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R2002-108 ENDORSING THE SUBMISSION OF AN APPLICATION
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R2002-108 ENDORSING THE SUBMISSION OF AN APPLICATION
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1/19/2016 10:36:44 AM
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1/19/2016 10:36:43 AM
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Resolution/Ordinance
Res Ord Num
R2002-108
Res Ord Title
ENDORSING THE SUBMISSION OF AN APPLICATION SECTION 108 PROGRAM FUNDS NEAR NORTH REDEVELOPMENT PROJECT AREA
Approved Date
6/17/2002
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IV ELIGIBLE ACTIVITIES <br /> This project's activities permitted with the use of Section 108 will include (and comply with <br /> Davis-Bacon, Environmental Review and Fair Housing requirements): <br /> 24 CFR 570.703 Eligible Activities <br /> a.) Acquisition of real property; <br /> b.) Rehabilitation of real property either publicly owned or acquired; <br /> c.) Interest payments on Section 1081oans; <br /> d.) Related clearance, demolition and removal; <br /> e.) Related site preparation' <br /> f.) Payment of issuance, underwriting, servicing and other financing costs; <br /> -g.) Housing rehabilitation and preservation; <br /> h.) Economic Development Activities <br /> 1. Activities <br /> a. Acquisition, (re)construction, rehabilitation of <br /> installation of commercial or industrial <br /> buildings or other real property or equipment <br /> b. Assistance to for-profit businesses that is <br /> necessary or appropriate to carry out an <br /> economic development project <br /> 2. Acquisition, (re)construction, rehabilitation, or installation <br /> of public facilities, site improvements, and utilities for <br /> economic development <br /> i.) Debt Service Reserve <br /> Proposed Section 108 Loan Application Page 8 �()/11/�2 <br />
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