2005-05-25 CC Agenda - Laserfiche WebLink

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Exhibit D BOARD OF COUNTY COMMISSIONERS Anoka County. Minnesota DATE April 23, 1985 RESOLUTION NO. 85 42 OFFERED BY COMMISSIONER Longfe/d COUNTY BOARD POLlCY- . COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME AMENDING RESOLUTIONS 8/-107 AND 82-53 WHEREAS, Title I of the HQusing and Community Development Act of (974 os amended provides for a program of Community Development Block Grants; and, WHEREAS, the Anake County Boord of Commissioners has been designated as an lIUrban Cauott' by the. Federol Housing and Urban Development Department and consequently ;0$ eligibJe; to participote in the Notional ComlT'!unity Development Block. Gront Program; and, WHEREAS, the Anoka County Board of Commis.sjoners has directed the preparation of a pion under the Community Development Block Grant Program in concert with the municipalities of Anoka County; and, WHEREAS, os 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 commvnity development needs having a particular urgency bec;ause of threat to health and safetYi and, \ WHEREAS,. "program income" means gross income earned by the sub-grantee from the grant supported oc;tivity such as: proceeds from the sole of real or personal property, interest earned on esCrow accounts, revolving rehabilitation accounts or lump sum reh.obilitation accounts, income from service fees, sale of commodities, usage or rental fees, 100/1 proceeds from 'rehabilitation or economic development loons, and interest eorned on revolving loons and proceeds from special assessments levied to recover the cost of constructing a public "works or facili ty to the extent that such cost was initially paid with the CommLnity DeveJopment Block Gront funds; and,. WHEREAS, in accordanCe with Federal regulations, Anoka County as the Community Development Brock Grant recipient most receive all program income. The County then may use said funds for any eligible Community Development Block Grant activity Qfld the County must expend revenues generated by program income befo~e further drowdown requests wilt be authorized; and, I WHEREAS, payments of interest ond principal due on economic . development. "loans to private industry. which ore mode to 0 revolving loan account which was approved os Q C.D.G..B. grant to a State-certifie:d local development corporation ore not considered by HUD to be "program income": . NOW, THEREFORE, BE IT RESOLVED that the Anoko County Boord 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, shaJJ be promptfy fOl"worded to Anoka ~ounty~ 2) "Each LDC which has (] COBG revolving loon account for economic development wile retain 1001) q~payments Within the account for continued use for economic development ond that the County or the city will execute on agreement with the LDC which wi! I include: 0) Prohibition of conflict of interest as provided in HUO Regulation 24CFR, Port 570.611. b) Compliance with Title VI or the Civil Rights Act of 1964. c) Requirement for the LDC to submit quarterly reports to the Anoka County. COfT"!munity Development Director regarding the use and results of expenditure of funds from the revolving loon account for so long os Anoka County remains an entitlement county. d) Any other provisions required by State or Federal law or regulation.