HomeMy WebLinkAboutCity Council Resolution 1997-669•
CITY OF PLYMOUTH
RESOLUTION 97 - 669
Authorizing the Execution of Agreements with the Metropolitan Council and the
Shenandoah Woods Limited Partnership to Provide Metropolitan Livable Communities
Housing incentive Account Funding for the Construction of Affordable Housing as Part of
Development of the Shenandoah Woods Apartments
WHEREAS, the Metropolitan Livable Communities Act (Minnesota Statutes 473.25 to 473.254)
establishes a Metropolitan Livable Communities Fund with a Local Housing Incentives Account
which is intended to assist metropolitan area municipalities in meeting their adopted housing
gam; and
WHEREAS, on November 6, 1996, the City Council elected to participate in the Local Housing
Incentive Account of the Metropolitan Livable Communities Fund for calendar year 1997; and
WHEREAS, the Metropolitan Councdl has awarded $225,000 from the Local Housing Incentive
Account to the City to assist in the development of the Shenandoah Woods Apartments; and
WHEREAS, the development of the Shenandoah Woods Apartments will contribute to meeting
the City's adopted housing goals; and
WHEREAS, in order to make the funds from the Local Housing Incentive Account available for
their intended purpose the City must enter into agreements with the Metropolitan Council and the
Shenandoah Woods Limited Partnership regarding the award and disbursement of these funds;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA, that the Mayor and City Manager are hereby authorized and
directed to execute agreements with the Metropolitan Council and the Shenandoah Woods
Limited Partnership on behalf of the City regarding the award and disbursement of a $225,000
Local Housing Incentive Account Grant for development of the Shenandoah Woods Apartments.
Adoptod by the Plymouth City Council on November 5, 1997.