042125 Resolution No. 1506 TBRA App JO CompaniesRESOLUTION NO. 1506
RESOLUTION AUTHORIZING APPLICATION FOR THE TAX BASE REVITALIZATION
ACCOUNT ON BEHALF OF 6501-6525 PENN AVENUE SOUTH
WHEREAS the City of Richfield is a participant in the Livable Communities Act's Local
Housing Incentives Program for 2025 as determined by the Metropolitan Council, and the City's
Housing and Redevelopment Authority (the "HRA") is therefore eligible to make application
apply for funds under the Tax Base Revitalization Account; and
WHEREAS the HRA owns property at 6501 and 6525 Penn Avenue South and has
identified a contamination cleanup project on the property that meets the Tax Base
Revitalization Account's purposes and criteria and is consistent with and promotes the purposes
of the Metropolitan Livable Communities Act and the policies of the Metropolitan Council's
adopted metropolitan development guide; and
WHEREAS the HRA has the institutional, managerial, and financial capability to ensure
adequate project and grant administration; and
WHEREAS the HRA certifies that it will comply with all applicable laws and regulations
as stated in the contract grant agreements; and
WHEREAS the HRA finds that the required contamination cleanup will not occur through
private or other public investment within the reasonably foreseeable future without Tax Base
Revitalization Account grant funding; and
WHEREAS the HRA represents that it has undertaken reasonable and good faith efforts
to procure funding for the activities for which Livable Communities Act Tax Base Revitalization
Account funding is sought but was not able to find or secure from other sources funding that is
necessary for cleanup completion and states that this representation is based on the following
reasons and supporting facts:
BE IT FURTHER RESOLVED that, the HRA authorizes the Executive Director to submit
an application for Metropolitan Council Tax Base Revitalization Account grant funds, and, if the
Richfield HRA is awarded a Tax Base Revitalization Account grant for this project, the Richfield
HRA will be the grantee and agrees to act as legal sponsor to administer and be responsible for
grant funds expended for the project contained in the Tax Base Revitalization grant application
submitted on May 1, 2025.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota this 21st day of April, 2025.
Erin Wide Dani , Chair
ATTEST:
Sean Hayford Oleari, Secretary