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7.3 HRSR 12-05-2016
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7.3 HRSR 12-05-2016
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12/2/2016 3:19:17 PM
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City Government
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HRSR
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12/5/2016
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111(4' .., <br /> Pik Request for Action <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authority 7.3 <br /> Agenda Section Meeting Date Prepared by <br /> General Business December 5,2016 Amanda Othoudt, EDD <br /> Item Description � Reviewed by <br /> Housing Owner-Occupied Rehabilitation program Cal Portner, City Administrator <br /> contract with Central Minnesota.Housing Reviewed by <br /> Partnership (CMHP). <br /> Action Requested <br /> Approve,by motion,the HRA Rehab Owner-Occupied Housing Rehabilitation Program Administrative <br /> Agreement with CMHP to administer the HRA housing program. <br /> Background/Discussion <br /> At the August 5,2013,regular meeting,the HRA approved hiring the Central Minnesota Housing <br /> Partnership (CMHP) to serve as the HRA's housing consultant to develop and administer an internally <br /> funded Elk River housing program. <br /> The program has proved to be successful,with eight total projects completed and four more projects on <br /> scheduled to start. <br /> At their July 5 budget meeting, the HRA,by general consensus,agreed to continue funding the housing <br /> program at$100,000 under contract with CMHP to administer the program. <br /> Financial Impact <br /> $100,000 is included in the 2017 budget under the contractual services line item. <br /> Attachments <br /> • HRA Rehab Loan Administration Agreement <br /> riEeEO l A�'U <br />
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