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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 5111 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION SUPPORTING SUBSIDIZED HOUSING UNITS IN MOUNDS VIEW AS <br />P ART OF THE PROPOSED SILVER LAKE COMMONS <br /> <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 /> <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 /> <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 /> <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 /> <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 /> <br />NOW BE IT FURTHER RESOLVED, that the City of Mounds View hereby directs <br />staffto begin negotiations regarding the Cooperative Agreement between the City of Mounds <br />View, Mounds View Economic Development Authority and the Minneapolis Public Housing <br />Authority with signature on the Agreement authorized upon gaining successful approvals as <br />outlined above. <br /> <br />Adopted by the City Council, in and for the City of Mounds View, Minnesota this 28th day of <br />April, 1997. ~<-f. /t& <br /> <br /> <br />Duane McCarty, Mayor <br /> <br /> <br />ATTEST: <br /> <br /> <br />Chuck Whiting, Cler -Administrator <br />