90-08 HRA Resolutions
Resolution 90-8
July 10, 1990
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Commissioner Anderson introduced the following resolution and moved its adop-
tion:
RESOLUTION GIVING PRELIMINARY CONDITIONAL DESIGNATION TO SCHATZLEIN
ASSOCIATES FOR THE DEVELOPMENT OF THE EWALD DAIRY SITE AT
GOLDEN VALLEY ROAD AND XERXES AVENUE NORTH
WHEREAS, Schatzlein Associates has presented a proposal for the devel-
opment of ten low-income rental units for the Ewald Dairy Site; and
WHEREAS, Schatzlein Associates will apply for federal tax credits
apportioned to and assigned by the State of Minnesota to subsidize the financing
of the development; and
WHEREAS, this conditional designation is contingent on a number of
factors, including but not limited to:
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1. granting of federal tax credits by the State of Minnesota;
2. the promulgation, after appropriate notice and public hearings by
the Housing and Redevelopment Authority and City Council, of an approved rede-
velopment plan;
3. negotiation and execution of a development agreement following
notice and hearings as required by the Housing and Redevelopment Authority;
4. establishment by the Housing and Redevelopment Authority and City
Council of low-income guidelines which meet applicable state and federal regula-
tions and guidelines;
5. designation of this project as a low-income, multiple unit housing
project as provided for in the regulations and guidelines; and
6. accomplishment of rezoning and comprehensive land use plan amend-
ment to redesignate the proposed site from single family to multiple family use,
which action would conform to established city housing policies for providing
low income housing.
NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment
Authority in and for the City of Golden Valley, Minnesota that:
1. Schatzlein Associates be given preliminary conditional designation
for the development of the Ewald Dairy site at Golden Valley Road and Xerxes
Avenue North for the purpose of securing federal tax credits from the State of
Minnesota to subsidize the financing of the project; and
2. This preliminary, conditional designation shall be contingent on
the occurrence of numerous events, including but not limited to:
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a. granting of federal tax credits by the State of Minnesota;
b. the promulgation, after appropriate notice and public hearings by
the Housing and Redevelopment Authority and City Council, of an approved rede-
velopment plan;
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Resolution 90-8 - Continued
July lOt 1990
c. negotiation and execution of a development agreement following
notice and hearings as required by the Housing and Redevelopment Authority;
d. establishment by the Housing and Redevelopment Authority and City
Council of low-income guidelines which meet applicable state and federal regula-
tions and guidelines;
e. designation of this project as a low-incomet multiple unit housing
project as provided for in the regulations and guidelines; and
f. accomplishment of rezoning and comprehensive land use plan amend-
ment to redesignate the proposed site from single family to multiple family uset
which action would conform to established city housing policies for providing
low income housing.
BE IT FURTHER RESOLVED THAT designation of Schatzlein Associates is not
to be construed as binding on the Housing and Redevelopment AuthoritYt which may
withdraw its designation at any time.
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The motion for th a op ion of the foregoing resolution was seconded by
Commissioner Bakk n nd upon a vote being taken thereont the following voted in
favor thereof: An e sont Bakkent Johnsont Stockman and Thompson; and the
following voted against the same: nonet whereupon said resolution was declared
duly passed and adoptedt signed by the Chair and his signature attested by the
Director.