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Res 1986 -100 Approving the Application of MH for Fiscal Year 1987 Dakota County Community Development Block Grant FundingCity of Mendota Heights Resolution No.$6_100 A RESOLUTION APPROVING THE APPLICATION OF THE CITY OF MENDOTA HEIGHTS FOR FISCAL YEAR 1987 DAKOTA COUNTY COMMUNITY DEVELOPMENT BLOCK GRANT FUNDING BE IT RESOLVED by the City Council of the City of Mendota Heights as follows: 1. The City Administrator is authorized to submit the attached application to Dakota County for a Community Development Block Grant in Fiscal Year 1987. 2. The application is approved by the City Council and the Mayor and City Clerk are authorized to execute it on behalf of the City of Mendota Heights. 3. That the Dakota County HRA be designated as the administrative entity to carry out the program on behalf of the City. Adopted by the City Council of the City of Mendota Heights this 16th day of December, 1986. Robert Lockwood, Mayor ATTEST: thleen Swanson, City Clerk Dakota County Community Development Block Grant Proposal Fiscal Year 1987 City of Mendota Heights 2 Legal Name of Applicant Community Development 750 South Plaza Drive Legal Address of Applicant Mendota Heights City Kevin Frazell District Minnesota 55120 State Zip Contact Person City Administrator (612) 452-1850 Title Phone Number Mendota Heights Housing Rehabilitation Project Project Name The city-wide project consists of loan and deferred loan funds for rehabilitation of single-family, owner -occupied dwellings. Brief Description of Project $82,500 Amount Requested 1. Has this project received funding CDBG before? u Yes u No 2. Project duration: One Year Other (Specify): Revolving loan fund creates on-going program Proposed beginning date: 5-1-87 Proposed completion date: 11-1-88 3. Grant funds will be used for: Acquisition Clearance Activities Disposition Economic Development Planning Public Facilities Public Services Rehabilitation Other (Specify): 0320000=Irf0 4. Federal objective addressed (attach documentation): I=t Benefit to low and moderate income persons a Aid in the prevention or elimination of slums and blight El Alleviation of urgent community development need 5. 'General description of the project (include project goals and importance to community): Provision of low interest and deferred loans for low and moderate income homeowners. Any form of owner -occupied housing would be eligible. For more information see Attachment A. The HRA may be able to leverage additional funds through the Minnesota Housing Finance Agency. 2 6. Description of project area (attach map) : The project area consists of the entire corporate limits of the City of Mendota Heights. (See attached map.) 7. Persons benefiting: Total number of persons benefiting: 11 houesholds Percentage of low/moderate income: 100 % 8. Construction schedule: Not Applicable LI Applicable If applicable: Estimated date construction will begin: May 1, 1987 Estimated date construction will be completed: November 1, 1988 9. Project cost: Total project cost: Amount of C.D. Grant requested: $ 82,500 (Percentage of total project cost): 100 % Source and amount of other revenue: $0 $ 82,500 10. Budget summary by activity: Activity CDBG Other/List Source Total Housing rehabilitation $ 82,500 $ $ 82,500 and related project administration. Total $ 82,500 $ $ 82,500 3 11. Additional supporting items submitted with proposal (check if attached): Benefit documentation (see question 4) Resolution of governing body requesting grant Additional project information Map or sketch outlining project area Professional's certification of feasibility and accuracy of scope and budget (engineer's, architect's, etc.) rj Letters in support of project/or letters of commitment ri Other (Specify): 17MEt00 Certification I certify that the statements and application requirements of this official pro- posal are correct and that this proposal contains no misrepresentation or falsi- fications, omissions or concealment of material facts and that the information given is true and complete to the best of my knowledge and belief, and that no bids have been awarded, contract executed, or construction begun on the proposed project. J�17?C Date Attachment A Dakota County Community Development Block Grant Proposal Fiscal Year 1987 City of Mendota Heights 4. Documentation in Support of Federal Objectives a. Benefit to Low and Moderate Income Persons The housing rehabilitation program will only be available to those households in Mendota Heights within 80% of the median income for the Twin Cities Metropolitan Statistical Area. (See income limits listed below.) The program funds are only available for persons in this low and moderate income bracket who maintain owner -occupied, single family dwellings. Program benefit to this income group is 100%. INCOME LIMITS Family Size Loansl Deferred Loans2 1 $12,300 - $19,250 $12,300 2 14,050 - 22,000 14,050 3 15,800 - 24,750 15,800 4 17,550 - 27,500 17,550 5 18,950 - 29,200 18,950 6 20,350 - 30,950 20,350 7 21,750 - 32,650 21,750 8+ 23,150 - 34,400 23,150 1 Households between these income ranges would be eligible for loans. 2 Households below these incomes would be eligible for deferred loans. 1 Attachment A (con't) Dakota County Community Development Block Grant Proposal Fiscal Year 1987 City of Mendota Heights 5. General Description of the Project a. Project Description The dsign of the program will be a combination of loansl and deferred loans6 to owner -occupied, single-family homes. With a Community Development Block Grant of $82,500, eleven (11) loans of $7,500 would be available. Low-income households with incomes less than 50% of the Metropolitan Statistical Area (MSA) median income (see Attachment A, page 1) will be eligible for deferred loans. Moderate -income households with incomes between 50% and 80% of the MSA median income who demonstrate adequate capacity to repay the loan, and give evidence of acceptable credit risk will be eligible for 3% low-interest rate loans. The maximum loan amount for both deferred and low-interest loans for single-family homes will be $10,000 with a maximum term of ten (10) years. Rehabilitation loans and deferred loans may only be used to improve the property by increasing the structure's energy efficiency, or to remove health, safety, or other deficiencies and to bring the structure into compliance with the property rehabilitation standards used by the Housing and Redevelopment Authority. These loans may also be used to modify or rehabilitate the housing unit to make it accessible for a han- dicapped or disabled member of the household. The improvements financed by these loans must be completed within nine (9) months from the date of the issuance of the Proceed to Work Order. Rehabilitation loans and deferred loans may not be used to finance freestanding or built-in kitchen appliances, landscaping, or work begun or completed before the date of the Proceed to Work Order. 1 The maximum loan available would be $10,000 for rehabilitation. To secure the loan, a promissory note for the terms and conditions agreed to and a mortgage deed shall be signed by all parties listed on the title of the pro- perty to be improved. The mortgage shall be recorded with the County; copies of all recorded documents will be forwarded to the homeowner. 2 The maximum deferred loan available would be $10,000 for rehabilitation. If the property is sold, transferred, or no.longer the principal residence of the applicant, all funds must be repaid. A repayment agreement stating these terms and conditions shall be signed by all parties to the title of the pro- perty to be improved. This agreement shall be recorded with the County; copies of all recorded documents will be forwarded to the applicant. -2 Attachment A (con't) MHFA Home Improvement Loans will be awarded to households, with incomes less than $27,000. The maximum loan amount will be $15,000 for fifteen (15) years with a variable interest rate of 3% - 9% depending .on the households income. MHFA Rehabilitation Deferred Loans of up to $7,500 will be granted to households with incomes less than $7,000. B. Project Need The need for housing rehabilitation in Mendota Heights has been moderate in the past. In Dakota County since 1976, 21 of the 773 (3%) of the total Minnesota Housing Finance Agency Loans and Community Development Block Grant loans in Dakota County have been awarded in the Mendota Heights area. COMMUNITY DEVELOPMENT Elderly Family Total MHFA Home Improvement Loan 0 4 4 MHFA Home Rehab Loan 3 3 6 MHFA Home Energy Loan 1 6 7 Rental Rehab 1 0 1 CDBG Rehab Loan 2 2 4 Weatherization 10 11 ' 21 . TOTAL COMMUNITY DEVELOPMENT C. Implementation 17 26 43 The Dakota County HRA will act on behalf of the City of Mendota Heights in administering these funds. The HRA will provide the following staff functions: 1. Program advertising and outreach. 2. Loan intake and processing. 3. Housing inspections, work write-ups, bidding, working with contrac- tors, and final inspections. 4. Program fund requisitions, record keeping and auditing. 5. On-going loan servicing and program income accounting. 3 EA s/r • • \ I fatal. rilCa., \�� �r .. [awl. a�.1.4n ..v[. [[orf WO Ifl MUNICIPALPIT OF MENDOTA- HEIGHTS 1•17.121 or re MINNESOTA DEPARTMENT OF TR/LNSPORTATION TECHNICAL LSE XCES DIVISION • US DEPARTMENT OF TRANSPORTATION /MCRAE HIGHWAY ADHINISTRATION GUS 1981 • LEGEND ▪ .teVA ▪ warm= r. � °rI .v.. 0 e rn .• s, 3 f 4*- •• 'norsktyn Park ..w ' Shoreview -•'i F1 WHITE: BEAR • a STILLWA Arderr ti,+Us 'Vadnais . .'Heights 1 i Little Canada .p ir•' apiewood' • North S f. 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