14-10907r RESOLUTION NO. 10907
RESOLUTION AFFIRMING AND RATIFYING SUBMITTAL OF
AN APPLICATION TO THE MINNESOTA HOUSING FINANCE AGENCY AND
AUTHORIZING CONTRACT SIGNATURE TO THE METROPOLITAN COUNCIL
LOCAL HOUSING INCENTIVES ACCOUNT FOR LYNDALE GARDENS, 6400
LYNDALE AVENUE
WHEREAS, the City of Richfield is a participant in the Livable Communities Act's
Local Housing Incentives Account Program for 2014 as determined by the Metropolitan
Council, and is therefore eligible to make application to apply for funds under the Local
Housing Incentives Account Program; and
WHEREAS, the City has identified a project within the City that meets the Local
Housing Incentives Account's purpose/s and criteria; and
WHEREAS, the City has the institutional, managerial and financial capability to
ensure adequate project and grant administration; and
WHEREAS, the City certifies that it will comply with all applicable laws and
regulations as stated in the contract grant agreements; and
WHEREAS, the City seeks funding assistance to facilitate the redevelopment of
the property and aid in the creation of affordable housing units; and
BE IT FURTHER RESOLVED, the City Council of Richfield, Minnesota
acknowledges it will be the grantee and agrees to act as legal sponsor to administer
and be responsible for grant funds expended for the project contained in the Minnesota
Multifamily Rental Housing Common Application submitted on June 17, 2013.
NOW, THEREFORE BE IT FINALLY RESOLVED, that the City Manager is
hereby authorized to execute such agreements as are necessary to implement the
project on behalf of the applicant.
Adopted by the City Council of the City of Richfield, Minnesota this 28th day of January,
2014.
/� / � ///
Debbie oettel, Mayor
ATTEST:
--)i \ , ' o4
Nancy Gibbs, et Clerk