2014-003 DEED Funding Application for Oxford GreenCITY OF HOPKINS
HENNEPIN, MINNESOTA
RESOLUTION NO. 2014-003
RESOLUTION IN SUPPORT OF MINNESOTA DEPARTMENT OF
EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED)
FUNDING APPLICATION FOR OXFORD GREEN
WHEREAS, the City of Hopkins (the City) is a local unit of government in the State of
Minnesota and is eligible for a Redevelopment Grant for housing development activities from
the Minnesota Department of Employment and Economic Opportunity (DEED); and
WHEREAS, the City has identified a proposed housing development project within the
City that meets the stated purposes and criteria of DEED Redevelopment Grant funds; and
WHEREAS, the proposed housing development project has been proposed by Project for
Pride in Living, Inc., a Minnesota Nonprofit Corporation (the Developer), is located at the
southeast corner of the intersection of Blake Road and Oxford Street, and will entail the new
construction of approximately fifty (50) apartment units (the Project); and
WHEREAS, the City and Developer wish to apply to DEED for a Redevelopment Grant
(the Funding Award) to fund applicable Project costs, including but not limited to, water and
sewer connections and public sidewalks; and
WHEREAS, applications for Funding Awards from DEED must be made by local units
of government; and
WHEREAS, only a limited amount of award funds are available through DEED during
each funding cycle and DEED has determined it appropriate to allocate those scarce grant funds
only to eligible projects that would not occur without the availability of the Funding Award.
NOW, THEREFORE BE IT RESOLVED that, after appropriate examination and due
consideration, the governing body of the City:
1. Finds that it is in the best interests of the City's development goals and priorities for
the proposed Project to occur at this particular site at this particular point in time.
2. Finds that the Project component(s) for which the Funding Award is sought will not
occur solely through private or public investment within the reasonably foreseeable
future and will occur within the term of the Funding Award only if the Funding Award
is made available for the Project at this time.
3. Authorizes its City Manager to submit on behalf of the City an application for the
Funding Award, and to execute such agreements as may be necessary to implement
the Funding Award on behalf of the City.
Resolution No. 2014-003 -2-
Adopted by the City Council of the City of Hopkins this 21" day of January, 2014.
By:
Euge e J. Maxwell, Mayor
Attest:
Kristine A. Luedke, City Clerk