112023 Resolution 1467HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION NO. 1467
RESOLUTION APPROVING EXTENSION FOR HRA'S GRANT
TO WOODLAWN TERRACE COOPERATIVE
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota (the "Authority") was created pursuant to Minnesota Statutes, Sections 469.001 through
469.047, as amended, and is authorized to transact business and exercise its powers by a
resolution of the City Council of the City of Richfield, Minnesota (the "City"); and
WHEREAS, the Woodlawn Terrace Cooperative, a Minnesota nonprofit corporation (the
"Cooperative") has purchased and intends to operate a manufactured home park on property at
7421 Lyndale Avenue South in the City (the "Project"); and
WHEREAS the Authority previously inspected the Project and determined there were
blighted conditions; and
WHEREAS the Cooperative has received a Minnesota Housing Grant to fund infrastructure
improvements for the purposes of connecting the Project to the City's water system and to line the
existing sewer system; and
WHEREAS, on September 20, 2021, the Board of Commissioners of the Authority adopted
a resolution approving a grant of $350,000 (the "Authority Grant') to the Cooperative for the
purposes of assisting with the costs of assisting with the water system and sanitary system
improvements at the Project subject to (i) the Cooperative having purchase the Project; (ii) the
Cooperative having obtained the Minnesota Housing Grant; and (iii) the Authority and the
Cooperative having entered into a Grant Agreement; and
WHEREAS, all of the requirements set forth above have been met; and
WHEREAS, the utility work has been delayed due to the Cooperative determining that the
sanitary sewer work needed is significantly more than expected and the Cooperative needs to seek
additional outside funding; and
WHEREAS, pursuant to the Grant Agreement, the Cooperative was required to complete
the demolition of five substandard units and rehabilitate unit six on or prior to December 31, 2023;
and
WHEREAS, due to unavoidable delays, it is proposed to extend the grant to December 31,
2024; 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:
The Authority's Grant is hereby extended to December 31, 2024.
2. This resolution shall be in full force and effect as of the date hereof.
Adopted by the Housing and Redevelopment Authority i and for the City of Richfield,
Minnesota this 20th day of November, 2023.
Erin Vrieze Dank Is, Chair
/ �'. Aul �4�- -
Sean Hayford Oleary, Secretary
RC125-1 (JAE)
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