04-1073Council File # �.t-tu't3
Resolution #
Green Sheet # ��a��a�
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Presented By
ty
Referred To Committee: Date
1
2 WIIEREAS, Saint Paul Department of Planning and Economic Development administers the Mortgage
3 Foreclosure Prevention Program, wluch provides mortgage foreciosure prevention counseling to Saint Paul
4 homeowners who have mortgage payxnent delinquencies and mortgage defaults; and
5
6 NOW BE IT RESOLVED, that Council of the City of Saint Paul authorizes the Saint Paul Department of
7 Planning and Economic Development to execute an Administrator Agreement with the Minnesota Housing
8 Finance Agency in order to implement its Foreclosure Prevention Assistance Program far the period of
9 October 1, 2004 to September 30, 2005.
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27 Benanav
2.g Bostrom
29 Harr�s
3� xelgen
31 Lantry
32 Montgomery
33 Thixne
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3 6 Adopted by Council:
39 Adoption certitie
44 B
42 Approved by M o:
43
44 av.
Date �� ///..�/7G
Requested by Department of:
� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
PE - p��IDgffiEconomicDevelopmmt � O6-OCT-04
Cor�ct Person 8 Phone:
Joe Coliins
266-6020
Musf Be on Couneil Aaen
�
Assi9n
Number
For
Rovting
Order
� Da-�o,3
Green Sheet NO: 3023'123
oeoarhneM SeMTOPerson InitiaVDate
0 lannin Econ mic Devel . Mever I��
1 lannin & o00 �c Develo T. Sanchez
2 lannin & Ecan mic Develo P Dire ��
3 ' Attome P J.Kell ___LVit�ti�
4 a or's ce �
5 ouncil
6 ioan i Servic M. Smith
7 lannin & Econo 'c Develo S. Collins
Total # of SignaWre Pages _(Clip All Locations for SignaWre)
PED requests authoriza$on to provide mortgage foreclosure prevenrion counseling services to St. Paul homeowners under a contract
with Minnesota Housing Finance Agency (MFIFA). IviHFA will reimburse PED in the amount of $28,000 for administrative fees.
MF�A will also provide $32,000 in emergency loans for eligible St Paul homeowners who have mortgage defaulu.
iaations: Apprave (A) or R
Planning Commission
CIB Committee
Civil Service Commission
Folfowing fluestions:
1. Has this person/firm ever worked under a contract for this department?
Yes No
2. Has this person/firm ever been a city employee?
Yes No
3. Does this person/firm possess a skill not normally possessed by any
current ciry employee?
Yes No
Euplain all yes answers on separate sheet and attach to green sheet
Initiating Problem, Issues, Opportunity (Who, What, When, Where, Why):
PED provides mortgage foreclosure prevention counseling to St. Paul homeowners who have mortgage defaults and mortgage
delinquencies.
AdvantageslfApproved:
PED will receive a$28,000 far administrarive fees and emergency financial assistance to implement the City's Mortgage Foreclosure
Prevenrion Propram.
Disadvantapes If Approved:
None
NOV � � 2004
��� � � zoo�
Disadvanta9es If Not Approved:
PED will not receive administrative fees, and St. Paul homeowners will not receive emergency
defaults.
necessary to cure mortgage
,� _ „
�
otal Amount of
Transaction: $28.000
Fundinq Source:
(R): � Pereonal Service
CosNRevenue Budgeted: � 9g � gg
Activity Number: 117-26523-3699 ,���� D e7 LYiU�
E
Financialinformation:
(Explain)