HomeMy WebLinkAboutResolutions - No. 88-38RESOLUTION NO. 88-38
RESOLUTION TO AMEND THE CITY OF LODI HOUSING REHABILITATION GUIDELINES
THEREBY MODIFYING THE CITY'S SINGLE-FAMILY HOUSING REHABILITATION PROGRAM
TO INCLUDE A STATEMENT OF NO INTEREST CHARGES ON DEFERRED PAYMENT LOANS
RESOLVED, that the City Council of the City of Lodi does hereby amend the City
of Lodi Housing Rehabilitation Guidelines thereby modifying the City's
Single -Family Housing Rehabilitation Program to include a statement of no
interest charges on deferred payment loans; and that in accordance with the
Property Rehabilitation Loan Agreement between the City of Lodi and the Bank of
America, the City shall notify the bank of the rates and terms for the City's
Deferred Payment Loans (0% interest)
Dated: March 16, 1988
I hereby certify that Resolution No. 88-38 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held March 16, 1988 by the
following vote:
Ayes: Council Members - Hinchman, Pinkerton, Reid, Snider and Olson (Mayor)
Noes: Council Members - None
Absent: Council Members - None
&�,, k Ow&,
Alice M. Reimche
City Clerk
::T3