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09-24-2024 Resolution 12245RESOLUTION NO. 12245 RESOLUTION SUPPORTING THE RICHFIELD ECONOMIC DEVELOPMENT AUTHORITY’S APPLICATION FOR HENNEPIN COUNTY BUSINESS DISTRICT INITIATIVE PROGRAM GRANT FUNDS 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 Richfield City Council adopted a 2023-2026 Strategic Plan, which prioritizes the downtown Richfield business district as part of our 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, economic development authorities are eligible to apply for funds through the BDI Program; and WHEREAS, the Richfield Economic Development Authority intends to seek funding for consultant services to develop a branding and placemaking strategy for the downtown Richfield business district. NOW THEREFORE, BE IT RESOLVED that the Richfield City Council hereby supports the Richfield Economic Development Authority’s application for Hennepin County Business District Initiative Program grant funds. Adopted by the City Council of the City of Richfield, Minnesota, this 24th day of September, 2024. Mary Supple, Mayor ATTEST: Michelle Friedrich, City Clerk