82-58
o
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4. The object~veB to be acc~pl1shed throuah the issuance of 1I1Unicip41
housing mortgogB l'e'lonuo bonds sball include:
~l) provision of permanent. housing financing at interest ratos at
least two hundred basis points below rates currently available;
(2) provision of incentives to redevelop declining neighborhoods
in Clearwater; and
(3) provision of appropriate income and housing cost limitations
to tarsat the use of the pemanent financing to persons wo would otberwise not
be able to afford silllilar housing, financed conventionally.
5. 'l'his Resolution shall be co1OO effective inmediately upon its
adoptioll.
PASSED AND ADOPrED this
15th -0l; A'D'l!dA
Mnyor .t....n'Btonor-
Attest::
~.~ .L~f~
City Clerk
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