Resolution 10208 - 2026/02/09 - Laserfiche WebLink

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RESOLUTION NO. 10208 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA A RESOLUTION DELEGATING ADMINISTRATION OF LOCAL AFFORDABLE HOUSING AID (LAHA) FUNDS TO THE MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY (EDA) WHEREAS, the State of Minnesota provides annual Local Affordable Housing Aid (LAHA) to eligible cities and counties to support the development, preservation, and stabilization of affordable housing; and WHERAS, the City of Mounds View is an eligible recipient of LAHA funds and will receive annual allocations for the purpose of supporting affordable housing activities within the community; and WHEREAS, Minnesota Statutes, Chapters 469.001-469.047 also authorize municipalities to establish an Economic Development Authority (EDA) and to delegate to the EDA the powers necessary to carry out housing and redevelopment activities; and WHEREAS, the EDA is authorized} pursuant to Minnesota Statutes, Sections 469.090 to 469.1081 (the "EDA Act"), to participate in providing certain loan programs, including the administration of LAHA funds; and WHEREAS, the City Council finds that the delegation of administration of the City's LAHA funds to the Mounds View Economic Development Authority (EDA) will promote efficient program management, ensure compliance with state requirements, and support the City's long-term housing goals; and WHEREAS, the EDA has the administrative capacity, program experience, and organizational structure to effectively manage LAHA-funded activities on behalf of the City. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Mounds View, Minnesota, that: 1. Delegation of Authority: The City of Mounds View hereby delegates to the Mounds View Economic Development Authority (EDA) the authority to administer all Local Affordable Housing Aid (LAHA) funds received by the City, including program design, implementation, monitoring, and reporting.