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Exhibit D BOARD OF COUNTY COMMISSIONERS Anoka County. Minnesota DATE April 23, 1985 RESOLUTION NO. 85-42 OFFERED BY COMMISSIONER Langfeld COUNTY BOARD POLlCY"- . COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME AMENDING RESOLUT'ONS 8/-107 AND 82-53 WHEREAS, Title I of the Hqusing 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 Deportment and consequently is eligible; to participate in the National ComrT1unity 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 0 particular urgency because of threat to health and safety; and, \ . WHEREAS; "program income" means gross income earned by the sub-grantee from the grant supported activity such as: proceeds from the sale of real or personal property, interest earned on escrow accounts, revolving rehabilitation accounts or lump sum rehabilitation accounts, income from service fees, sale af commodities, usage or rental fees, loon proceeds from rehabilitation or economic development loans, and interest earned on revolving loans and proceeds from special ossessments levied to recover the cast of constructing 0 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 os the Community Development Block Grant recipient must receive all 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 authorized; and, . WHEREAS, payments of interest and principal due on economic . development loons to private industry, which are mode to a revolving loan account which was approved os 0 CoO.G.B. grant to 0 State-certifie.d local development corporation are not considered by HUD to be "program income": . NOW, TflEREFORE, BE IT RESOLVED that the Anoka County Board of Commissioners does hereby establish as a matter,of policy that: I) All income from CDBG-funded activities 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 loaf) r~payments within the account for continued use for economic development and that the County or the city will execute an agreement with the LDC which will inclu<;fe: 0) Prohibition of conflict of interest as provided in HUD Regulation 24CF.R 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 on entitlement county. d) Any other provisions required by State or Federal low or regulation. ~'}