112023 Resolution 1468HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION NO. 1468
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, on October 18, 2021, the Board of Commissioners of the Authority adopted a
resolution approving a grant of $60,000 (the "Authority Grant") to the Cooperative for the purposes of
assisting with the costs of: (i) the demolition of five substandard units in the Project (estimated cost of
$20,000); and (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 could be rented (estimated cost of $10,000) (collectively, the "Project
Costs"); and
WHEREAS, on October 17, 2022, the Grant was amended to increase the amount of the Grant to
$140,000, for the purposes of: (i) the demolition of six substandard units in the Project (up to $28,000); (ii)
the rehabilitation of unit 5 (up to $50,000; (iii) additional costs for electrical and water service upgrades (up to
$22,000); (iv) the rehabilitation of unit 6 (up to $10,000); and (v) additional costs to be pre -approved by the
Executive Director of the Authority before commencing work (up to $30,000) (collectively, the "Project
Costs");
WHEREAS, the rehabilitation work has been delayed due to the Cooperative uncovering issues with
the water line underneath one of the units, which led the Cooperative to explore whether or not it was more
appropriate to include replacement as part of the larger city water connection project; 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 in and for t e City of Richfield, Minnesota
this 20th day of November, 2023.
Erin Vrieze Daniels, Chair
AS W;141�
Sean Hayford Oleary, SecreuaV
RC125-1 (JAE)
9147920