Laserfiche WebLink
RESOLUTION NO. 5111 • <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION SUPPORTING SUBSIDIZED HOUSING UNITS IN MOUNDS VIEW AS <br /> PART OF THE PROPOSED SILVER LAKE COMMONS <br /> WHEREAS, the City of Mounds View desires substantial rehabilitation of the 40-unit <br /> Red Oak Apartments located at 2665 Highway 10; and <br /> WHEREAS, the City of Mounds View is evaluating the benefits of quality new <br /> townhomes on the adjacent parcels as part of the project; and <br /> WHEREAS,the Minneapolis Public Housing Authority through the Holman Decree is <br /> willing to provide an equity investment to aid in the rehabilitation of Red Oak Apartments and <br /> construction of new townhomes; <br /> NOW THEREFORE BE IT RESOLVED, that the City of Mounds View hereby <br /> supports the set aside of subsidized housing units through the Holman Decree for the proposed <br /> Silver Lake Commons with the following stipulations: <br /> 1. The Economic Development Authority approves the sale of land for the project. <br /> 2. The project is approved for rezoning as a Planed Unit Development. <br /> 3. The project meets the standards provided under the Mounds View Municipal <br /> Code. <br /> 4. The project receives approvals under the Development Review Process. <br /> NOW BE IT FURTHER RESOLVED, that the City of Mounds View hereby directs <br /> staff to begin negotiations regarding the Cooperative Agreement between the City of Mounds <br /> View and the Minneapolis Public Housing Authority with signature on the Agreement authorized <br /> upon gaining successful approvals as outlined above. <br /> Adopted by the City Council, in and for the City of Mounds View, Minnesota this 28th day of <br /> April, 1997. <br /> Duane McCarty, Mayor <br /> ATTEST: <br /> 111/ <br /> Chuck Whiting, Clerk-Administrator <br />