042125 Resolution No. 1505 JO Companies HC GrantRESOLUTION NO. 1505
RESOLUTION AUTHORIZING JO COMPANIES LLC TO APPLY FOR AN
ENVIRONMENTAL RESPONSE FUND CLEANUP GRANT FROM HENNEPIN
COUNTY
WHEREAS, JO Companies LLC (the "Developer") is proposing to construct Penn
Station (the "Project"), a development containing 42 units of work force housing on
property owned by the City's Housing and Redevelopment Authority (the "HRA") located
at 6501 and 6525 Penn Avenue South (the "Property"); and
WHEREAS, the HRA conducted environmental testing on the Property that
indicates that some environmental contamination is present and needs to be
remediated; and
WHEREAS, on June 17, 2024, the HRA approved a Preliminary Development
Agreement (the "Agreement") with the Developer to purchase the Property and develop
the Project; and
WHEREAS, the Developer is applying for an Environmental Response Fund
(ERF) cleanup grant from Hennepin County for up to $299,119 in funding (the
"Program"); and
WHEREAS, the Program's application requires a resolution from the HRA as
owner of the Property; and
NOW, THEREFORE, BE IT RESOLVED
1. The HRA authorizes JO Companies LLC to apply for an Environmental
Response Fund cleanup grant from Hennepin County.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 21 st day of April, 2025.
1
Erin Vrieze Daniels, Chair
ATTEST:
- L-1
Sean Hayford O eary, Secre ary—