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COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br />Resolution # 25-0XX <br />REQUESTING FUNDS FOR THE CENTERVILLE <br />REVOLVING LOAN AND GRANT PROGRAM <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTERVILLE, <br />MINNESOTA <br />WHEREAS, the Anoka County Housing and Redevelopment Authority (HRA) has segregated <br />funding for business grant and loan projects in the City of Centerville; and <br />WHEREAS, the City wishes to request the release of funds to use for their Revolving Loan and <br />Grant program under MN State Statute 469.091; and <br />WHEREAS, the program offers grants and low interest loans (2%) to assist businesses with <br />capital investments in their properties for the betterment of the community; and <br /> <br />WHEREAS, the program is available to all businesses with a physical location in the city; and <br /> <br />WHEREAS, City staff anticipates that a few businesses per year are likely to participate in the <br />program; and <br /> <br />WHEREAS, the Centerville program was established in 2021 with an HRA allocation of <br />$25,000; and <br /> <br />WHEREAS, the City has used these funds to support local businesses through grant and loan <br />projects; and, <br /> <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Centerville, <br />County of Anoka, State of Minnesota, the City hereby requests the release of funds for its grant <br />and loan program; and The Interim City Administrator is authorized to request a new allocation <br />to the program of $50,000 from the cityÓs HRA fund, administered by the county. <br /> <br />Passed and Adopted by the City of Centerville this 9th day of April 2025. <br /> <br /> <br />_____________________________ <br />Mayor, Nancy Golden <br /> <br />_________________________________ <br />City Clerk, Teresa Bender <br /> <br />