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By <br />Designated Agent <br />Notary Public <br />' DARLENE MARIE MACPHERSON <br />Notary Public <br />Minnesota <br />„„it, My Commission Expires Jenny 31, 2024 <br />AFFIDAVIT OF PUBLICATION <br />STATE OF MINNESOTA ) ss <br />COUNTY OF HENNEPIN <br />Elise Strecker being duly sworn on an oath, <br />states or affirms that he/she is the Publisher's <br />Designated Agent of the newspaper(s) known <br />as: <br />SC Edina <br />with the known office of issue being located <br />in the county of: <br />HENNEPIN <br />with additional circulation in the counties of: <br />HENNEPIN <br />and has full knowledge of the facts stated <br />below: <br />(A) The newspaper has complied with all of <br />the requirements constituting qualifica- <br />tion as a qualified newspaper as provided <br />by Minn. Stat. §331A.02. <br />(B) This Public Notice was printed and pub- <br />lished in said newspaper(s) once each <br />week, for 1 successive week(s); the first <br />insertion being on 04/11/2019 and the last <br />insertion being on 04/11/2019. <br />MORTGAGE FORECLOSURE NOTICES <br />Pursuant to Minnesota Stat. §580.033 <br />relating to the publication of mortgage <br />foreclosure notices: The newspaper complies <br />with the conditions described in §580.033, <br />subd. 1, clause (1) or (2). If the newspaper's <br />known office of issue is located in a county <br />adjoining the county where the mortgaged <br />premises or some part of the mortgaged <br />premises described in the notice are located, <br />a substantial portion of the newspaper's <br />cir t n is in he latter county. <br />Subscribed and sworn to or affirmed before <br />me on 04/11/2019 by Elise Strecker. <br />Rate Information: <br />(1) Lowest classified rate paid by commercial users <br />for comparable space: <br />$34.45 per column inch <br />Ad ID 923666 <br />CITY OF EDINA <br />ORDINANCE NO. 2019-07 <br />AN ORDINANCE <br />ESTABLISHING AN <br />AFFORDABLE HOUSING <br />TRUST FUND CHAPTER 2 <br />THE CITY COUNCIL OF EDINA <br />ORDAINS: <br />Section 1. Chapter 2, of the Edi- <br />na City Code is amended by adding <br />Article X to provide as follows: <br />Article X. AFFORDABLE HOUS- <br />ING TRUST FUND <br />2-790. Definitions. The following <br />definitions apply in this Article. <br />Persons of very low income <br />means families and individuals <br />whose incomes do not exceed 50 <br />percent of area median income, as <br />median income was most recently <br />determined by the United States <br />Department of Housing and Urban <br />development for the Minneapo- <br />lis-St. Paul Bloomington, Minneso- <br />ta-Wisconsin Metropolitan Statis- <br />tical Area, as adjusted for smaller <br />and larger families. <br />Persons of low income means <br />families and individuals whose in- <br />comes do not exceed 80 percent <br />of the area median income, as <br />median income was most recently <br />determined by the United States <br />Department of Housing and Urban <br />development for the Minneapo- <br />lis-St. Paul Bloomington, Minneso- <br />ta-Wisconsin Metropolitan Statis- <br />tical Area, as adjusted for smaller <br />and larger families. <br />Persons of moderate income <br />means families and individuals <br />whose incomes exceed 80 per- <br />cent, but do not exceed 120 per- <br />cent, of area median income, as <br />median income was most recently <br />determined by the United States <br />Department of Housing and Urban <br />development for the Minneapo- <br />lis-St. Paul-Bloomington, Minneso- <br />ta-Wisconsin Metropolitan Statis- <br />tical Area, as adjusted for smaller <br />and larger families. <br />Total Buy-in Fee mean the cash <br />payment made by developers in <br />lieu of providing affordable hous- <br />ing units per the Edina Affordable <br />Housing Policy. <br />2-791. Pursuant to the author- <br />ity granted to the city under Min- <br />nesota Statutes Section 462C.16, <br />an affordable housing trust fund is <br />established to provide loans and <br />grants to for-profit and non-profit <br />housing developers for the acqui- <br />sition and capital and soft costs <br />necessary for the creation of new <br />affordable renter and owner-occu- <br />pied housing, and for the acquisi- <br />tion, rehabilitation and preservation <br />of existing multi-family residential <br />rental housing including Natural- <br />ly Occurring Affordable Housing <br />(NOAH). <br />2-792. The Affordable Housing <br />Trust Fund shall be funded from <br />multiple sources including: <br />(a) Total Buy-in funds from De- <br />velopers. <br />(b) Private cash donations from <br />individuals and corporations des- <br />ignated for the Affordable Housing <br />Trust Fund. <br />(c) Payments in lieu of participa- <br />tion in current or future affordable <br />housing programs. <br />(d) Matching funds from a feder- <br />al or state affordable housing trust <br />fund; or a state program designat- <br />ed to fund an affordable housing <br />trust fund. <br />(e) Principal and interest from <br />Affordable Housing Trust Fund loan <br />repayments and all other income <br />from Trust Fund activities. <br />(t) The sale of real and personal <br />property. <br />(g) Local government appropria- <br />tions, development fees and other <br />funds as designated from time to <br />time by the city council. <br />(h) Tax Increment Finance (TIF) <br />pooled funds. <br />2-793 The city may use money <br />from the Affordable Housing Trust <br />Fund to assist proposed projects <br />or programs to develop or preserve <br />affordable housing for persons of <br />very low, low and moderate income <br />to include: <br />(a) Making loans at interest rates <br />below or at market rates in order to <br />strengthen the financial feasibility <br />of proposed projects. <br />(a) Guaranteeing of loans. <br />(b) Providing gap financing for <br />affordable housing developments. <br />(c) Financing the acquisition, <br />demolition, and disposition of prop- <br />erty for affordable housing projects. <br />(d) Financing the rehabilitation, <br />remodeling, or new construction of <br />affordable housing. <br />(e) Funding to facilitate afford- <br />able homeownership opportunities <br />including down payment assis- <br />tance, second mortgages, closing <br />costs, etc. <br />(f) Interim financing of public <br />costs for affordable housing proj- <br />ects in anticipation of a permanent <br />financing source (i.e. construction <br />financing, bond sale, etc.) <br />(g) Other uses as permitted by <br />law and approved by the city coun- <br />cil. <br />2-794. The city shall determine <br />the terms and conditions of re- <br />payment of loans and grants from <br />the Affordable Housing Trust Fund <br />including the appropriate security <br />and interest, if any, should repay- <br />ment be required. Interest on loans <br />and grants shall be as established <br />by the city from time to time or at <br />the time of approval of a specific <br />project or program. <br />2-795. The Affordable Housing <br />Trust Fund shall report annually to <br />the city on the use of the Afford- <br />able Housing Trust Fund account <br />including the number of loans and <br />grants made, the number and types <br />of residential units assisted through <br />the account, and the number of <br />households for whom rental as- <br />sistance payments were provided. <br />The city shall post the report on its <br />Web site. <br />2-796. This Ordinance shall take <br />effect upon passage and publica- <br />tion. <br />ATTEST: <br />Sharon Allison, City Clerk <br />James B. Hovland, Mayor <br />Published in the <br />Sun Current <br />April 11, 2019 <br />923666