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(6) <br /> RESOLUTION NO. 4508 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION AUTHORIZING APPLICATION FOR RAMSEY COUNTY COMMUNITY <br /> DEVELOPMENT BLOCK GRANT FUNDS TO ASSIST IN THE DEVELOPMENT OF A <br /> LOW MODERATE SENIOR RENTAL HOUSING PROJECT IN MOUNDS VIEW <br /> WHEREAS, the City desires to provide assistance in a housing project which will <br /> meet the growing demands in the community for low-moderate income rental housing <br /> for seniors; and <br /> WHEREAS, the project is within the City's Development District No. 2 and Tax <br /> Increment District No. 1 and is consistent with the City's Comprehensive Plan, the Five <br /> Year Development Goal Plan and the FOCUS 2000 Community-wide Strategic Plan; and <br /> WHEREAS, the project will provide direct and substantial benefits to the <br /> community by providing affordable rental housing for over 150 senior citizens as well as <br /> providing affordable home ownership opportunities for young families to purchase single <br /> family homes vacated by seniors opting to reside in a quality housing development that <br /> is near their families and friends. <br /> NOW, THEREFORE, BE IT RESOLVED THAT, the City Council in and for the City <br /> of Mounds View does hereby authorize the City Administrator to make application to <br /> Ramsey County for Community Development Block Grant funds for assistance with the <br /> purchase of the land upon which an 80 unit low-moderate income senior housing <br /> complex will be constructed within an existing Development District. <br /> Adopted this 14th day of February, 1994. <br /> ATTEST: <br /> Mayor <br /> (SEAL) <br /> City Administrator <br />