Laserfiche WebLink
RESOLUTION (I) ADOPTING THE CITY <br />OF LITTLE CANADA'S MINNESOTA STATUTES, <br />CHAPTER 462C HOUSING PLAN (THE "HOUSING PLAN ") <br />AND AUTHORIZING THE SUBMISSION OF THE HOUSING PLAN <br />TO METROPOLITAN COUNCIL FOR REVIEW AND <br />COMMENT AND (II) RECITING A PROPOSAL FOR A <br />FINANCING PROGRAM FOR A MULTI - FAMILY RENTAL <br />HOUSING DEVELOPMENT, GIVING PRELIMINARY <br />APPROVAL TO THE PROJECT AND THE FINANCING PROGRAM <br />FOR THE PROJECT PURSUANT TO MINNESOTA STATUTES, <br />CHAPTER 462C, AUTHORIZING THE ISSUANCE OF <br />HOUSING REVENUE BONDS AND AUTHORIZING THE SUBMISSION <br />OF ANY NECESSARY INFORMATION PERTAINING TO THE <br />FINANCING PROGRAM TO THE MINNESOTA HOUSING FINANCE <br />AGENCY FOR APPROVAL AND AUTHORIZING THE PREPARATION <br />OF NECESSARY DOCUMENTS AND MATERIALS IN CONNECTION <br />WITH THE SAID PROJECT AND PROGRAM <br />(RUTZICK HOUSING PROJECT) <br />WHEREAS, <br />(a) Minnesota Statutes, Chapter 462C <br />(the "Act) confers upon cities, or housing <br />and redevelopment authorities or port <br />authorities authorized by ordinance to <br />exercise on behalf of a city the powers <br />conferred by the Act, the power to issue <br />revenue bonds to finance a program for the <br />purposes of planning, administering, making <br />or purchasing loans with respect to one or <br />more multi - family housing developments within <br />the boundaries of the city; <br />(b) Section 462C.01 of the Act provides <br />that prior to the implementation of such a <br />program, the City shall develop a Housing <br />Plan meeting the requirements of Chapter <br />462C.03, Subdivision 1; and shall submit such <br />Housing Plan to Metropolitan Council for <br />review and comment pursuant to Chapter <br />462C.04, Subdivision 1. <br />(c) Pursuant to an authorizing <br />resolution adopted by the City Council on <br />October 23, 1985 (the "Prior Resolution ") the <br />j.N V •• v '1 <br />