HomeMy WebLinkAbout~Master - Authorizing Housing Coordinator to Approve Assignment of Mortgages Requested from Habitat for Humanity of Central Iowa to First National Bank for Baker Subdivision RESOLUTION NO. 24-427
RESOLUTION AUTHORIZING HOUSING COORDINATOR
TO APPROVE ASSIGNMENT OF MORTGAGES,REQUESTED
FROM HABITAT FOR HUMANITY OF CENTRAL IOWA
TO FIRST NATIONAL BANK FOR THE BAKER SUBDIVISION
FOR THE CITY OF AMES, IOWA
WHEREAS,with the approval of the Second Amendment to the Restrictive Covenants for
the Baker Subdivision, it is in the best intertest of the City to clarify the role of the Housing
Coordinator to approve mortgage assignments,which will also assist in prompt review of mortgage
changes requested by Habitat of Humanity of Central Iowa to protect the City's affordable housing
programs.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that authorization of the Housing Coordinator to approve requests from Habitat for Humanity of
Central Iowa to assign mortgages within Baker Subdivision to First National Bank after
consultation with the City Legal Department is hereby approved.
ADOPTED THIS 23rd day of July, 2024.
Renee kall, City Clerk John A. Haila, Mayor
Introduced by: Beatty-Hansen
Seconded by: Rollins
Voting aye: Beatty-Hansen, Corrieri, Rollins
Voting nay: None Absent: Betcher, Junck Abstaining: Gartin
Resolution declared adopted and signed by the Mayor this 23rd day of July, 2024.