HomeMy WebLinkAbout2002-005 EDAR1
1
Commissioner Ed Nelson introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 2002 -05
RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE
CITY OF BROOKLYN CENTER APPROVING HENNEPIN COUNTY'S
PARTICIPATION IN THE SHINGLE CREEK TOWER PROJECT
WHEREAS, the Hennepin County Housing and Redevelopment Authority
(HCHRA) in Resolution No. 24- HCHRA -01R1 has approved the use of a $400,000 Affordable
Housing Incentive Fund loan for the Shingle Creek Tower project, contingent upon the
Brooklyn Center Economic Development Authority's consent to the HCHRA's participation in
the project; and
WHEREAS, the Shingle Creek Tower project will preserve the supply of
affordable housing in the City of Brooklyn Center by preserving 122 rental units; and
WHEREAS, the loan from the HCHRA will complete the financing required for
the project to go forward.
BE IT RESOLVED by the Economic Development Authority in and for the City
of Brooklyn Center that the participation of the Hennepin County Housing and Redevelopment
Authority in the project is hereby approved.
March 13, 2002
Date
L(121
Preside
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Kay Lasman and upon vote being taken thereon, the following voted in favor
thereof:
Myrna Kragness, Kay Lasman, Ed Nelson, and Bob Peppe;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.