of the City of Bangor has previously approved and adopted a Community Development Residential Rehabilitation Loan Program in 1982 and amended the same from time to time; and WHEREAS, it is in the best interest of the City to improve, update and simplify the Community Development Residential Rehabilitation Loan Program Policies and Procedures Manual by making changes which align the City's guidelines with Department of Housing and Urban Development (HUD) requirements. BE IT ORDERED BY THE CITY COUNCIL OF THE CITY OF BANGOR, THAT That the City of Bangor Community Development Residential Rehabilitation Loan Program Policies and Procedures Manual dated June 2017 and on file with the City's Community and Economic Development Department is hereby adopted for the City of Bangor hereby replacing the Community Development Residential Rehabilitation Loan Program Policies and Procedures adopted by the City Council in 2013, Council Order 13-099. IN CITY COUNCIL JUNE 26,2017 CO 17-235 PASSED 4 Ali CITY CLIWK