2005 HRA Resolutions 05-04
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Resolution 05-04
October 11, 2005
Commissioner Freiberg introduced the following and moved its adoption:
RESOLUTION APPROVING THE USE OF HENNEPIN COUNTY
AFFORDABLE HOUSING INCENTIVE FUNDS
FOR THE HABITAT FOR HUMANITY GOLDEN RIDGE PROJECT
WHEREAS, the Hennepin County Housing and Redevelopment Authority (HCHRA)
in Resolution No. 02-HCHRA-29 has approved the use of a $88,826.11 Affordable Housing
Incentive Fund loan for the Golden Ridge project, contingent upon the Golden Valley
Housing and Redevelopment Authority's consent to the HCHRA's participation in the
project; and,
WHEREAS, the Golden Ridge project will increase/preserve the supply of affordable
housing in the City of Golden Valley by providing/preserving eight units of affordable
homes; and,
WHEREAS, the loan from the HCHRA will complete the financing required for the
project to go forward.
NOW, THEREFORE, BE IT RESOLVED that the participation ofthe Hennepin
County Housing and Redevelopment Authority in the project is hereby approved.
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Motion for the adoption of the foregoing resolution was seconded by Commissioner Pentel,
and upon a vote taken thereon, the following voted in favor thereof: Freiberg, Grayson,
Loomis, Pentel and Shaffer; 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.