HomeMy WebLinkAboutHousing & Redevelopment Authority Resolution 93-08HRA RESOLUTION 93-08
RESOLUTION TO pET1TION THE OCRBASB FAIR MARKET RENTS
OUSING AND URBAN
DEV ELOPMENT(HUDAUNNEAM
FMR) FOR THE CITY Oir PLYMOUTH, MINNESOTA
WHEREAS, the March, 1993 no survey done for the City of Plymouth indicates that the
average apartment rent in the City is 109 percent of FMR for a one bedroom unit; 110 Percent
of FMR for a two bedroom unit and 116 percent of PMR for a 3 bedroom unit; and,
WMUtEAS, the HUD/Washmgton Office is proposing some FMRs to be decreased rather
than increased; and,
WHEREAS, Current PMRs are not adequate to meet the projected needs of new Section 8
renters as based on the March, 1993 rent survey;
NOW, 1iII 01tB, BE IT HEREBY RESOLVED BY THE HOUSING AND
RBDBVBLOPMBNT AUTHORITY OF THE CITY OF PLYMOUTH, MINNESOTA, to
direct the Acting Community Development Director to petition the HUD/Mmneapolis Office
to increase the City of Plymouth PMRs by bedroom size as follows:
One bedroom unit $588
Two bedroom unit $693
Three bedroom unit $946
Further, that these new PMRs would go into effect as soon as approval is granted by HUD.
Adopted by the Housing and Redevelopment Authority on Jtnm 15, 1993.
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