HomeMy WebLinkAbout8016 (Res.)
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CITY COUNCIL
CITY OF STILLWATER
RESOLUTION NO.
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
STILLWATER TO PROVIDE MULTI-FAMILY RENTAL
HOUSING FOR PERSONS AND FAMILIES OF LOW AND
MODERATE INCOME.
8016
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
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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 vii lage, 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 al leviation 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 al I 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
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WHEREAS, the Authority contracted wIth McGladrey, Hendrickson, & 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 Stillwater (the
"Municipality"); and
WHEREAS, based upon such market analysis the Authority has determined
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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, 19B7 adopted ~Ho"sing
Development Project Program (the nprogramn), describing the policies tor
meeting the housIng needs of the County; and .
WHEREAS, the Program Includes among the multl.famlly 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
Stillwater that:
1. The MunicIpal ity 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 resoluflon or In the Program of the Authority
shal I authorize the expenditure of any funds of the Municipality. Any
revenue bonds Issued by the AuthorIty to fInance the Project or Projects
shal I not constitute a charge, lien or encumbrance, legal or equitable,
upon any property or funds of the Municipality, nor shal I the MunicIpalIty
be subject to any I lability thereon. The holder or holders from tIme to
time of the revenue bonds of the Authority shal I 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.
Approved and adopted thIs 10th day of Januarv
, 19&3'.
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Attest:
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