HomeMy WebLinkAbout22-072 - ADMIN Resolution - City Council - 2022/05/16Resolution No. 22-072
Resolution approving the participation of the Hennepin County
Housing and Redevelopment Authority in an affordable housing project
Be it resolved by the City Council (the “City Council”) of the City of St. Louis Park,
Hennepin County, Minnesota (the “City”) as follows:
Section 1. Recitals.
1.01. The Hennepin County Housing and Redevelopment Authority (the “HCHRA”) has
allocated funds from its Pandemic Recovery Fund and Affordable Housing Incentive Fund to
assist CB SLP Housing Limited Partnership, a Minnesota limited partnership , with the
development of an approximately 120-unit multifamily rental housing facility and facilities
functionally related and subordinate thereto located at 8115 State Highway No. 7 in the City to
be known as the Rise on 7 (the “Project”).
1.02. Proposed housing or redevelopment projects undertaken by the HCHRA
pursuant to authority established at Minnesota Statutes, Section 383B.77, subdivision 3 (the
“Statute”) require approval of the local governing body where the project(s) will be located .
1.03. The HCHRA intends to rely on the Statute to assist the Project.
Section 2. Approvals.
2.01. The City hereby grants its approval of the Project under the Statute.
2.02. Nothing in this resolution shall create a pecuniary obligation of the City to assist
the Project, nor shall the City be in any way responsible for any financing obligation or
agreement of the HCHRA with respect to its provision of financial assistance to the Project.
2.03. This resolution shall neither serve to endorse the Project nor operate as a
substitute for any other required City approvals required for the Project.
Reviewed for Administration: Adopted by the City Council May 16, 2022
Kim Keller, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: 8EBAFC20-E7E2-4807-A0D2-C51D8456BAC5