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Meeting Name: Loan Board of Review Agenda status: Final
Meeting date/time: 1/10/2019 8:30 AM Minutes status: Final  
Meeting location: City Hall, Room 307
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Agenda packet: Not available
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
0025-19 A ReportsCommunicationSubject: Reports: A. Delinquency Report B. LBR Financial Report C. Monthly Activity Report and Advertising Update D. Property Disposition ReportReceived and FiledPass Action details Not available
0032-19 A Direct ReferralCommunicationSubject: (Direct Referral) Request for an amendment to Resolution 0325-18. Recommendation of the Loan Board of Review on 1.10.2019: That the amendment to Resolution 0325-18 to Loan Lutheran Social Services for up to $1,540,000 in CDBG funds for acquisition costs of 1701 Packard Avenue at 1% interest over 20 years be approved. Mortgage, promissory note, and CDBG agreement to be signed at closing and after demonstrating full project financing and environmental review. Further, recommend that the Mayor and City Clerk be directed to enter into a contract with Lutheran Social Services consistent with its application and all applicable federal regulations. Mortgage, note, and CDBG agreement to be signed at closing contingent on full project financing, environmental clearance, and compliance with all Federal, State, and local laws. Fiscal Note: There are sufficient CDBG Housing Loan Funds available to meet this request. The CDBG funds shown above are inclusive of the amount previously allocated to the project through Resolution 0395-17.Recommended For ApprovalPass Action details Not available
0033-19 A  CommunicationSubject: Review of the Housing Rehabilitation and General Administration Policy and Procedures Manual, and adoption of proposed amendments.ApprovedPass Action details Not available