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HomeMy WebLinkAbout25-032 - ADMIN Resolution - City Council - 2025/02/18 Resolution No. 25-032 Approving proposed allocation for 2025 Urban Hennepin County Community Development Block Grant (CDBG) program funds and authorizing execution of subrecipient agreement with urban Hennepin County and any third-party agreements Whereas, the City of St. Louis Park, through execution of a joint cooperation agreement with Hennepin County, is cooperating in the Urban Hennepin County Community Development Block Grant Program; and Whereas, the City of St. Louis Park has developed a proposal for the use of 2025 Urban Hennepin County Community Development Block Grant funds; Now therefore be it resolved that the St. Louis Park City Council approves the following project for funding from the 2025 Urban Hennepin County Community Development Block Grant Program and authorizes submittal of the proposal to Urban Hennepin County/Consolidated Pool. Activity Budget Low-income deferred rehab loan $169,216.21 It is further resolved that the city council hereby authorizes and directs the mayor and its city manager to execute the subrecipient agreement and any required third-party agreement on behalf of the city to implement the 2025 Community Development Block Grant Program. It is further resolved that should the actual amount of FY2025 CDBG available to the city be different from the preliminary amount provided to the city, the city council hereby authorizes the city manager to adjust following activity budget proportionally to reflect the actual amount of funding available. Activity Budget Low-income deferred rehab loan 100% of any increase or decrease Reviewed for administration: Adopted by the city council February 18, 2025: Kim Keller, city manager Nadia Mohamed, mayor Attest Melissa Kennedy, city clerk Docusign Envelope ID: 1D2AB05E-3719-4AF9-8577-42C6497F2592