Agenda - Council - 08/26/1986 - Laserfiche WebLink

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BOARD OF COUNTY COMMISSIONERS Anoka County, Minn®soto DATE. August 12, 198~ RESOLUTION NO, Haas Steffe~ OFFERED BY COMMISSIONER 86-?0 COLINTY BOARD POLICY - COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME AMF_hlDING RESOLUTION 85-a2 WHEREAS, Title I at the Housing and Co~munity Development Act of IC)7~, a~ amended provides for o program of Community Development Block C_,ronts.; and, WHEREAS, the Anc~o County Board of Commissioners has been designated os "Urban County" by the Federal Housing and Urban Development Department consequently is eligible to porHcipate in the National Community Development Grant Program; and, WHEREAS, the Anoka County Board of Commissioners has directed the. preparation of a plan ur'~der the Community Development Block Grant Program ir concert with the municipalities of Anoka County; and, WHEREAS, as a portion of said plan, munlcipalities as the sub-grantee Community Development 13lock Grant funds may utilize said funds in various progro~ forms to benefit Iow and moderate income persons, to aid in the prevention elimination of slums or blight or to meet other community development needs having particular urgency because of threat to health and safety; end, WHEREAS, "program income" means income e,~.~:~ed by the sub-grantee from the grant supported activity such as: proceeds from the sale of real or personal properl% interest earned on escrow account.% revolving rehc:)ilitation accounts or lump rehabilitation accounts, income from service fees, sole of commodities, usage rental fees, loan proceeds from rehabilitation or economic development Ioans~ interest earned on revolving loans end proceeds from special assessments levied to recover the cost of constructing a public works or facility to the extent that such cost was initially paid with the Community Development Block Grant funds; and, o WHEREAS, in accordance with Federal regulations, Anoka County as the Community Development EHock Grant recipient must receive all program income, ta be used for any eligible Community Development Block Grant activity and the Count,/ must expend revenues generated by program income before further drawdown requests will be authorized= NOW, TI-~REFORE, BE IT RESOLVED that the Anoka Co~nty Board of Commissioners does hereby establish as a matter of policy that: I) All CDBG program income meeting the above definition, except payments to e County-approved LDC revolving loan account, shall be promptly forwarded to Anoko Co~ty. 2) Each LDC which has a CDBG revolving loan account for economic developmerff will retain loon repayments within the account for continued use for economic development subject to all CD~G regulations, and that the County or the city will execute an agreement with the LDC which will include:. Prohibition of conflict of interest as provided in HUD Regulation 26,CFR Part 570.61 I. b) Compliance with Title VI of the Civil Rights Act of 1~6~,. c) Requirement for the LDC to submit quarterly reports to the Anoka County Community Development Director regarding the use and results of expenditure of funds from the revolving loan account for so long as Anokc County remains on entitlement county. d) Any other provisions required by State or Federal law or regulation. 3) Anoko County has established as of May I, 1985, a revolving loan account fo' deposit of all economic development loan payments received by Anoko County. BE IT FURTHER RESOLVED that, all program income received by Anoka County from activities funded in total or port from a municipality's CD~G project wil[ increase that community'~ budget for eligible CDBG octlvities and shall therefore be available to the co~nmunity for future expenditure pursuant to the Joint Cooperatio- Agreemen, in effect at the time of expenditure. ,~..