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HomeMy WebLinkAboutReso. 78-240 - Approving Amendments to the Rehabilitation Loan Policy Adopted by the City Council Resolution No. 75-86 Resolution No. ,5. - LyLi A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING APPROVING AMENDMENTS TO THE REHABILITATION LOAN POLICY ADOPTED BY THE CITY COUNCIL RESOLUTION NO . 75-86 WHEREAS, the City of Redding has adopted a rehabilitation loan policy by City Council Resolution No. 75-36 , and amended it by Resolution No. 76-36 , Resolution No. 77-135 , Resolution No. 77-189 , Resolution No. 78-223 , Resolution No. 78-235 , and WHEREAS , the City Council deems it to be in the best interest of the citizens of the City of Redding that the rehabilitation loan policy be further amended as set forth in Exhibit "A" , attached hereto, and WHEREAS, it has been determined that this matter is categori- cally exempt from the provisions of CEQA, NOW, THEREFORE BE IT RESOLVED that the amendments to the rehabilitation loan policy , attached hereto as Exhibit "A" , is hereby approved and adopted. I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular meeting of the City Council of the City of Redding on the 18th day of December , 1978 , and was duly adopted at said meeting by the following vote : AYES : COUNCILMEN : Fulton, Gard, Kirkpatrick, Pugh, & Demsher NOES : COUNCILMEN : None ABSENT: COUNCILMEN: None ATTEST: - c9 . 4. MILDRED L. BRAYTON7 City Clerk DONALD M. DEMSHER Mayor of the City of Redding EARL 'D: MURPHY', C2 Vcorney ci • • • Exhibit "A" AMENDMENT NO. 6 TO CITY OF REDDING REHABILITATION LOAN POLICY Section 10 - Special Programs : Add to Section 10 - Special Programs , a new category, No. 4 , Sewer Assessment Loans , to read as follows : "4 . Sewer Assessment Loans Residents within a sewer assessment district, who qualify under the criteria of the rehabilitation loan program, will be eligible for a loan to fi- nance their sewer assessment. Upon approval of the loan committee , a loan under the above provision may be converted to a grant if the property owner brings the residence into compliance with the housing rehabilitation stand- ards . " Exhibit "A"