91-07 HRA Resolution Log
Resolution 91-7
November 12, 1991
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Commissioner Thompson introduced the following resolution and moved its adop-
tion:
RESOLUTION FINDING THE PROJECT ON LOTS 8 - 14, OF BLOCK 3, MCNAIR MANOR
AS NECESSARY TO ALLEVIATE A SHORTAGE OF DECENT, SAFE AND SANITARY
HOUSING FOR LOW- AND MODERATE-INCOME FAMILIES IN GOLDEN VALLEY
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WHEREAS, the City of Golden Valley has a IIHousing Chapter" in its
Comprehensive Plan approved by the City Council on November 16, 1982, and;
WHEREAS, the IIHousing Chapter" establishes the objective of promoting
the use of available programs, funds and planning approaches in order to provide
housing opportunities at a cost individuals and families can afford without
compromising essential needs, with attention given to housing needs of the
elderly, minorities, handicapped persons and families with young children; and
WHEREAS, an eight unit rental townhouse project proposed by the
Affordable Suburban Apartment Partnership on Lots 8 - 14, Block 3, McNair Manor,
will provide housing which uses the following programs, funds and planning
approaches:
- development as a planned unit development, which clusters units and reduces
construction costs by providing shared walls, parking and green space;
- reduced financing costs through the use of low-interest mortgage bonds and
federal tax credits approved by the Minnesota Housing Finance Agency;
- construction of three-bedroom units which address the unmet need for large
rental units for families with children; and
WHEREAS, this project will provide units at rents established to meet
the needs of low- and moderate-income families for a period of fifteen years;
NOW, THEREFORE, BE IT RESOLVED that the Housing and Redevelopment
Authority in and for the City of Golden Valley finds this project compatible
with objectives established in the "Housing Chapter" of the Golden Valley
Comprehensive Plan and necessary to alleviate a shortage of decent, safe and
sanitary housing for low- and moderate-income families in the City of Golden
Vall ey .
R'Y~~
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The motion for t e doption of the foregoing resolution was seconded by
Commissioner J h son and upon a vote being taken thereon, the following voted in
favor thereof: akken, Johnson, Russell, Stockman and Thompson and the following
voted against the same: none, whereupon said resolution was declared duly passed
and adopted, signed by the Chair and his signature attested by the Director.