III.2. 2018 Capital Funds Program
January 11, 2018 HRA Report 2018-02
PUBLIC HEARING
2018 CAPITAL FUNDS PROGRAM
Proposed Action
Staff recommends adoption of the following motion: Adopt Resolution 523, authorizing HRA
Board and Executive Director to accept and use the 2018 Capital Funds.
With approval of this motion, the HRA Board and the Executive Director will implement the
proper planning and procurement process to utilize the estimated $65,000 the HRA will receive in
2018 Capital Funds from the U.S. Department of Housing and Urban Development.
Overview
The HRA was recently notified of the upcoming availability of the annual Capital Fund Program
for 2018. This year the exact allocation has not yet been determined. We plan to utilize the funds
to support the proposed work at Dow Towers in replacement of the existing exhaust and
ventilation system.
Primary Issues to Consider
Why do we need to act?
The guidance provided to the Hopkins HRA from the HUD field office indicates that a
resolution accepting and authorizing the use of these funds is now required.
Supporting Information
HRA Resolution 523
Alternatives
The HRA has the following alternatives regarding this issue:
1. Adopt Resolution 523, approving the action as recommended by staff.
2. Continue for further information.
___________________________________
Stacy Unowsky, Executive Director
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION No. 523
RESOLUTION AUTHORIZING ACCEPTANCE AND USE OF
2018 CAPITAL FUNDS
WHEREAS, the Housing and Redevelopment Authority In and For the City of
Hopkins, Minnesota, (the “Authority”) operates a Low Rent Public Housing Program;
and,
WHEREAS, the Authority and the Department of Housing and Urban
Development will enter into a Capital Fund ACC Amendment for Fiscal Year 2018 for
the purpose of carrying out capital activities at Dow Towers.
NOW, THEREFORE, BE IT RESOLVED that the Authority Board of
Commissioners hereby authorizes the Authority to accept an estimated amount of
$65,000 in Capital Fund Program funding and authorizes the use of such funds.
Adopted this 16th day of January 2018.
_____________________________________
Molly Cummings, HRA Board Chair
ATTEST:
_________________________________________
Stacy Unowsky, Executive Director