HRA RES 1994-03 - 000139063
, RESOLUTION N0. HRA 3- 1994
A RESOLUTION AUTAORIZING THE SUBMISSION OF AN
APPLICATION FOR THE MINNESOTA HOUSING FINANCE AGENCY'S
1994 MINNESOTA CITIES PARTICIPATION PROGRAM
WI-IEREAS, the Housing and Redevelopment Authority (the "Authority") in and for
the City of Fridley, Minnesota, recognizes the value and lmportance of providing
opportunities for homeownership to first-time buyers, and
WHEREAS, the Authority has determined there is a need for affordable financing
for first-time homebuyers
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Housing and
Redevelopment Authority in and fox the City of Fridley, Minnesota, as follows
1 That staff is authorized to submit an application for the 1994
Minnesota Cities Participation (the "Program")
2 The Chairperson and Executive Director are authorized to enter into
all agreements required by the Minnesota Housing Finance Agency for
the operation of the Program.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELDPMENT AUTHORITY IN AND FOR THE
' CITY OF FRIDLEY, MINNESOTA, THIS 7TH DAY OF APRIL, 1994
/ �/ �
I.ARRY OMMERS - CHAIRPERSON
ATTEST
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WILLIAM W BURNS�- EXECUTIVE DIRECTOR
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