01-64 - 10-16 - Support Valley Ssquare Commons Affordable Housing Resolution 01-64 October 16, 2001
Member Bakken introduced the following resolution and moved its adoption:
RESOLUTION OF THE CITY OF GOLDEN VALLEY
IN SUPPORT OF VALLEY SQUARE COMMONS
AFFORDABLE HOUSING AND FINANCING BY THE
HENNEPIN COUNTY AFFORDABLE HOUSING INCENTIVE FUND
WHEREAS, the Hennepin County Housing and Redevelopment Authority in
Resolution No. 12-HCHRA-OOR1 has approved the use of a $300,000 Affordable Housing
Incentive Fund loan for the Valley Square Commons project, contingent upon approval of
the project by the City of Golden Valley; and,
WHEREAS, the Valley Square Commons project will increase the supply of
affordable housing in the City of Golden Valley by providing 25 units of family affordable
housing.
NOW THEREFORE, BE IT RESOLVED, that the Valley Square Commons project
and the participation of the Hennepin County Housing and Redevelopment Authority in the
project are hereby approved.
Mary E nderson, Mayor
ATTEST:
Donald G. Taylor, Pilerk
The motion for the adoption of the foregoing resolution was seconded by Member Johnson
and upon a vote being taken thereon, the following voted in favor thereof: Anderson,
Bakken, Johnson and LeSuer; and the following was absent: Micks, and the following
voted against the same: none, whereupon said resolution was declared duly passed and
adopted, signed by the Mayor and her signature attested by the City Clerk.