HomeMy WebLinkAboutOrdinance - 18-2014 - Granting HRA Authority to Exerrcise the Powers Granted to the City - 08/28/2014 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
ORDINANCE NO. 18-2014
AN ORDINANCE OF THE CITY OF EDEN PRAIRIE, MINNESOTA, GRANTING THE
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF EDEN
PRAIRIE THE POWERS GRANTED TO THE CITY IN MN. STAT. CHAP. 462C
THE CITY COUNCIL OF THE CITY OF EDEN PRAIRIE, MINNESOTA, ORDAINS:
(a) The Housing and Redevelopment Authority in and for the City of Eden Prairie,
Minnesota (the "HRA") has been duly organized pursuant to Minnesota Statutes, Sections
469.001-469.047, as amended.
(b) The Legislature of the State of Minnesota has enacted Minnesota Statutes,
Chapter 462C, as amended (the "Housing Act"), to regulate the planning and implementation of
single family housing programs and multifamily housing developments and has provided for the
financing of such single family housing programs and multifamily housing developments in
accordance with the provisions of the Housing Act.
(c) Under the terms of the Housing Act, a city is authorized to develop and
administer programs of making or purchasing mortgage or rehabilitation loans to finance the
acquisition or rehabilitation of single family housing by low and moderate income persons and
families anywhere within its boundaries, or making or purchasing loans to finance multifamily
housing developments or the rehabilitation of multifamily housing developments.
(d) Under the terms of the Housing Act, the City has the power to authorize the HRA
to exercise, on behalf of the City, the powers conferred by the Housing Act.
(e) Accordingly, the Housing and Redevelopment Authority in and for the City of
Eden Prairie is hereby authorized to exercise, on behalf of the City, all of the powers conferred
by the Housing Act.
This ordinance shall become effective from and after its passage and publication.
FIRST READ and finally read, adopted and ordered published at a regular meeting of
the City Council of the City of Eden Prairie on the 19`f' day of August, 2014
athleen Porta, City Clerk ancy yra- k , M or
PUBLISHED in the Eden Prairie News on August 28, 2014.