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RESOLUTION AUTHORIZING APPLICATION FOR AND, IF AWARDED, ACCEPTANCE OF A 2018 WORKFORCE HOUSING GRANT FROM THE MINNESOTA HOUSING FINANCE AGENCY RELATED TO THE CITYVIEW FLATS LLC PROJECT
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WHEREAS, the city of Duluth desires to submit an application pursuant to the Workforce Housing Development Program ("Program") for a 2018 Workforce Housing Grant from the Minnesota Housing Finance Agency ("Minnesota Housing") to support a 96-unit rental housing development, 9 of which units will be rent-restricted (the "Project"); and
WHEREAS, the Project, located at 333 West 1st Avenue North and known as CityView Flats LLC, will provide workforce housing for employees of businesses within the Duluth area; and
WHEREAS, if awarded by Minnesota Housing, the City desires to enter into a Grant Agreement pursuant to the Program in order to obtain funding from Minnesota Housing for the Project.
NOW, THEREFORE BE IT RESOLVED, that the City of Duluth is an Eligible Project Area, as defined in Minnesota Statutes Section 462A.39, subdivision 2, has the legal authority to apply for financial assistance, and has the institutional, managerial and financial capability to ensure adequate construction, operation, maintenance and replacement of the Project for its design life.
BE IT FURTHER RESOLVED, by the City of Duluth, that City staff is hereby authorized to apply for a 2018 Workforce Housing Grant from Minnesota Housing for the Project in an amount of $800,000.
BE IT FURTHER RESOLVED, that, if awarded, the proper City officials are hereby authorized to enter into a Grant Contract and such other agreements, and amendments thereto, as are necessary to implement the Project, in order to obtain funding from Minnesota Housing in an amount not to exceed $800,000 for the Project (the "Grant").
BE IT FURTHER RESOLVED, that the City certifies that it will use the Grant to enter into an Agreement with the Project's developer for qualified expenditur...
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