City of Racine - File #: Res.06-7329

• File #: Res.06-7329
• Version: A
• Name: Agreement for Home Improvement Loan Program
• Type: Resolution
• Status: Passed
• File created: 11/21/2006
• In control: City Attorney's Office
• Final action: 11/21/2006
• Title: Agreement for Home Improvement Loan Program Resolved, that the Mayor and City Clerk be authorized and directed to enter into a Home Improvement Loan Program agreement with the Wisconsin Housing and Economic Development Authority (WHEDA) enabling the City to disburse home improvement loans on WHEDA’s behalf and the City earn a sponsor fee. Fiscal Note: The sponsor fee will be $350 per loan closure to be placed into the Housing Department’s revenue account.
• Sponsors: James Spangenberg
• Related files: 06-2703

Date	Ver.	Action By	Action	Result
11/21/2006	A	Common Council	Adopted

Sponsor

Alderman Spangenberg

Title

Agreement for Home Improvement Loan Program

Resolved, that the Mayor and City Clerk be authorized and directed to enter into a Home Improvement Loan Program agreement with the Wisconsin Housing and Economic Development Authority (WHEDA) enabling the City to disburse home improvement loans on WHEDA's behalf and the City earn a sponsor fee.

Fiscal Note:  The sponsor fee will be $350 per loan closure to be placed into the Housing Department's revenue account.