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BOARD OF COUNTY COMMISSIONERS Anoka County, Minnesota August 12, 1986 86_70 DATE RESOLUTION N0. Haas SIeffen OFFERED BY COMMISSIONER COUNTY BOARD POLICY - COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME AMENDING RESOLUTION 85-42 WHEREAS, Title 1 of the Housing and Community Development Act of 1974 as amended provides for a program of Community Development Block Crants; 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 ❑ plan under the Community Development Block Grant Program in concert with the mvnicipatities 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 10 health and safety; and, WHEREAS, "program income" means income earned by the sub-grontee from the grant supported activity such as: proceeds from the safe of real or personal 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, loon proceeds from rehabilitation or economic development loans, and interest earned on revolving loans 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 1he Community Development Block Grant recipient must receive all program income, la be used for any eligible Community Development Block Grant activity and the County must expend revenues generated by program income before further drawdown requests will be authorized: NOW, THEREFORE, BE IT RESOLVED that the Anoka County Board of Commissioners does hereby establish as a mal ter of policy that: 1) All CDBG program income meeting the above definition, except payments to a County -approved LDC revolving loan account, 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 subject to all CDBG regulations, and thal the County or the city will 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 VI 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 law or regulation. 3) Anoka County has established as of May 1, 1985, a revolving loan account for deposit of all economic development loan payments received by Anoka County. BE IT FURTHER RESOLVED that, al I program income received by Anoka County from activities funded in total or part from a municipality's CDBG project will increase that community's budget for eligible CDBG activities and shall therefore be available to the community for future expenditure pursuant to the Joint Cooperation Agreement in effect at the time of expenditure.