HomeMy WebLinkAbout~Master - Approving Agreement for Financial Partcipation with the Participating Lenders in the 1999 Ames/Story County Partnership Down Payment and Closing Cost Assistance Affordable Housing Program RESOLUTION NO. 99-138
RESOLUTION APPROVING THE AGREEMENT
FOR FINANCIAL PARTICIPATION WITH THE
PARTICIPATING LENDERS IN THE 1999
AMES/STORY COUNTY PARTNERSHIP
DOWN PAYMENT AND CLOSING COST ASSISTANCE
AFFORDABLE HOUSING PROGRAM
FOR THE CITY OF AMES,IOWA
WHEREAS, on December 31, 1998, the Iowa Department of Economic Development
(IDED) awarded a Local Housing Assistance Program (LHAP) grant in an amount not to exceed
$400,000 to the Ames/Story County Partnership (ASCP); and,
WHEREAS, the ASCP includes the cities of Ames, Collins, Colo, Huxley, Maxwell,
McCallsburg,Nevada, Zearing, and Story County; and,
WHEREAS, the partnership also includes the following financial institutions: Brenton
Savings Bank,F&M Bank,First American Bank,First National Bank,Firstar Bank,Norwest Bank,
State Bank& Trust, Iowa Fannie Mae Partnership Office.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames,Iowa,
that the financial agreement with the participating financial institutions in connection with the
Ames/Story County Partnership Down Payment and Closing Cost Assistance Affordable Housing
Program is hereby approved.
ADOPTED THIS 27th day of April, 1999.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Cross
Seconded by: Parks
Voting aye: Cross, Hoffinan, Parks, Quirmbach, Wirth
Voting nay: None Absent: Campbell
Resolution declared adopted and signed by the Mayor this 27th day of April, 1999.