021726 Reso 1522_WHAHLT Developer AgreementHOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION NO. 1522
RESOLUTION APPROVING DEVELOPER AGREEMENT WITH WEST HENNEPIN
AFFORDABLE HOUSING LAND TRUST DBA HOMES WITHIN REACH
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota (the "Authority") intends to provide $240,000 from Community Development Block grant
funding ("CDBG funds") and/or Affordable Housing Trust Fund ("AHTF funds") to the West
Hennepin Affordable Housing Land Trust dba Homes Within Reach, a Minnesota nonprofit
corporation ("WHAHLT'), for the purposes of acquiring and rehabilitating homes in the City of
Richfield, Minnesota; and
WHEREAS, the Authority has proposed that WHAHLT use the CDBG and/or AHTF funds
to purchase, rehabilitate, and resell one or more properties to households earning at or below 80%
of the area median income; and
WHEREAS, there has been presented before the Board of Commissioners of the Authority
a Developer Agreement (the "Developer Agreement") to be executed by the Authority and
WHAHLT, which sets for the terms of the CDBG and/or AHTF funds to be provided to WHAHLT
and the agreement by WHAHLT to purchase, rehabilitate, and resell the properties; 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:
1. The Developer Agreement is hereby in all respects authorized, approved, and
confirmed, and the Chair and the Executive Director are hereby authorized and directed to execute
the Developer Agreement for and on behalf of the Authority in substantially the form now on file
with the Executive Director but with such modifications as shall be deemed necessary, desirable,
or appropriate, the execution thereof to constitute conclusive evidence of their approval of any and
all modifications therein.
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 the City of Richfield,
Minnesota this 17th day of February, 2026.
Erin Vrieze D ieis, air
ATTEST:
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Sean Hayford 0 eary, Secrets