HomeMy WebLinkAboutResolution No. 2022-18 Deed Grant
RESOLUTION NO. 2022-18
AUTHORIZING GRANT APPLICATION TO
MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT
FOR 4040 WEST 7TH STREET AFFORDABLE HOUSING DEVELOPMENT
BE IT RESOLVED by the City Council of the City of Edina, Minnesota, as follows:
WHEREAS, the City of Edina is a statutory city eligible to apply for grant funding; and
WHEREAS, the State of Minnesota Department of Employment and Economic Development is soliciting
requests for grant applications to further redevelopment and employment goals; and
WHEREAS, the City of Edina has identified Cornelia View Apartments, LLC (the “Developer”) Cornelia View
Apartments (the “Project”) proposed to be built at 4040 West 70th Street as a project that satisfies the Redevelopment
Grant purpose and criteria; and
WHEREAS, the site is vacant office building and considered to be obsolete in the marketplace; and
WHEREAS, it is apparent that the property's condition and value will continue to decline until it is properly
repositioned and that the site appears unable to be returned to a highest and best use without grant assistance; and
WHEREAS, the developer has secured preliminary zoning approvals to redevelop the site in its entirety; and
WHEREAS, the developer has committed to providing the local match in order to qualify for grant assistance.
BE IT RESOLVED that the City of Edina act as the legal sponsor for project contained in the Redevelopment
Grant Program to be submitted on February 1, 2022 and that Mayor James B. Hovland is hereby authorized to apply to
the Department of Employment and Economic Development for funding of this project on behalf of the City of Edina.
BE IT FURTHER RESOLVED that the City of Edina has the legal authority to apply for financial assistance,
and the institutional, managerial, and financial capability to ensure adequate project administration.
BE IT FURTHER RESOLVED that the sources and amounts of the local match identified in the application
are committed to the project.
BE IT FURTHER RESOLVED that if the Project fails to substantially provide the public benefits listed in the
application within five years from the date of the grant award, the City of Edina may be required to repay 100 percent of
the awarded grant per Minn. Stat. 116J.575 Subd. 4.
BE IT FURTHER RESOLVED that the City of Edina has not violated any Federal, State or local laws
pertaining to fraud, bribery, graft, kickbacks, collusion, conflict of interest or other unlawful or corrupt practice.
BE IT FURTHER RESOLVED that upon approval of its application by the state, the City of Edina may enter
into an agreement with the State of Minnesota for the above referenced project(s), and that the City of Edina certifies
that it will comply with all applicable laws and regulation as stated in all contract agreements.
NOW, THEREFORE BE IT RESOLVED that the Mayor and the Clerk are hereby authorized to execute
such agreements as are necessary to implement the project on behalf of the applicant.
Adopted by the Edina City Council this 19th day of January 2022.
Attest: _________________________ ____________________________
Sharon Allison, City Clerk 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 is a true
and correct copy of the Resolution duly adopted by the Edina City Council at its regular meeting of January 19, 2022, and
as recorded in the Minutes of said regular meeting.
WITNESS, my hand and seal of said City this ______ day of________________________, 2022.
_______________________________
Sharon Allison, City Clerk