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RESOLUTION 17-EDA-299 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION CONSENTING TO THE PROCESS FOR THE CREATION OF A HOUSING <br /> TAX INCREMENT FINANCING DISTRICT IN SUPPORT OF THE PROPOSED MWF <br /> PROPERTIES MULTIPLE FAMILY HOUSING PROJECT <br /> WHEREAS,the City of Mounds View Economic Development Authority (the "EDA") is <br /> a municipal corporation and political subdivision duly organized and existing under the <br /> Constitution and laws of the State of Minnesota; and, <br /> WHEREAS, Pursuant to Minnesota Statutes §469.174 — §469.1799, the City of Mounds <br /> View is authorized to use Tax Increment Financing(TIF)to carry out the public purposes described <br /> and contemplated thereby; and, <br /> WHEREAS, MWF Properties, LLC (MWF Properties) has submitted a proposal to <br /> construct sixty units of multiple-family rental housing (the "Project") at or near the northwest <br /> corner of Mounds View Boulevard(CSAH 10)and Groveland Road,with 100%of the units being <br /> affordable to households with incomes at or below 60% of the area median income; and, <br /> WHEREAS, MWF Properties has submitted plans and applications for approval by the <br /> City of Mounds View for an amendment to the Zoning Map and a Conditional Use Permit for a <br /> Multiple Family Dwelling for the Project; and, <br /> WHEREAS,the EDA supports the Project and will endeavor to work with MWF Properties <br /> to facilitate Tax Increment Financing (TIF) assistance through the creation of a Housing TIF <br /> District with such actions being subject to MWF Properties securing an allocation of Housing Tax <br /> Credits from the Minnesota Housing Finance Agency for the Project; and, <br /> WHEREAS, the EDA cannot create a Housing TIF District in support of the Project until <br /> all statutory requirements have been fully satisfied, including the consideration of comments from <br /> the public and affected governmental jurisdictions following a public hearing. <br /> NOW, THEREFORE, BE IT RESOLVED, by the City of Mounds View Economic <br /> Development Authority, that the recitals and exhibits, if any, set forth in this Resolution are <br /> incorporated into and made a part of this Resolution <br />