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Exhibit E BOARD OF COUNTY COMMISSIONERS Anoka County I Minnesota August 12, 1986 RESOLUTION NO. Haas Steffen 86-70 DATE OFFERED BY COMMISSIONER COUNTY BOARD POLlC.Y - COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME AMENDING RESOLUTION 85-42 WHI;REAS, 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 Boord of Commissioners has been designated as on "Urban County" by the Federal Housing and Urban Development Deportment and consequently is eligible to participat~ in the National Community Development Block Grant Program; and, WHEREAS, the ,A.noka County Board of Co."missioners has directed the, .preparation of 0 plan under the Community Development Block Gra~t Program. if' concert with the municipalities of Anoka County; and, WHEREAS, . as a portion of said plan, municipalities as the sub-grantee of Community Dev~lopment Block Grant funds may utifize said funds in various program forms to benefit low and moderate income persons, to aid in the preventi(;jn or elimination of slums or blight or to meet other community development needs h~ing a particular urgency because of threat to health and safety; and, . WHEREAS, "program income" means 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 of commodities, usage or rental fees, I!>an 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 w~ 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 pr09ram income, to 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 Coun.ty Board of Commis.sioners does hereby establish os 0 matter of policy that: I) All CDBG program income meeting the above definition, except payments to 0 County-approved LDC revolving loon account, shall be promptly forwarded to Arioka 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 011 CDBG regulations, and that 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 S70.61 I. b) Compliance with Titl~ VI of the Civil Rights Ac:t of 1964. c) Requirement for the LDC to submit quartedy reports to the Anoka County Community Developtllent Director regarding the use and results of expel)diture of funds from the revolving loan account for so long os Anoka County rem?ins an entitlement county. d) Any other provisions "required by State or F ederallaw or regulation. 3) Anoka County has established os ~f May I, 1985, Q revolvi~g loan account for deposit of 011 economic development loon payments received by Anoka County. BE'IT FURTHER RESOLVED that, all 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 sholl therefore be availqbJe to the community for future expenditure pursuant to the "Joint Cooperation Agreement in effect at the time of expenditure. 1{)