HomeMy WebLinkAboutResolution No. 2024-32 Accepting HC Funding for HWRay of May, 2024.
ATTES
Sharon Al n, City Clerk
RESOLUTION NO. 2024-32
RESOLUTION APPROVING THE PARTICIPATION OF THE HENNEPIN COUNTY
HOUSING AND REDEVELOPMENT AUTHORITY IN AN AFFORDABLE HOUSING
PROJECT
WHEREAS, the Hennepin County Housing and Redevelopment Authority (HCHRA) has
approved the use Homeownership Assistance Program loan for West Hennepin Affordable Housing
Land Trust (WHAHLT), dba Homes Within Reach, contingent upon the Edina City Council's consent to
the HCHRA's participation in the project.
WHEREAS, the purchase of one of more homes to be acquired for the WHAHLT program, of
which one or more properties may be located within the city of Edina and the rest within suburban
Hennepin County, will preserve the supply of affordable housing in the city by providing long-term
affordability.
WHEREAS, AHIF from the HCHRA will complete the financing required for the project to go
forward.
NOW, THEREFORE, BE IT RESOLVED that the participation of the Hennepin County Housing
and Redevelopment Authority in the project for the limited purpose of providing financial support to the
project is hereby approved.
BE IT FURTHER RESOLVED that nothing in this resolution shall create a pecuniary obligation of
the City to assist the project, nor shall the City be in any way responsible for any financing obligation or
agreement of the HCHRA with respect to its provision of financial assistance to the project.
BE IT FURTHER RESOLVED that nothing in this resolution is intended to endorse the merits of
the Projects to be undertaken.
James B. Hovland, Mayor
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
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 May 7, 2024, and
as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of , 2024.
City Clerk