HomeMy WebLinkAboutResolution - 97-209 - Edenvale Townhouse Project - Grant Agreement Met Council & Eden Prairie - 11/18/1997 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 97-209
RESOLUTION AUTHORIZING EXECUTION OF THE GRANT AGREEMENT
BETWEEN THE METROPOLITAN COUNCIL AND THE CITY OF EDEN PRAIRIE
UNDER THE METROPOLITAN LIVABLE COMMUNITIES ACT LOCAL HOUSING
INCENTIVES ACCOUNT
WHEREAS,Minnesota Statutes § 473.251 creates the Metropolitan Livable Communities
Fund, the uses of which fund must be consistent with and promote the purposes of the
Metropolitan Livable Communities Act and the policies of the Metropolitan Development Guide
adopted by the Council;
WHEREAS,Minnesota Statutes§§473.251 and 473.254 establish within the Metropolitan
Livable Communities Fund a Local Housing Incentives Account and require the Metropolitan
Council to annually distribute funds in the account to participating municipalities that have not
met their affordable and life-cycle housing goals, as determined by the Metropolitan Council, and
are actively funding projects designed to help meet the goals;
WHEREAS, the City is a "municipality" as defined in Minnesota Statutes § 473.254,
Subd. 6 which has negotiated affordable and life-cycle housing goals pursuant to Minnesota.
Statutes § 473.254, Subd. 2 and has elected to participate in the Local Housing Incentives
Account program;
WHEREAS, the City represents that it has not yet met its affordable and life-cycle
housing goals as determined by the Metropolitan Council and is actively funding projects
designed to help meet the goals;
WHEREAS, the City agrees to provide the grant funds made available under this
agreement to help fund the Edenvale development project identified in the application for Local
Housing Incentives Account funds submitted by the Peter Andrea Company in response to a
Super Request for Proposals for multi-family housing funds issued in January 1997 by the
Metropolitan.Housing Implementation Group; and
WHEREAS,at its May 22, 1997 regular meeting,the Metropolitan Council awarded Local
Housing Incentives Account funds to two affordable housing projects, including the Edenvale
development project located within the City of Eden Prairie.
NOW, THEREFORE, BE IT RESOLVED:
1. The Grant Agreement is approved substantially in the form submitted and the City
is authorized to enter into said Agreement.
2. The Grant Agreement is directed to be executed in the name and on behalf of the
City by the Mayor and City Manager. In the absence of the Mayor or City Manager, the
document authorized by this Resolution may be executed by the Acting Mayor or designee of
the City Manager, respectively.
3. The approvals hereby given to the document referred to above include approval
of such additional details therein as may be necessary and appropriate and such modifications
thereof, deletions therefrom and additions thereto as may be necessary and appropriate and
approved by the City's counsel and the officials authorized herein to execute such document prior
to its execution; and said officials are hereby authorized to approve said changes on behalf of the
City. The execution of any instrument by the appropriate officer or officers of the City herein
authorized shall be conclusive evidence of the approval of such document in accordance with the
terms thereof.
4. The Resolution shall take effect immediately
Passed by the City Council this /�A day of 1997.
r. Jean Harris, Mayor
Attest
D. rane, City Finance Director/Clerk
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