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OW06% 9-14M, <br />% 4F FW-I M17W 1 Q <br />2.1 As of January 2, 20031, the LD-C Block Grant (Villa Park) has assets, inclu(Eng $2881,0135 <br />a <br />in cash and $90,000 in, four notes receivable from V'illa, Park condo owners. The liabilities <br />a <br />include $228,887due back to HUD and/or to be used for addhional local housing <br />programs in accordance with HUD guidelines. <br />9 <br />2.2, Per the requirements of the LDC Bylaws, on January 6, 20031 p�u,blic notice was plosted for <br />the January 27, 2,003 annual meeting. The time for the meeting has been set at 5:50 p.m. <br />i ij� 11ilill I <br />-k <br />31.1 Staffis recormending that the LDC, along with, its assets and liaty, be transferred to <br />the Roseville HRA. The use of the programincome can be 'incorporated into the HRA's <br />Housing Program and budget, in, 2003. Upon transfer of the LDC, the HRA will, hold an <br />annual public meeting to elect officers and do the business of the LDC. <br />1 .0 <br />4.1 Motion to transfer the Roseville Local Development Corporation, its assets and liabilities, <br />to the Roseville Housing', & Redevelopment Authority effective immediately, subject to, <br />final review and approval, of c�ontent and, format by the Cifty Attorney and City Finance <br />Officer. <br />4.2, If no, further business is required, motion to close the Roseville Local Development <br />Corporation's annual meeting. <br />Attachments: <br />2003 LDIC Agenda <br />LDC Minutes 2002 <br />I <br />FMC Memo to, Manager (0 127013) iiiiiiiiiiiii� Paige <br />