02-13 Resolution No. 11475 RESOLUTION NO. 11475
RESOLUTION APPROVING PROPOSED USE OF 2018 URBAN HENNEPIN COUNTY
COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM FUNDS AND AUTHORIZING
EXECUTION OF SUBRECIPIENT AGREEMENT WITH HENNEPIN COUNTY AND ANY REQUIRED
THIRD PARTY AGREEMENTS
WHEREAS, the City of Richfield, Minnesota, through execution of a Joint Cooperation
Agreement with Hennepin County, is participating in the Urban Hennepin County Community
Development Block Grant (CDBG) Program; and
WHEREAS, the City of Richfield has developed a proposal for the use of 2018 CDBG funds
made available to it; and
WHEREAS, the City held a public hearing on February 13, 2018 to obtain the views of citizens
on local and Urban Hennepin County housing and community development needs and priorities for the
City's proposed use of$197,200 from the 2018 Urban Hennepin County CDBG Program; and
NOW, THEREFORE, BE IT RESOLVED, by the City Council of Richfield, Minnesota as follows:
1. Approves the following projects for funding from the 2018 Urban Hennepin County
Community Development Block Grant Program and authorizes submittal of the proposal to
Hennepin County.
Activity Budget
1. Deferred Loan Rehabilitation Program $47,200
2. Single Family Acquisition & Rehabilitation $100,000
3. First Time Homebuyer Down Payment Assistance $50,000
TOTAL CDBG ALLOCATION $197,200
2. That the Mayor and City Council hereby authorize and direct the execution of the
Subrecipient Agreement with Hennepin County and any required Third Party Agreements on
behalf of the City to implement the 2018 CDBG Program.
3. That should the final amount of FY 2018 CDBG available to the City be different from the
preliminary amount provided to the City, the City Council hereby authorizes the City
Manager to adjust the project budget of the Deferred Loan Rehabilitation Program to reflect
an increase or decrease in funding.
Adopted by the City Council of the City of Richfield, Minnesota this 13th day of February, 2018.
Pat Elliott, Mayor
ATTEST:
Eliza th a-n`Hoos , City Clerk