21-012/03-16 Support Commonbond Communities BrownfieldGap FinancingDocuSign Envelope ID: A5929EB6-302A-4714-955A-0BB337CCB76E
RESOLUTION NO. 21-12
RESOLUTION SUPPORTING APPLICATION BY COMMONBOND COMMUNITIES FOR
A BROWNFIELD GAP FINANCING PROGRAM APPLICATION
WHEREAS, CommonBond Communities is a housing -based non-profit organization,
doing work to advance affordable housing in Minnesota; and
WHEREAS, CommonBond Communities also manages the Valley Square
Commons, a 25-unit townhome development within the City, for which an Environmental
Site Assessment is needed in order to secure certain Section 8 Program benefits; and
WHEREAS, CommonBond Communities is seeking funding to cover the cost of this
Environmental Site Assessment, via the Brownfield Gap Financing Program administered
by Hennepin County; and
WHEREAS, The City of Golden Valley has made the provision and protection of
affordable housing a priority in its 2040 Comprehensive Plan; and
NOW THEREFORE BE IT RESOLVED, by the City Council of Golden Valley that
the Council supports CommonBond Communities application to the Minnesota Brownfields'
Brownfield Gap Financing program funded with an Environmental Response Fund grant
from Hennepin County Department of Environmental Services.
Adopted by the City Council of Golden Valley, Minnesota on this 16th day of March, 2021.
DocuSigned by:
Sl k fart h. kams
Shepar arris, Mayor
ATTEST:
FTDocuSigned by:
l�u•,.� "t"_ .
Theresa c yma, City Clerk