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RESOLUTION NO. 99-EDA-105 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION APPROVING APPLICATION TO MINNESOTA HOUSING FINANCE AGENCY AND <br /> METROPOLITAN COUNCIL COMMUNITY REVITALIZATION FUND FOR A GRANT TO ASSIST IN <br /> FUNDING THE MOUNDS VIEW HOUSING REPLACEMENT PROGRAM <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 /> 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 /> 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 /> may be acquired for the purposes of redevelopment; and <br /> WHEREAS, a grant from the Minnesota Housing Finance Agency and Metropolitan Council <br /> Community Revitalization Fund would provide necessary funding for acquisition and demolition costs <br /> to fund the program through the end of the year 2000; and <br /> WHEREAS, projects in which CDBG funds are used would provide safe and quality housing <br /> for low-moderate income families; and <br /> NOW THEREFORE, BE IT RESOLVED, that the Mounds View Economic Development <br /> Authority hereby recommends application to the Minnesota Housing Finance Agency Community <br /> Revitalization Fund for a $150,000 grant to assist in funding the Mounds View Housing Replacement <br /> Program. <br /> Adopted this 8th day of February 8, 1999. <br /> Dan Coughlin, President <br /> ATTEST: <br /> Charles S. Whiting, Executive Director <br />