HomeMy WebLinkAboutResolution No. 2012-053 Authorizing Participation IN HC HRA Youkdale Townhome Rehabilitation Project RESOLUTION NO. 2012-53
AUTHORIZING PARTICIPATION IN HENNEPIN
COUNTY HOUSING AND REDEVELOPMENT AUTHORITY
FUNDS FOR THE YORKDALE TOWNHOME
REHABILITATION PROJECT
WHEREAS, the Hennepin County Housing and Redevelopment Authority (HCHRA) in
Resolution No. 11-HCHRA-0009 has approved the use of a $300,000 Affordable
Housing Incentive Fund (AHIF) loan for the Yorkdale Townhomes project, contingent
upon the City's consent to the HCHRA's participation in the project; and
WHEREAS, the Yorkdale Townhomes project will increase/preserve the supply of
affordable housing in the City of Edina by preserving 90 units of family housing; and
WHEREAS, the loan from the HCHRA will complete the financing required for the
project to go forward.
BE IT RESOLVED, that the participation of the Hennepin County Housing and
Redevelopment Authority in the project is hereby approved.
Passed and adopted this 3RD day of April, 2012.
Attest: / --------
Debra A. Mangen, City G4erk James B. Hovland, Mayor
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the attached and
foregoing Resolution was duly adopted by the Edina City Council at its Regular Meeting of April 3, 2012, and as
recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of
Edina City Clerk
City Hall 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA,MINNESOTA, 55424-1394 www.CityofEdina.com TTY 952-826-0379