2013-069 Loan for Comm. Involvement ProgramCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2013-069
RESOLUTION APPROVING THE USE OF HENNEPIN COUNTY HOUSING AND
REDEVELOPMENT AUTHORITY'S AFFORDABLE HOUSING INCENTIVE FUND
LOAN FOR COMMUNITY INVOLVEMENT PROGRAM'S HOUSING
REHABILITATION PROJECT
WHEREAS the Hennepin County Housing and Redevelopment Authority (HCHRA)
in Resolution No. 12-HCHRA-0015 has approved the use of a $85,000 Affordable Housing
Incentive Fund (AHIF) loan for the Community Involvement Program's (CIP) housing
rehabilitation project in Hopkins, contingent upon the City of Hopkins' consent to the
HCHRA's participation in the project; and
WHEREAS, CIP's housing redevelopment project will preserve the supply of
affordable housing in the City of Hopkins by preserving the properties located at 1301-03
Oxford Street and 1014 Westbrooke Way in the City of Hopkins; and
WHEREAS, the loan from the HCHRA will complete the financing required for the
project to go forward.
NOW, THEREFORE, BE IT RESOLVED that, after appropriate examination and
due consideration, the governing body of the City finds that the participation of the Hennepin
County Housing and Redevelopment Authority in the project is hereby approved.
Adopted by the City Council of the City of Hopkins this 15`h day of October, 2013.
By:
Eugen . M well, Mayor
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Kristine A. Luedke, City Clerk