Section 107-081; Res. 29-06; Authorizing the City Manager to write off certain uncollectible CDBG and HOME housing loans


Council Bill No. R 29-06

     A RESOLUTION

authorizing the City Manager to write off certain uncollectible CDBG and HOME housing loans.

BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.  Based upon the recommendation of the City Manager, the City Council finds that the CDBG and HOME housing loans shown on Exhibit “A,” which is attached to and made a part of this resolution, are bad debts and uncollectible.
 
    SECTION 2.  The City Council authorizes and directs the City Manager to write off the official books and records of the City the CDBG and HOME housing loans in the amounts shown on Exhibit “A.”

    SECTION 3.  This resolution shall not be construed as extinguishing any debt owed to the City of Columbia.
    
    ADOPTED this 6th day of February, 2006.