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02-24 Resolution No. 11721 RESOLUTION NO. 11721 RESOLUTION APPROVING REPROGRAMMING 2019 URBAN HENNEPIN COUNTY COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM FUNDS AND AUTHORIZING EXECUTION OF ANY REQUIRED AGREEMENTS WITH HENNEPIN COUNTY 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 adopted a proposal for the use of 2019 CDBG funds made available to it; and WHEREAS, the City of Richfield proposes to reprogram a portion of the 2019 CDBG awards from the Single Family Acquisition & Rehabilitation Program to the First Time Homebuyer Downpayment Assistance Program; and WHEREAS, the City held a public comment period from January 30, 2020 to February 14, 2020, to obtain the views of citizens on local and Urban Hennepin County housing and community development needs and priorities for the City's proposed reprogramming of$95,000 from the 2019 Urban Hennepin County CDBG Program; and NOW, THEREFORE, BE IT RESOLVED, by the City Council of Richfield, Minnesota as follows: 1. Approves the reprogramming of$95,000 from the 2019 Urban Hennepin County Community Development Block Grant Program and authorizes submittal of the proposal to Hennepin County. Activity Approved Budget Proposed Budget Reprogrammed Amount 1. Single Family Acquisition & $95,000 $0 - $95,000 Rehabilitation 2. First Time Homebuyer $50,000 $145,000 + $95,000 Downpayment Assistance 2. That the Mayor and City Council hereby authorize and direct the execution of any agreements with Hennepin County. Adopted by the City Council of the City of Richfield, Minnesota this 24th day of February, 2020. k2{-A*0 - b ,))2.,-- Maria Regan Gonz. - , Mayor ATTEST: Elizabeth an oose, ity Clerk