Series 106 2005 ORDINANCES/RESOLUTIONS
Section 106-337; Res. 129-05; Authorizing a letter of commitment of HOME funding for the Bethel Ridge housing development for senior citizens
Council Bill No.
authorizing a letter of commitment of HOME funding for the Bethel Ridge housing development
for senior citizens.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLUMBIA, MISSOURI,
SECTION 1. The City Manager is hereby authorized to provide
a letter of commitment for a
$200,000 loan from HOME funds at 1% interest for 30-years for the construction of
approximately 72 housing units for lower income senior citizens near the intersection of Bethel
Street and Nifong Boulevard. The commitment is contingent upon approval of the project by the
Missouri Housing Development Commission.
ADOPTED this 20th day of June, 2005.