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Agenda Item

17-0375 2. A Resolution (1) Authorizing The Transfer Of $166,000 In Affordable Housing Trust Funds To The Housing Predevelopment Revolving Loan And Grant Program, And (2) Amending Resolution No. 64573 C.M.S., Which Created The Program, To Reduce The Interest Rate On Predevelopment Loans From Six Percent To Three Percent And To Increase The Loan Limit From $35,000 To $50,000; And