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Item No: 7D <br />MOUNDS Meeting �/TT� Meeting Date: Feb.2013 <br />1 Type of Business:: Council <br />Administrator Review: _F <br />City of Mounds View Staff Report <br />To: Economic Development Authority <br />From: Heidi Steinmetz, Economic Development Specialist <br />Item Title/Subject: Resolution 8059, Supporting Twin Cities Twin Cities Habitat for <br />Humanity— Community Development Housing Organization's <br />Application for HOME Funds <br />Background <br />The Mounds View EDA received $100,000 in Community Development Block Grant <br />(CDBG) funding in 2012 to acquire a vacant and/or foreclosed residential lot in Mounds <br />View. The vacant/blighted home would be demolished and the lot donated to Twin Cities <br />Habitat for Humanity. Not less than 70% of the funds must be used for activities that benefit low - <br />and -moderate -income persons. <br />City staff is currently working with Twin Cities Habitat for Humanity to identify a <br />vacant/blighted home for this project. According to Ramsey County, there is no deadline <br />by which the project has to be completed or by which the funds have to be used. <br />Discussion <br />Twin Cities Habitat for Humanity would like to apply for additional HOME funds to use for <br />the construction of the future Habitat project in Mounds View. Habitat's application <br />requires a resolution and a letter of support from the City of Mounds View. Attached are <br />both documents. <br />Recommendation <br />Staff recommends the City Council approve Resolution 8059, Supporting Twin Cities Twin <br />Cities Habitat for Humanity — Community Development Housing Organization's <br />Application for HOME Funds. <br />Respectfully submitted, <br />Heidi Steinmetz, Economic Development Specialist <br />Attachments <br />• Resolution 8059 <br />• Letter of Support <br />