268973 WMITE - CITV CLERK l
PINK - FINANCE G I TY OF SA I NT PAIT L Council ���8���
CAN4R�- DEPARTMENT 1
�U� - MAVOR - Flle NO•
�
'l eso ution
Presented By �
Referred To Committee: Date
Out of Committee By Date
WHEREAS, the Council of the City of Saint Paul did approve the establishment
of the Saint Paul Rehdibilitation Loan and Grant Program Concept and Guidelines
on November 21, 1974, Council File No. 264630; and
WHEREAS, the Council has approved various amendments to said pro ram's
concepts and guidelines on December 23, 1975 (Council File No. 266548�,
January 15, 1976 (Council File No. 266641) , May 28, 1976 (Council File No. "
267262) , August 26, 1976 (Council File No. 267774), and December 16, 1976
(Court�'[1 File No. 268293) now, therefore, be it
RESOLVED, that the Council of the City of Saint Paul upon the recommendation �
of the Mayor, does hereby further amend the Rehabilitation Loan and Grant
Program Concept and Guidelines as follows: �
AMEND, Paragraph 6, page 1 by adding the letter "a." and a new section "b."
as follows:
6. Persons and families of low and moderate income.
a. Means those natural persons or families whose income is within the following
income limits and categories. For purposes of this Act, families shall
` include nonblood related adults and tenant cooperatives.
ANNUAL ADJUSTED GROSS HOUSEHOLD INCOME CATEGORIES
Low Interest Middle Interest Upper Interest
�oan (%) �oan (%) l.oan (�)
Family Size (Low Income) �Low-Moderate Income) (Moderate Income)
1 person up to $ 7,200 $ 7,201 to $13,650 $13,651 to $14,500
2 persons up to $ 8,750 $ 8,751 to $13,650 $13,651 to $15,000
3 persons_ up to $10,000 $10,001 to $13,950 $13,951 to �15,500
-� � persons up to $10,300 $10,301 to $14,250 ' $14,251 to $16,000
_ COUNCILMEN
Yeas Nays Requested by Department of:
Butler
Hozza [n Favor
Hunt �Z'V /�'�?, �k�
Levine _ Against BY
Roedler
Sylvester
Tedesco
Form p r ved by Ci� Attorney ^
Adopted by Council: Date
Certified Passed by Council Secretary
By
Approved by INayor. Date: Approved by Mayor for Submission to Council
By BY
WMITE - CITY CLERK COURCll `„������
PINK tPINANCE GITY OF SAINT PAIIL 1
� CANARY_- DEPARTMENT
BLU� - MAVOR - Flle NO.
L-
Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
-3-
continued
5. For urchasers under the Cit of Saint Paul Urban Homesteadin Pro ram, where
t e H retains fee tit e to t e premises eing re a i itate , at t e time t e
HRA conve s fee title to the urban homesteader, the urban homesteader shall
conve a mort a e interest to t e H as securit for their rehabilitation oan.
Except as provi e e ow, a 1 C�ty re ab� itation loans must e secured by a
mortgage or other recorded lien or appropriate docum�nt against the eligible
property. Rehabilitation loans to contract for deed purchasers must either be:. .. . .
COUNCILMEN
Yeas Nays Requested by Department of:
Butler � In Favor
Hozza
��
Levine 0 _ Against BY
Roedler
Sylvester
Tedesco.-- /../_�� 9'Z �{�� Form Ap o d by City Attorney �
Adopted by Counci� Date +
, �
-ertified Va.s y C cretary B
�
B�,
Appr d by Mayor. te ,r,n � S2 �77 Approv by Mayor for Sub io to �ounci
By BY
PUBLISHED MAY 7 1g77
WHITE - C�TV CLERK COUIICII ��.�il l�
PINK � FINANCE GITY OF SAINT PAUL
CANAR�-- DEPARTMENT F � :J E
BLIiE - MAVOR File NO.
Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
-2-
continued
5 persons up to $11,850 $11,851 to $14,550 $14,551 to $16,500
6 persons up to $12,150 $12,151 to $14,850 $14,851 to $17,000
7 persons up to $12,500 $12,501 to $15,150 $15,151 to $17,500
8 persons up to $12,800 $12,801 to $15,450 $15,451 to $18,000
9 persons up to $13,100 $13,101 to $15,750 $15,751 to $18,500
10 persons (or more) up to $13,400 $13,401 to $16,050 $16,051 to $19,000
b. Notwithstanding the above, those persons or families selected as
urchasers under the Cit of Salnt Paul Urban Homesteadin Pro ram
shal be e igib e for a ow �nterest oan.
AMEND, paragraph 8, page 3 by adding the following language after the words
"in these guidelines":
8. Eli ible loan reci ients. Means those persons or families of low and moderate
income w o are owner occupants of eligible properties and meet other requirements
and qualifications for a City rehabilitation loan as set forth in these
guidelines, or those ersons or families selected as urchasers under the
City of Saint Pau Urban Homestea ing rogram.
AMEND, paragraph 5, page 8 by adding the following language before the words
"Except as provided":
COU[VCILMEN Requested by Department of:
Yeas Nays
Butler
Hozza In Favor
Hunt
Levine Against BY
Roedler
Sylvester
Tedesco
Form Approved by City Attorney
Adopted by Council: Date
Certified Passed by Council Secretary BY
Bp
Approved by Nlayor: Date Approved by Mayor for Submission to Council
By BY
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