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05-956r 130 HRA RESOLUTION NO. 956 RESOLUTION ESTABLISHING HOUSING DEVELOPMENT PROJECT WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (the "HRA") is authorized to carry out "housing development projects" as that term is defined in Minnesota Statutes, Sections 469.001 to 469.047 (the "HRA Act"); and WHEREAS, under the HRA Act, a housing development project includes any work or undertaking to provide housing to persons of moderate income and their families; and WHEREAS, such work or undertaking may include the planning of buildings and improvements, and the acquisition of real property; and; WHEREAS, under the HRA Act, real property includes lands and improvements and including every estate, interest, and right in real property; and WHEREAS, the HRA determines that the carrying out of a housing development project is necessary to carry out the objectives of the HRA Act, including, without limitation, those contained in Section 469.017 of the HRA Act; and to provide services permitted by the HRA Act to persons of low and moderate income as defined by the HRA. NOW THEREFORE, BE IT RESOLVED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, MINNESOTA as follows: 1. A Housing Development Project is hereby established to be located within the geographic limits of the area of operation of the HRA. 2. The HRA shall have all of the powers conferred on it with respect to housing development projects under the HRA Act. 3. In furtherance of the authority granted the HRA under the HRA Act, the HRA shall specifically have the power to provide shallow rent subsidies to landlords for qualifying tenant programs approved by the HRA. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 21st day of November, 2005. fltL Thomas E. Harms, Chairperson ATTEST: ~-1Il ~/Itf? e M. Sandahl, Secretary