HomeMy WebLinkAboutbocc.min.spec.11261985 , . •_�:.
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PI'PRYl1 �NTY
80ARD OP COMMI98IONSRB
snactet. 11aRTr�fc. � 26 NOVEMSSR.19$5
PRBSBNRt ROBERT i� ClfILU, G�ORGE tiADSEN, ROBBRT BWIUDTS
19B6 The eoecd convened a speciel meeting !o consider the 1986
Mortgage Single Pamily Moctgage Revenue Bond Proqram. The Board has
Ravenue authocized pacticipatian ln !he Bond Program, a statutory pcogcam
eond wheroby Eunde were mede availabie !o all Colorado oounetes on an
Pcogcem: annual baaie Eor the purpose oE Elnancing low and middle income
Notice reaidential Facilities, Eor the paeb sevecal years. Mortgage
Of revenue funda were allocated to rhe individual countiea on the
Neacing baeis o! populetion, so rhat allocationo to tbe omaller couatiea
woce ganecally not sufEicie�t !o warrant a aingle boed issuance.
Ae a result, many ot the cou�ties pooled tbeic allocations !o .
pcovide For a single, lacge bond issuance, and the moslgage
Eunda were eubseguontly a�ade avdilable to participating counliee
on !hs basis of tAeir initial allocationa. The Gounty's 1985
allocation oE Nortgage Revenue 8onds was traneferred to Adams
CounEy aod, aubeaque�t to issuance, funds were m�ade available !o
Pitkin County resideols.
County Attornay Tom blailh introduced diacuaslon on the Bond
:; Pcogram, natiag t1►at Adame County hae agaio agraed to act ae issue�
` Coc the 1986 alloaation. The Tax Relorm Act oE 196� roquired that
participsting cou�ties adopt a housin9 policy report at a public
haa�ing prior to the and ot tbis years 1n this i�etance, the
Boa�d must achedule a public hea�ing to consider the Adama County
'Policy Aeport under Section 103A" dated 30 June, 1985.
Braudis moved to set a public hearing oa the adoption of the
•Policy Report Undet Section 103A' daked 3Q June, 1985, and
adopted by Adams County, Colorado, for Monday, 16 Decembec, 1985.
at 1:30 p.m. Nadsen seconded and the aotion passed unaoimouely.
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There being no fucther business, tbe meeting wae adaourned.
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�''° � Re& c fully Submitted, APPROVeD:
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? .' - Deputy County Clerk Tom Blake, Chairman
f -' Board of County Commissioners
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� �,�-; Commissioner's lleeting 26 November, 1985 - 1
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