HomeMy WebLinkAbout2011-108 CCR Member Kay Lasman introduced the following resolution and moved
its adoption:
RESOLUTION NO. 2011108
RESOLUTION APPROVING SUBRECIPIENT AGREEMENTS FOR HENNEPIN
COUNTY NEIGHBORHOOD STABILIZATION PROGRAM 3 (HUD NSP 3 AND
MHFA NSP 3)
WHEREAS, Hennepin County (Recipient) has received grants from the U.S.
Department of Housing and Urban Development (HUD) and Minnesota Housing Finance Agency
(MHFA) for Neighborhood Stabilization Program 3 (NSP3) under Section 1497 of the Wall Street
Reform and Consumer Protection Act of 2010 (Public Law 111 -203, approved July 21, 2010, Dodd
— Frank Act or "The Act ") as amended, for emergency assistance for redevelopment of abandoned
and foreclosed homes and residential properties; and
WHEREAS, pursuant to the requirements of The Act, Hennepin County has
proposed Subrecipient Agreements for Hennepin County Neighborhood Stabilization Program 3,
including HUD NSP 3 and MHFA NSP 3 (Subrecipient Agreements), for execution by the City of
Brooklyn Center; and
WHEREAS, recipient has approved use of $690,250 of HUD NSP 3 funds and
$487,500 of MHFA NSP 3 funds for the City of Brooklyn Center (Subrecipient) for the
Implementation of Eligible and Fundable NSP activity (ies) as set forth in the Subrecipient
Agreements; and
WHEREAS, the City of Brooklyn Center's designated activity under the NSP 3
program includes the following:
1. Eligible use "E" Redevelopment ($690,250 from HUD NSP 3)
2. Eligible use "E" Redevelopment ($487,500 from MHFA NSP3)
WHEREAS, pursuant to the Subrecipient Agreements between the City of Brooklyn
Center and Hennepin County, the City agrees to assume certain responsibilities for the utilization of
NSP 3 funds pursuant to the Subrecipient Agreements; and
WHEREAS, approval of the Subrecipient Agreements by the City of Brooklyn
Center is required in order to receive NSP 3 funding from Hennepin County.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that it approves the Subrecipient Agreements from Hennepin County
for Neighborhood Stabilization Program 3 (NSP 3) and authorizes the Mayor and City Manager to
execute the agreements.
RESOLUTION NO. 2011 -108
BE IT FURTHER RESOLVED that the City Council hereby authorizes and directs
the City Manager to prepare any required Third Parry or Developer Agreements, on behalf of the
City, for implementation of the NSP 3 program.
BE IT FURTHER RESOLVED that the City Council authorizes the Mayor and City
Manager to approve any revisions to the Subrecipient Agreements as required by Hennepin County,
said revisions shall not constitute a revision that will substantially affect the nature or intent of the
Subrecipient Agreement.
August 8, 2011
Date Mayor
ATTEST: —div� VM A A t7rd
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Tim Roche
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Carol Kleven, Kay Lasman, Tim Roche, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.