HomeMy WebLinkAbout20-04 - ADMIN Resolution - Economic Development Authority - 2020/04/06EDA Resolution No. 20-04
Resolution of support of an application for a Hennepin County Transit Oriented
Development (TOD) grant submitted by CommonBond for redevelopment at
8115 MN Highway 7
Whereas, the Authority acknowledges the Hennepin County Board of Commissioners has
authorized approximately $2.2 million for transit-oriented development (TOD) projects; and
Whereas, CommonBond submitted an application requesting grant funds from the
Hennepin County Transit Oriented Development Program; and
Whereas, the grant funds will be used for certain public improvement costs associated
with the proposed redevelopment project at 8115 MN Highway 7 in the City of St. Louis Park;
and
Whereas, the Hennepin County Transit Oriented Development Program Guidelines
require support by the governing body of the City of St. Louis Park for submission of a grant
application to the Hennepin County Transit Oriented Development Program; and
Now therefore be it resolved that the Authority, in accordance with Minnesota Statutes
383B.77, subd. 3., supports the submission of a Transit Oriented Development Program grant
application to the Hennepin County Housing and Redevelopment Authority by CommonBond
for the proposed development-Prince of Peace.
Reviewed for administration: Adopted by the Economic Development
Authority April 6, 2020
Thomas K. Harmening, executive director Rachel Harris, president
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: D62E004C-4F1B-48C8-A5E4-078EBBFCBE40