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BOARD OF COUNTY COMMISSIONERS Anoka County, Minnesota DATE Apri[ 23, 1985 RESOLUTION NO. 85.42 OFFERED BY COMMISSIONER Langfeid COUNTY BOARD POLICY - COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME AMENDING RESOLUTIONS 81-107 AND 82-53 WHEREAS, Title I of the Housing and Community Development Act of 1974 as amended provides for a program of Community Development Block Grants; and, WHEREAS, the Anoka County Board of Commissioners has been designated as an "Urban County" by the Federal Housing and Urban Development Department and consequently is eligible to participate in the National Community Development Block Grant Program; and, WHEREAS, the Anoka County Board of Commissioners has directed the preparation of a plan under the Community Development Block Grant Program in concert with the municipalities of Anoka County; and, WHEREAS, as a portion of said plan, municipalities as the sub -grantee of Community Development Block Grant funds may utilize said funds in various program forms to benefit low and moderate income persons, to aid in the prevention or elimination of slums or blight or to meet other community development needs having a particular urgency because of threat to health and safety; and, WHEREAS, "program income" means grass income earned by the sub -grantee from the gronl supported activity such as: proceeds from the sale of real or personol property, interest earned on escrow accounts, revolving rehabilitation accounts or lump sum rehabilitation accounts, income from service fees, sale of commodities, usage or rental fees, loan proceeds from rehabMiction or economic development loans, and interest earned on revolving loom and 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, WHEREAS, in accordance with Federal regulations, Anoka County as the Community Development Block Grant recipient must receive a[[ program income. The County then may use said funds for any eligible Community Development Block Grant activity and the County must expend revenues generated by program income before further drawdown requests will be ovthorixed; and, WHEREAS, payments of interest and principal due on economic. development loans to private industry, which are made to a revolving loon account which was approved as a C.D.G.B. grant to a State -certified local development corporation ore not considered by HUD to be "program income": NOW, THEREFORE, BE IT RESOLVED that the Anoka County Board of Commissioners does hereby establish as a matter of policy that: 1) All income from CDBG-fvnded octiviffes which meets the above definition of program income, shall be promptly forwarded to Anoka County, 2) Each LDC which has a CDBG revolving loan account for economic development will retain loan repayments within the account for continued use for economic development and that the County or the city wil I execute an agreement with the LDC which will include: a) Prohibition of conflict of interest as provided in HUD Regulation 24CFR Part 570.611. b) Compliance with Title V1 of the Civil Rights Act of 1964. 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 Anoka County remains an entitlement county. d) Any other provisions required by State or Federal low or regulation. 63