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HomeMy WebLinkAboutCity Council Resolution 2021-176 C ITY OF P LYMOUTH R ESOLUTION N O. 2021-176 R ESOLUTION GRANTING APPROVAL FOR THE HENNEPIN COUNTY HOUSING AND REDEVELOPMENT AUTHORITY TO PROVIDE FINANCIAL ASSISTANCE TO AN AFFORDABLE HOUSING PROJECT LOCATED IN THE CITY OF PLYMOUTH UNDER MINNESOTA HOUSING AND REDEVELOPMENT AUTHORITIES ACT AND MINNESOTA STATUTES, SECTION 383B.77 WHEREAS, the representatives of the Hennepin County Housing and Redevelopment Authority (the “County HRA”) have advised the City of Plymouth that the County HRA proposes to provide financial assistance from Hennepin County’s Affordable Housing Incentive Fund to the Valor Place affordable housing development (the “Project”); and WHEREAS, pursuant to Minnesota Statutes, Section 383B.77, subd. 3, the City must approve any project by the County HRA before it is undertaken by the County HRA. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA that, as required by Minnesota Statutes, Section 383B.77, subd. 3, the City Council approves the County HRA exercising its powers in the City for the limited purpose of providing financial support to the Project in the City, which Project has requested, or may hereafter request, financial assistance from the County HRA. BE IT FURTHER RESOLVED that nothing in this resolution shall create a pecuniary obligation of the City to assist the Project, nor shall the City be in any way responsible for any financing obligation or agreement of the County HRA with respect to its provision of financial assistance to the Project. BE IT FURTHER RESOLVED that the request made hereunder extends only to the powers of the County HRA with respect to the financial assistance the County HRA proposes to provide to the Project, and the City shall retain all other powers and jurisdiction over matters relating to the City and the Project. BE IT FURTHER RESOLVED that nothing in this resolution is intended to endorse the merits of the Project to be undertaken. APPROVED by the City Council on this 22nd day of June, 2021.