091624 Resolution 53RICHFIELD ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 63
RESOLUTION AUTHORIZING SUBMITTAL OF AN APPLICATION FOR HENNEPIN COUNTY
BUSINESS DISTRICT INITIATIVE PROGRAM GRANT FUNDS AND AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE ANY ASSOCIATED AGREEMENTS
WHEREAS, the Richfield Economic Development Authority (EDA) was formed in 2017 to
provide economic development, business assistance, and housing assistance programming; and
WHEREAS, the Hennepin County Housing and Redevelopment Authority has opened a call
for projects through its Business District Improvement (BDI) Program; and
WHEREAS, the BDI Program provides funding assistance for the implementation of strategies
that enhance the economic vitality of priority business districts in suburban municipalities through a
competitive application process; and
WHEREAS, the City of Richfield's 2023-2026 Strategic Plan prioritizes the downtown Richfield
business district as part of its strategic priorities to create a vibrant downtown and a community where
all can thrive; and
WHEREAS, the City of Richfield has identified the need for a project to develop a branding
and placemaking strategy to enhance the economic vitality and vibrancy of the downtown Richfield
business district; and
WHEREAS, the EDA has available local funds to provide a match for the grant, should the
grant funds be awarded; and
WHEREAS, the EDA has the institutional, managerial, and financial capability to ensure
adequate project and grant administration; and
WHEREAS, the City certifies that it will comply with all applicable laws and regulations as
stated in the contract grant agreements.
NOW THEREFORE, BE IT RESOLVED that the Richfield EDA authorizes its Executive
Director or designee to submit an application for Hennepin County Business District Initiative Program
grant funds and authorizes the Executive Director to execute any such agreements as may be
necessary to implement the grant funded project.
Adopted by the Board of Commissioners of the Richfield Economic Development Authority this
1611 day of September, 2024.
Erin W4 Daniels, President
ATTEST:
Melissa Poehlman, Executive Director