13-106 - 12-03 - approve use of Hennepin County affordable housing incentive fund - 2913 Orchard Ave No Resolution 13-106 December 3, 2013
Member Clausen introduced the following resolution and moved its adoption:
RESOLUTION APPROVING USE OF THE
HENNEPIN COUNTY'S AFFORDABLE HOUSING INCENTIVE FUND
FOR PROPERTY LOCATED AT 2913 ORCHARD AVENUE NORTH
WHEREAS, the Hennepin County Housing and Redevelopment Authority (HCHRA)
in Resolution No. 12-HCHRA-0015 has approved the use of a $97,200 Affordable Housing
Incentive Fund (AHIF) loan for the 2913 Orchard Avenue North project, contingent upon
the City's consent to the HCHRA's participation in the project; and
WHEREAS, the 2913 Orchard Avenue North project will increase/preserve the
supply of affordable housing in the City of Golden Valley by providing/preserving three
units of affordable housing; and
WHEREAS, the loan from the HCHRA will complete the financing required for the
project to go forward.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Golden
Valley, that the participation of the Hennepin County Housing and Redevelopment
Authority in the project is hereby approved.
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Shep rd M. Harris, M yor
ATTEST:
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Susan M. Virnig, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member Scanlon
and upon a vote being taken thereon, the following voted in favor thereof: Harris, Clausen,
Pentel, Scanlon and Schmidgall; and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and his signature attested by the City Clerk.