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CITY OF LAKEVILLE
RESOLUTION
Date July 1, 1991 Resolution No. 91-87
Motion by xarvey Seconded by Mulvihill
RESOLUTION AMENDING THE 1991 CITY OF LAKEVILLE BOND PROGRAM
FOR THE ISSUANCE OF SINGLE FAMILY MORTGAGE REVENUE BONDS
WHEREAS, the City Council of the City of Lakeville, Minnesota has adopted a
first time homebuyer housing plan under Resolution No. 91-37, dated April 1, 1991;
and
WHEREAS, the Minnesota Legislature has amended legislation for the first time
home buyer program; and
WHEREAS, the City Council wishes to amend the application based on this
legislative change.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville,
Minnesota:
1. The City Council wishes to establish a maximum house price limit at 100% of
the median home sale price in Dakota County up to a maximum of $97,840.
2. The Mayor is hereby authorized to submit this amended application to the
Minnesota Housing Finance Agency and the Dakota County HRA, acting in the City's
behalf.
ADOPTED this 1st day of July, 1991, by the City Council of the City of
Lakeville.
• CITY OF LAKEVILLE
BY:
Duane Zaun, Ma o