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