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CouncJ.L~mt~,~' (;ox introduced the following resolution and moved <br />for its ,'~doption: <br /> <br />RESOLUTION #87-69 <br /> <br /> Wf~.)'R~>~S~ Anoka County is responsible for the allocation and <br />timely e×pe,~diture of Community Development Block Grant (CDBG) <br />funds fr~: t.'~e U.S. Department of Housing and Urban Development; <br />and <br /> <br /> W~:~i,~d:'.~.s~ the City of Ra~gey receives an annual allocation of <br />CDBG R~nds f~;c~ Anoka Co~ty; and <br /> <br /> WH-~?E~,f;~ Auoka County has requested communities receiving <br />allocg~tiops ~f OOBG ftmct~ to submit preliminary applications for <br />expending{ th,~se funds for Fiscal Year 1987; and <br /> <br /> eligible activities for CDBG funds include economic <br /><~ctiv ities and planning activities; and <br /> <br /> Wt-h{REA,~ ~ the City of P~msey has an Economic Development <br />Commis~don ~md local development company, the Ramsey Economic <br />Develo]~n,~.uL ~bmt~nny, co~2itted to economic development in and for <br />Ramse~; ~,"] <br /> <br /> WHEt~,I<A.~, ].n ].986 the Ramsey City Council authorized the <br />Ramse9 l~kxmomic Development Company to establish a revolving loan <br />fund for' eco~,.cm~ic developnent using CDBG funds. <br /> <br />NOW R/~I::P3.tPOF. I~, N~ IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKh COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> ]~. n?h~k the City of Ramsey apply to Anoka County for <br />Commun_]'[y i>avelopment Block Grant funds to be used for economic <br />deve]..ouf~en-i:~ activities such as the revolving loan fund. <br /> <br /> 2~. '~%_d a copy of t~is resolution and a preliminary project <br />app].j.~atJcm request form be forwarded to the Anoka County <br /> <br />The motion: ::.:~,r. the adoption of the foregoing resolution was duly <br />seconded by Councilmember DeLuca and upon vote being taken <br />thereo:~, the followin.q voted in favor thereof: <br /> <br />and the g{,d } ~-:;ing voted the same: <br /> <br />Pesolution %87-69 <br /> <br /> <br />