11-20 HRA Resolution No. 1272 HRA RESOLUTION NO. 1272
RESOLUTION APPROVING DEVELOPMENT AGREEMENT WITH GREATER METROPOLITAN
HOUSING CORPORATION
WHEREAS, the City of Richfield has entered into a Subrecipient Agreement with Hennepin
County with respect to the use of CDBG funds from the Department of Housing and Urban
Development ("HUD") for federal fiscal year 2017; and
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota (the "Authority") executed a Third Party Agreement (Urban Hennepin County 2017
Community Development Block Grant Program) effective July 1, 2017 (the "Authority Third Party
Agreement") with the City which provides the Authority the ability to administer the use of the fiscal
year 2017 CDBG funds; and
WHEREAS, the Greater Metropolitan Housing Corporation, a Minnesota nonprofit
corporation (the "Developer"), has proposed to purchase, rehabilitate, and resell two or more
properties located in the City of Richfield, Minnesota (the "City") which are eligible to be purchased,
rehabilitated, and resold with CDBG funds (the "Eligible Properties"); and
WHEREAS, there has been presented before this Board of Commissioners of the Authority
a Developer Agreement — Urban Hennepin County — 2017 Community Development Block Grant
Program (the "Developer Agreement"), proposed to be entered into between the Authority and the
Developer, pursuant to which the Authority will direct the Developer to purchase, rehabilitate, and
resell one or more Eligible Properties using the CDBG funds; and
WHEREAS, the Board has reviewed the Developer Agreement and finds that the execution
thereof by the Authority and the performance of the Authority's obligations thereunder are in the
best interest of the City and its residents; and
NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Housing and
Redevelopment Authority in and for the City of Richfield, Minnesota as follows:
1. The Developer Agreement is hereby in all respects authorized, approved, and
confirmed, and the Chairperson and the Executive Directed are hereby authorized and directed to
execute the Developer Agreement for and on behalf of the Authority in substantially the form now
on file with the Community Development Director but with such modifications as shall be deemed
necessary, desirable, or appropriate, the execution thereof to constitute conclusive evidence of
their approval of any and all modifications therein.
2. The Chairperson and the Executive Director are hereby authorized to execute and
deliver to the Developer any and all additional documents deemed necessary to carry out the
intentions of this resolution and the Developer Agreement.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota this 20th day of November, 2017.
SA-61/4-/
Mary B. Suppl , Chair
ATTEST:
, Secretary