11-10493RESOLUTION NO. 10493
RESOLUTION SUPPORTING THE CORNERSTONE GROUP'S SUBMITTAL OF AN
APPLICATION TO HENNEPIN COUNTY FOR TRANSIT ORIENTED DEVELOPMENT
PROGRAM GRANT FUNDS FOR LYNDALE AVENUE SOUTH
WHEREAS, the City of Richfield (the "City ") is a city located within Hennepin
County and is therefore eligible to access the Transit Oriented Development (TOD)
Grant; and
WHEREAS, the City had identified the property at 6400 Lyndale Avenue
(Lyndale Garden Center) for redevelopment as part of the Lakes at Lyndale
redevelopment master plan area; and
WHEREAS, The Cornerstone Group has proposed a redevelopment project at
6400 Lyndale Avenue (Lyndale Garden Center) for redevelopment; and
WHEREAS, the City recognizes the need for, and benefit of, transit oriented
improvements as part of this proposed development.
NOW, THEREFORE BE IT RESOLVED, that the City Council supports and
otherwise affirms and ratifies the submittal of application (in accordance with Minnesota
Statutes § 383B.77, Subd. 3.), for the Transit Oriented Design Program Grant
administered by the Hennepin County Housing and Redevelopment Authority and
authorizes the Mayor and City Manager to execute any agreements as are necessary to
implement the project on behalf of the applicant.
Adopted by the City Council of the City of Richfield, Minnesota this 22nd day of
March 2011.
-.. - el, Mayor
ATTEST:
Nancy Gib l:6, City Clerk