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Palo council continues LMI housing rehab program, caps grants at $20,000 and allocates $300,000
Summary
On July 6 the Palo City Council voted 5-0 to continue its low-to-moderate-income (LMI) Housing Rehabilitation Program, capping assistance at $20,000 per applicant and allocating $300,000 from TIF LMI funds.
The Palo City Council voted 5-0 on July 6 to continue the city's low-to-moderate-income (LMI) Housing Rehabilitation Program, set a maximum grant of $20,000 per application, and allocate $300,000 to the program from tax increment financing (TIF) LMI funds. The motion was made by Councilmember Eric Van Kerckhove and seconded by Councilmember Darren Stoltenberg.
Council members did not record additional eligibility or implementation timelines during the meeting; clerks or staff must provide application details and schedules in subsequent communications. The funding decision directs that $300,000 of the city's TIF-designated LMI resources be reserved for rehabilitation grants, but the council did not adopt further administrative rules or a timetable during the session.
Mayor Busch opened and closed the public-comment periods as required at the meeting, and the council approved the item as part of its regular agenda. The meeting minutes show no recorded dissent; the vote was unanimous, 5-0.
Next steps were not described on the record; the mayor announced an informational special meeting will be scheduled soon.
