88-01 HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
- . .
1988 RESOLUTION NO:
DATE: September 22r
88-01
Robbins
MOTION BY: Horn SECONDED BY:
. . .
RESOLUTION AUTHORIZING THE CARVER-C-OUNTY":'HOUSING AND
REDEVELOPMENT AUTHORITY TO UNDERTAKE A SINGLE FAMILY MORTGAGE
REVENUE BOND PROGRAM, ON BEHALF OF THE CITY OF CHANHASSEN
· .
WHEREAS, The Carver County Housing and Redevelopment
Authority (the "County Authority") was established pursuant to
Laws of Minnesota 1980, Chapter 482 ("Chapter 482"); and
WHEREAS, pursuant to Minnesota Statutes, Chapter 462C, .the
County Authority is undertaking a single family mortgage revenue
bond program (the "Program") for all of Carver County, including
Chanhassen (the "City"); and
WHEREAS, the Housing and Redevelopment Authority in and for
the City of Chanhassen (the "City Authority") has determined that
it is in the best interest and for the public benefit and welfare
of the City that the County Authority use proceeds of-bonds
issued to finance the Program to finance the acquisition by low
and moderate income first-time home buyers of residences located
in the City.
NOW, THEREFORE, BE IT RESOLVED as follows:
1. The City Authority hereby approves the use by the County
Authority of proceeds of the.Bonds to f, inance acquisition pur-
suant to the Program of Homes located in the City.
Passed and adopted by the Chanhassen Housing and
day of
R~evelopment Authority this 22nd - Se te ,
1988. ..
¢. L. ~iteh~ll
Chairman
ATTEST:
Don Ashworth
Executive Director