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.' Exhibit E BOARD OF COUNTY COMMISSIONERS Anoka County, Minnesota August 12, 1986 RESOLUTION NO. Haas 5 tef fen 86-70 DATE OFFERED BY COMMISSIONER COUNTY BOARD POLICY - COMMUNITY DEVELOPMENT BLOCK GRAm PROGRAM INCOME AMENDING RESOLUTION 8S-42 WHEREAS, Title I of the Housing and Community Development Act of 1974 os amended provides for 0 program of Community Development Block Grants; and, WHEREAS, the Anoko County Board of Commissioners has been designated os on "Urban County" by the Federal Housing and Urban Development Departnient and consequently is eligible to porticip"ote in the National Community Development Block Grant Program; and, WHEREAS, the Anoka County Boord of Commissioners has dir:ected the 'preparation of Q plan under the Community Development "Slock Gra~t Program i.n concert with the municipolities of Anoka County; and, WHEREAS, . os 0 portion of said pion, municipalities os the sub-grantee of Community Dev~lopment Block Gront funds may utilize said funds in various prcgram 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 h~ing 0 particular urgency because of threat to health and safety; andJ . WHEREAS, "program income" means income eorned by the sub-grantee f rom the g~ont supported adivity such O~ proceeds from the sale of reol or personaJ property, interest eorned on escrow accounts, revolving rehobilitdtion accounts or lump sum rehabilitation accounts, income from service fees, sole of commodities, usage or rental fees, loan proceeds from rehabilitation or economic development looos, and interest earned on revolving loons end proceeds from special assessments levied to recO'Ier the cost of constructing a public works or facility to the extent that such cost wa~ 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 011 pr09ram incomeJ to be used for an)' erigibCe Comml1flity Development Block Grant activity and the CoUnty must expend revenues generated by program income before further drawdown requests will be avthorized:' ' NOW, THEREFORE, BE IT RESOLVED that the Anaka Cavn.ly Baard af Commis,sioners does hereby establish as a matter of policy that: I) All CDBG program income meeting the above definition, except payments to a County-approved LDC revolving loan act;':ount, sholl be promptly forworded to AnoktJ County. ' 2>" Each LOC which has a COBG revolving loon account for economic development will retain loon r~yments within the account for continued USe for economic development subject to all CDBG regulations, and that the County or the city will execute on agreement with the LDC which will include: ' 0) Prohibition of conflict of .intereSf OS provided in HUD Regulation 24CFR Part 570.611. b) Compliance with Title VI of the Civil Rights A~t of 1964. c) Requirement for the lDC to submit quartel"Jy reports to the Anoka County Community Development Director regarding the use and results of expenditure of funds from the revolving loon Qccount for so long os Anoka County rem?ins on entitlement county. cO Any other provisions 'required by Stafe or Federal low or regulation. 3) Anoka Cavnty has established as of May I, 1985, a revolvi~g loan account for deposit of all economic development loan payments received by Anoka Covnty. BE 'IT FURTHER RESOLVED that, 011 program income received by AnoklJ County from activities funded in fotol or perf from c municipality's CD8G project will increase that community's budget for eligible COBG activities and sholl therefore be available to the community for future expenditure pursuant to the. Joint Cooperation Agreement in effect at the time of expenditure.