13-1168r HRA RESOLUTION NO. 1168
RESOLUTION AMENDING A RESOLUTION APPROVING AN INTERFUND LOAN
RELATING TO District 2010-1 (Woodlake Housing)
WHEREAS, on August 15, 2011, the Board of Commissioners (the "Board") of the
Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (the
"Authority") adopted Resolution No. 1104 (the "Interfund Loan Resolution"), which
approved an interfund loan (the "Interfund Loan") for the purposes of reimbursing the
Authority for a land write-down in the amount of$85,000 and to pay for other costs
identified in the TIF Plan consisting of land/building acquisition, site
improvements/preparation, public parking facilities, interest and administrative costs
(collectively, the "Qualified Costs") in the amount of up to $200,000; and
WHEREAS, the Authority has determined to amend the Interfund Loan Resolution
in order to specify the particular fund from which the Interfund Loan shall be made; and
NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota as follows:
1. The Interfund Loan shall be made from the General Fund, and the Interfund
Loan Resolution is hereby amended to reflect the same.
2. Except as otherwise amended herein, the Interfund Loan Resolution shall
remain in full force and effect.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 16th day of December, 2013.
Ccvvti / )S4&4'
S ne M. Sandahl, Chair
ATTEST:
- • is Ruben ein, Secretary