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RESOLUTION NO. 4703 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION SUPPORTING NORTHRIDGE PROPERTIES PARTNERSrnp <br /> APPLICATION FOR MINNESOTA HOUSING FINANCE AUTHORITY FUNDING <br /> FOR REHABILITATION OF WOODLAWN TERRACE. <br /> WHEREAS, Norhtridge Properties Partnership, owners of Woodlawn Terrace, are <br /> requesting-assistance-from-Minnesota o ing Financing Authority (MHFA) for the <br /> rehabilitation of seven buildings located on Woodlawn Drive in the City of Mounds View; <br /> and <br /> WHEREAS, MHFA's goal is to provide funding for the rehabilitation of rental units <br /> to support affordable, decent, safe and energy efficient housing for lower income families; <br /> and <br /> WHEREAS, Woodlawn Terrace apartments houses over 100 low to moderate income <br /> families in Mounds View, and <br /> WHEREAS, Woodlawn Terrace is targeted by the City of Mounds View as part of <br /> the project area in critical need of rehabilitation, and <br /> WHEREAS, Rehabilitation of existing multi-family units benefits theentire <br /> community. <br /> NOW, THEREFORE, BE IT RESOLVED THAT the City Council hi and for the <br /> City of Mounds View does hereby support Northridge Properties Partnership application for <br /> Minnesota Housing Finance Authority funding to rehabilitate Woodlawn Terrace. <br /> Adopted this 9th day of January, 1995. <br /> (SEAL) <br /> Jerry Linke, Mayor <br /> ATTEST: <br /> Samantha Orduno, City Administrator <br />