10-17-2022 HRA Resolution No. 1443
HRA RESOLUTION NO. 1443
RESOLUTION APPROVING AN AMENDMENT TO THE GRANT AGREEMENT FOR THE
WOODLAWN TERRACE MANUFACTURED HOME PARK
WHEREAS, Woodlawn Terrace Cooperative, a Minnesota nonprofit corporation (the
“Cooperative”), purchased and operates a manufactured home park on property located at 7421
Lyndale Avenue South in the City of Richfield (the “Project”); and
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota (the “Authority”) has inspected the Project and has determined that there are blighted
conditions at the Project; and
WHEREAS, on October 18, 2021, the Board of Commissioners of the Authority (the
“Board”) adopted a resolution approving a Grant Agreement (the “Grant Agreement”) granting to
the Cooperative the amount of $60,000 (the “Demolition and Rehabilitation Grant”) to assist with
the costs of: (i) the demolition of five (5) substandard units in the Project (estimated cost of
$20,000); (ii) the rehabilitation of unit 5 so that it can be rented (estimated cost of $30,000); and
(iii) the rehabilitation of unit 6 so that it can continue to be rented (estimated cost of $10,000)
(collectively, the “Project Costs”); and
WHEREAS, the Cooperative has requested an additional grant in an amount up to $80,000
from the Authority (the “Demolition and Rehabilitation Grant as amended”) to assist with increased
costs of the original scope of work ($27,300), additional work relating to the rehabilitation of units 5
and 6 ($21,700), and up to an additional $31,000 in contingency funding for potential cost
increases and unknown additions to the scope of work to be paid out only for actual work
performed (collectively, the “Project Costs”); 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 Demolition and Rehabilitation Grant as amended of up to an additional $80,000, for
a total of $140,000, to the Cooperative for the payment of the Project Costs is hereby
approved.
2. The Demolition and Rehabilitation Grant as amended shall be funded with pooled tax
increment from the Interchange West Tax Increment District (a redevelopment tax
increment district).
3. The Chair and the Executive Director are hereby authorized and directed to execute an
amendment to the Grant Agreement for and on behalf of the Authority as to be
prepared by the HRA Attorney under the direction of the Executive Director.
4. This resolution shall be in full force and effect as of the date hereof.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota this 17th day of October, 2022.
Mary B. Supple, Chair
ATTEST:
Maria Regan Gonzalez, Secretary