HomeMy WebLinkAboutResolution 26-EDA-381 - 2026/02/09EDA RESOLUTION 26-EDA-381
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
A RESOLUTION ACCEPTING DELEGATION OF LOCAL AFFORDABLE HOUSING
AID (LAHA) FUNDS ADMINISTRATION FROM THE CITY OF MOUNDS VIEW
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
WHEREAS, the City of Mounds View is an eligible recipient of LAHA funds and
has adopted City Council Resolution No. 10208 delegating administration of LAHA
funds to the Mounds View Economic Development Authority (EDA); and
WHEREAS, Minnesota Statutes Chapters 469.001-469.047 authorizes the EDA
to exercise housing and redevelopment powers necessary to administer programs that
support affordable housing; and
WHEREAS, the EDA is authorized pursuant to Minnesota Statutes, Sections
469.090 to 469.1081 (the "EDAAct"), to participate in providing certain loan programs
(collectively, the "Loans"); and
WHEREAS, the EDA has 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 Mounds View Economic
Development Authority:
1) Acceptance of Delegated Authority: The EDA hereby accepts the delegation of
authority from the City of Mounds View to administer all Local Affordable Housing
Aid (LAHA) funds received by the City.
2) Program Administration: The EDA shall design, implement, and manage LAHA-
funded programs consistent with state law including but not limited to
development or preservation of affordable housing, rehabilitation or repair
programs, gap financing, rental assistance or stabilization programs, and
administrative costs as allowed by statute, City Council direction, and adopted
housing goals.
26-EDA-381
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3) Reporting and Compliance: The EDA shall prepare all required reports, maintain
financial and program records, and provide updates to the City Council as
needed to ensure compliance with Minnesota Housing and Department of
Revenue requirements.
4) Financial Management and Coordination with City Staff: The EDA shall work
collaboratively with City staff to ensure proper financial management, accounting,
and oversight of LAHA funds, including the deposit into a dedicated account
within the City's financial system and the request of disbursements consistent
with approved program budgets and City financial policies.
5) Effective Date and Execution: This resolution shall take effect immediately upon
its adoption.
6) The EDA approves the Resolution in substantially the form presented to the
Board on the date below and further subject to any modifications that do not
alter the substance of the transaction and that are approved by the EDA
Administrator and legal counsel for the EDA. The President of the EDA, its
Executive Director, and other EDA officials, staff and consultants are
authorized to execute the Resolution and to take all other steps necessary or
convenient to carry out the obligations under the Resolution, as well as to
fulfill the intent of this Resolution.
Adopted by the Mounds View Economic Development Authority on the 9th
day of February 2026. J"
Attest: t"�IiCWW-
-
Sherry G
Nyle cmu Executive Director
(SEAL)