HomeMy WebLinkAbout1990.07.16 RESO 1990-0019r .I
CITY COUNCIL
CITY OF HUGO
RESOLUTION NO. 1990-19
RESOLUTION AUTHORIZING THE WASHINGTON COUNTY
HOUSING AND REDEVELOPMENT AUTHORITY TO
UNDERTAKE A PROGRAM FOR THE FINANCING OF A
HOUSING DEVELOPMENT PROJECT IN THE CITY OF
HUGO TO PROVIDE MULTI -FAMILY RENTAL HOUSING
FOR PERSONS AND FAMILIES OF LOW AND MODERATE
INCOME.
WHEREAS, Minnesota Statutes, Sections 469.001 TO 469.047 (the "Act")
establishes the powers and duties of housing and redevelopment authorities
in the State of Minnesota; and
WHEREAS, pursuant to Section 469.001(4) of the Act, one of the
purposes of The Washington County Housing and Redevelopment Authority (the
"Authority") is to remedy the shortage of housing for low and moderate
Income residents in situations in which private enterprise would not act
without government participation or subsidies; and
WHEREAS, Laws of Minnesota 1974, Chapter 475 (the "Special Law")
provides that, if any housing or redevelopment project is undertaken in
Washington County by the Authority, and such project is within the
boundaries of any incorporated village, city or township, the location of
such project shall be approved by the governing body of such village, city
or township; and
WHEREAS, to assist in the alleviation of a housing shortage for low
and moderate income residents, the Authority is authorized under the Act
to undertake one or more Housing Development Projects (the "Projects"), as
defined in Section 469.002, subd. 15, of the Act as any work or
undertaking to provide housing for persons of moderate income and their
families, which may include planning of building and improvements;
acquisition of real property; construction, reconstruction, alteration and
repair of new or existing buildings and all equipment, facilities and
other real or personal property for appurtenances, streets, sewers, water
service, utilities, site preparation, landscaping, administrative,
community health, recreation or welfare, or other purposes; and
WHEREAS, the Authority contracted with McGladrey, Hendrickson b Pullen
to prepare a market analysis of multi -family and elderly rental housing
supply, demand and projected needs within Washington County (the "County")
including the projected needs in the City of Hugo (the "Municipality");
and
WHEREAS, based upon such market analysis the Authority has determined
that it is necessary for the Authority to undertake the Projects in order
to alleviate current and projected shortages of decent, safe and sanitary
housing for persons of low and moderate income and their families. In
order to implement and undertake the Projects the Authority has, by the
passage of Resolution No. 87-31, on October 27, 1987, adopted a Housing
Development Project Program (the "Program") describing the policies for
meeting the housing needs of the County; and
WHEREAS, the Program includes among the multi -family rental housing
Projects to be developed in order to carry out the policies of the
Program, and Project or Projects located in the Municipality, as described
in Exhibit A attached hereto; and
WHEREAS, the Authority has requested that the governing body of the
Municipality approve the locations of the Projects pursuant to the Special
Law and the financing of such Project or Projects by the Authority
pursuant to the Program:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hugo
that:
1. The Municipality hereby approves the locations of the Project or
Projects located within the Municipality, as described in Exhibit A.
2. The Municipality hereby approves the Program of the Authority to
provide financing for the Project or Projects and authorizes the Authority
to undertake the Program and develop the Project or Projects within the
Municipality.
3. Nothing in this resolution or in the Program of the Authority
shall authorize the expenditure of any funds of the Municipality. Any
revenue bonds issued by the Authority to finance the Project or Projects
shall not constitute a charge, lien or encumbrance, legal or equitable,
upon any property or funds of the Municipality, nor shall the Municipality
be subject to any liability thereon. The holder or holders from time to
time of the revenue bonds of the Authority shall not have the right to
compel any exercise of the taxing power of the Municipality to pay the
outstanding principal on such revenue Bonds or the interest thereon or to
enforce payment thereof against any property of the Municipality.
VOTING AYE: McAllister, Jesinski, Olson, Vail, Atkinson
VOTING NAY: None
Approved and adopted this 16th day of
Attest:
MaryCreager, City C1
w T
EXHIBIT A
Projects located in the City of Hugo
to be financed by
Washington County Housing and Redevelopment Authority
Governmental Housing Revenue Bonds
Series 1989C
Number Financed
Project Location of Units Amount
Hugo Senior Project 14235 Forest Boulevard 28 $1,600,000