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<br />.e <br /> <br />e <br /> <br />-- <br /> <br />RESOLUTION NO. 99-EDA-104 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING APPLICATION TO RAMSEY COUNTY FOR A COMMUNITY <br />DEVELOPMENT BLOCK GRANT TO ASSIST IN FUNDING THE MOUNDS VIEW HOUSING <br />REPLACEMENT PROGRAM <br /> <br />WHEREAS, the Mounds View Economic Development Authority (EDA) established the <br />Housing Replacement Program (HRP) in 1996 to reduce the social costs of blight, improve residential <br />neighborhoods and increase tax base; and <br /> <br />WHEREAS, to date, the EDA has used tax increment funds for acquisition, demolition and <br />administrative costs associated with the HRP. However, limited funds are currently available to <br />continue the program; and <br /> <br />WHEREAS, there exists a need in the City of Mounds View to provide a program in which <br />residential buildings which have a blighting influence on the neighborhood and community may be <br />acquired for the purposes of redevelopment; and <br /> <br />WHEREAS, a Community Development Block Grant (CDBG) would provide necessary funding <br />for acquisition and demolition costs to fund the program through the end of the year 2000; and <br /> <br />WHEREAS, projects in which CDBG funds are used would provide safe and quality housing <br />for low-moderate income families. <br /> <br />NOW THEREFORE, BE IT RESOLVED, that the Mounds View Economic Development <br />Authority hereby recommends application to Ramsey County for a Community Development Block <br />Grant for $150,000 to assist in funding the Mounds View Housing Replacement Program. <br /> <br />Adopted this 8th day of February, 1999. <br /> <br /> <br />(c-- <br /> <br />ATTEST: <br /> <br />C~f w@t. <br />Charles S. Whiting, ecutive Director <br />