HomeMy WebLinkAboutResolution 10208 - 2026/02/09RESOLUTION 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.
Resolution 10208
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2. Use of Funds: The EDA is authorized to use LAHA funds for any eligible
purpose permitted under Minnesota 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.
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. LAHA funds shall be deposited
into a dedicated account within the City's financial system. The EDA is
authorized to request disbursements consistent with approved program
budgets and City financial policies.
5. Effective Date and Execution: This resolution shall take effect immediately
upon its adoption.
BE IT FURTHER RESOLVED that the City Council approves the Resolution
in substantially the form presented to the City Council subject to any modifications
that do not alter the substance of the transaction and that are approved by the City
Administrator and the City Attorney.
BE IT FINALLY RESOLVED that the Mayor, the City Administrator, and other
City and EDA officials, staff, and consultants are authorized to execute the
Resolution and to take any and 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 this 9th day of February 20
indstrom, Mayor
Attest:
Nyl ikm d, City Administrator
(SEAL)