II. 2. ITEM 2017-02 Resolution Acceptance and Use of 2017 Capital Funds (adopt Resolution 518)January 12, 2017HRA Report 2017-02
PUBLIC HEARING
2017CAPITAL FUNDS PROGRAM
Proposed Action
Staff recommends adoption of the following motion: Adopt Resolution 518, authorizingthe
HRABoardand Executive Director to accept and use the 2017Capital Funds.
With approval of this motion, the HRA Boardand the Executive Directorwillimplement the
proper planning and procurement process to utilizethe estimated $65,000the HRA will receive
in 2017Capital 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 2017. 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 Hot Water Storage Tank,
Makeup Air Exhaust System upgrades and First Floor Carpeting & Painting.
Primary Issuesto Consider
Why do we need to act?
The guidance provided to the Hopkins HRA from the HUD field office indicatesthat a
resolution accepting and authorizing the use of these funds is now required.
Supporting Information
HRA Resolution 518
Alternatives
The HRA has the following alternatives regarding this issue:
1.Adopt Resolution 518, 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.518
RESOLUTION AUTHORIZING ACCEPTANCE AND USE OF
2017CAPITAL 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 Departmentof Housing and Urban
Development will enter into a Capital Fund ACC Amendment for Fiscal Year 2017for
the purpose of carrying out capital activities at Dow Towers.
NOW, THEREFORE, BE IT RESOLVEDthat the Authority Board of
Commissioners hereby authorizes the Authority to acceptan estimated amount of
$65,000in Capital Fund Programfunding and authorizes the useof such funds.
th
Adopted this 17day of January 2017.
_____________________________________
Molly Cummings, HRA Board Chair
ATTEST:
_________________________________________
Stacy Unowsky, Executive Director