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RESOLUTION NO. 8928 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF THE <br />METROPOLITAN LIVABLE COMMUNITIES GRANT AGREEMENT <br />WHEREAS, pursuant to an application submitted by the City of Mounds View (the <br />"City"), the Metropolitan Council did on November 29, 2017 award a Local Housing Incentive <br />Account grant to the City in the amount of $500,000 (the "Grant'); and <br />WHEREAS, the purpose of the Grant is to assist with certain costs associated with the <br />Boulevard, a 60 -unit affordable housing development project (the "Project'); and <br />WHEREAS, the City Council has reviewed the proposed Metropolitan Livable <br />Communities Grant Agreement (the "Grant Agreement") provided by the Metropolitan Council and <br />has received the recommendation of staff regarding the Grant Agreement. <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Mounds <br />View, Minnesota, as follows: <br />The Council hereby accepts the Grant and approves the proposed Grant Agreement, <br />subject to the Project developer entering into a separate loan agreement with the City <br />pertaining to the Grant and executing any other documents necessary to secure said <br />loan. <br />2. The Mayor and City Administrator are authorized to execute the Grant Agreement <br />on behalf of the City, along with any other documents necessary to effectuate the <br />intent of this Resolution. <br />Adopted by the City Council of the City of Mounds View this /A, day of YY(ar c -k , 2018. <br />j' CITY OF MOUNDS VIEW <br />Carol A. Mueller, Mayor <br />ATTEST: <br />Nylq9ikmui/e City Administrator <br />515353v DTA MU205-47 <br />