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RESOLUTION NO. 7,505
A RESOLUTION AUTHORIZING A PILOT PROJECT TO
PROVIDE AFFORDABLE HOMEOWNERS HOUSING UNITS,
FINANCED WITH A $150,000 REVOLVING CONSTRUCTION
FUND FORM THE ECONOMIC AND NEIGHBORHOOD
DEVELOPMENT PACKAGE; AND AUTHORIZING THE
EMPLOYMENT OF A LIMITED SERVICE COORDINATOR
WITH CDBG FUNDS..
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The Board of Directors hereby adopts a pilot
project to provide affordable homeowner housing units, financed
with a $150,000.00 revolving construction fund through the
Economic and Neighborhood Development package.
SECTION 2. The Board of Directors hereby authorizes the
employment of a limited service coordinator for this project with
CDBG funds.
ADOPTED: November 19, 1985
ATTEST: APPROVED:
® '
CITY CLERK JAAE CZECH MAYOR THOMAS A. PRINCE
APPROVEQNAS TO (FORM:
STODOLA, CITY ATTORNEY
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