HomeMy WebLinkAbout10-27-88-10 - Resolution - 10/27/1988 ~'..._...f ,. : ~ .....~ .~,, ~. ,',%;~ _.. . ,,1,;..,. ,.; :.:. · .. ,~..-."'-"
A RESO UTZO AUTHORZZZ THE TO A 'P ,ZCATZO
':~ WHEREAS, the City Council has expressed an interest in
~]-- ....% rehabilitating older propertyr and
~'.~.~.., WHEREAS, the Texas Department of Commerce has devel-
: '..,~'~ .;.;.%, oped a Rental Rehabilitation Program which provides -:-! ,-;".:;;~ '?'"~
t~ :'"'"':' financial assistance to income property owners for the
rehabilitation of substandard rental property; and ..
WHEREAS, the Texas Department of Commerce requires the .
~ii ~.~ identification of eligible neighborhoods meeting spec-i~ ).:...i~-- --~
'"'A..'.'--:~ ified criteria; specifically, for the purpose of pro-
riding financial assistance to income property owners
to make cost effective repairs to substandard rental
' property for use by qualifying low income tenants for .'
a period of not less than ten (10) years; ..,
WHEREAS the City of College Station Community Devel- ': :r):. ,
l~~::i:} '~ ' and has i! '~~
opment Office has canvased property owners .
,'"~' :~:.:: ' determined that there is a level of interest suffi- i'? ~'-"'"~'"'~
cient to warrant a request in the application for One .i' ..' "~
,~?. Hundred Thousand Dollars ($100,000).
l~i~'" the City of College Station that the Mayor is author- i~:. !~X"i~.~
ized to make application to the Texas Department of
' Commerce for participation in the Texas Rental Reha- : ':'::
~:,~:i bilitation Program; said request being in the amount
' .~.-~". of One Hundred Thousand Dollars ($100,000), '
,: A::' PASSED and APPROVED this 27th day of October, 1988, ~--'~ ~..:
"~: "~'~' ' .- AP~ED:
'~"*:':5'.'.~ ' I~¥OR PRO-TEM FRED BROWN
ATTEST.-
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