HomeMy WebLinkAboutResolution No. 2018-057 MnDEED Grant 4100 W 76th Street 7
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RESOLUTION NO. 2018-S7
AUTHORIZING MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC
DEVELOPMENT GRANT APPLICATION FOR 4100 WEST 761h STREET
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 Aeon Affordable Apartments at 4100 West 76th
Street as a project that satisfies the Redevelopment Grant purpose and criteria; and
WHEREAS, the Aeon Affordable Apartments site suffers from a lack of investment by previous
ownership and an exceptionally high vacancy rate; 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 Edina Housing and Redevelopment Authority has approved Resolutions 2018-03
and 2018-04 authorizing support of the project through the use of tax increment financing and other
resources available to the City to support the development of the Aeon Affordable Apartments on this
site.
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 August I, 2018 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.
CITY OF EDINA
4801 West 50th Street• Edina,Minnesota 55424
www.EdinaMN.gov.952-927-8861 . Fax 952-826-0389
BE IT FURTHER RESOLVED that the sources and amounts of the local match identified in the
application are committed to the project per Edina Housing and Redevelopment Authority Resolutions
2018-03 and 2018-04.
BE IT FURTHER RESOLVED that if the Aeon Affordable Apartment 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. 1 16J.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 FINALLY RESOLVED that the M4yor 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 17,h day of July, 2018.
Attest: -
ra A. Mangen, City C rk James$. 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 City Council Minutes is a true and correct copy of the Resolution duly adopted by the Edina City
Council at its regular meeting of July 17,2018,and as recorded in the Minutes of said regular meeting.
WITNESS, my hand and seal of said City this day of 2018.
Debra A. Manger, City Clerk