HomeMy WebLinkAboutResolution - 97-210 - Edenvale Townhouse Project - Cooperation & Initial Agreement between Mpls. Public Housing Authority and Eden Prairie - 11/18/1997 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 97-210
RESOLUTION AUTHORIZING EXECUTION OF THE COOPERATION AGREEMENT
AND THE INITIAL AGREEMENT BETWEEN THE MINNEAPOLIS PUBLIC HOUSING
AUTHORITY AND THE CITY OF EDEN PRAIRIE
WHEREAS,the Minneapolis Public Housing Authority in and for the City of Minneapolis
(the "MPHA") holds an Annual Contributions Contract ("MPHA ACC") from the United States
Department of Housing and Urban Project ("HUD") for funding the capital and operating costs
of low rent public housing units and projects throughout the Minneapolis-St. Paul Twin Cities
metropolitan area pursuant to a certain consent decree entered in United States District Court(the
"Consent Decree");
WHEREAS, the MPHA has established the Metropolitan Housing Opportunity Program
(WHOP") pursuant to which it will cooperate with suburban counties and municipalities in the
construction and operation of qualified housing units (the "MHOP Units");
WHEREAS, the Peter Andrea Company on behalf of a low income housing tax credit
partnership to be formed (the "Owner"), has applied to the MPHA to locate five (5) MPHOP
Units in a 32-unit multifamily housing development to be known as Edenvale (the
"Development") to be located within the City of Eden Prairie, Minnesota (the "City");
WHEREAS, the MPHA and the City wish to enter into a joint powers agreement
governing their respective roles and responsibilities with respect to the MHOP Units;
WHEREAS, as part of the funding of the MHOP Units,HUD requires that the City agree,
pursuant to the authority granted the City by Minnesota Statutes § 469.040,to exempt the MHOP
Units from property taxation in consideration of agreement by the MPHA to subject said units
to payments in lieu of taxes;
WHEREAS, the vehicle for approving such tax treatment is a Cooperation Agreement
between the MPHA and City;
WHEREAS, the MPHA and the City and the Owner have agreed to cooperate in the
location of five MHOP Units in Edenvale; and
WHEREAS, the vehicle for defining the relationship between the MPHA and the City
with respect to the planning, construction, ownership and operation of the MHOP Units is the
Initial Agreement between the MPHA and the City;
NOW, THEREFORE, BE IT RESOLVED:
1. The Cooperation Agreement and Initial Agreement are approved substantially in
the form submitted and the City is authorized to enter into said Agreements.
2. The Initial Agreement and Cooperation Agreement are 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 documents 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 documents 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 documents
prior to their 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 documents in
accordance with the terms thereof.
4. The Resolution shall take effect immediately
Passed by the City Council this day of �4 /Kkgt-,/ , 1997.
*Dr. Jean Harris, Mayor
Attest
. Frane, City Finance Director/Clerk
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