RES 14-02 RESOLUTION NO. 14-02
A RESOLUTION OF THE HOUSING & REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF ELK RIVER, SHERBURNE COUNTY,
MINNESOTA, APPROVING HOUSING REHABILITATION LOAN
PROGRAM
Section 1. Recitals.
1.01 The Board of Commissioners (the "Board") of the Housing &
Redevelopment Authority in and for the City of Elk River (the "HRA") has proposed to
undertake a program to assist in the rehabilitation of owner-occupied single-family homes by
making loans to qualifying homeowners in a targeted area in the City of Elk River (the
"Program").
1.02 The HRA has caused to be prepared Owner-Occupied Housing
Rehabilitation Program Policies and Procedures (the "Plan") setting forth, among other
things, the terms and conditions under which the HRA will make loans to qualifying
homeowners,a copy of which is on file with the HRA Executive Director,along with related
Program documents,including but not limited to an Administrative Agreement with Central
Minnesota Housing Partnership, Inc. to administer the Program (collectively, the "Program
Documents").
NOW THEREFORE, BE IT RESOLVED by the Board of Commissioners ("Board") of
• the Housing&Redevelopment Authority in and for the City of Elk River ("HRA") as follows:
Section 2. Approval of Program.
2.01. The HRA hereby approves the Plan and finds, determines and declares that it
is in the public interest of the residents of the City that the Program as described in the Plan
be undertaken by the HRA in accordance with Minnesota Statutes, Sections 469.001 through
469.047 (the "HRA Act").
2.02. In accordance with Section 469.012, Subd. 1i and Minnesota Statutes, Section
462C.03, Subd. 2, the HRA hereby determines that moderate income means 115% of the
area median income as defined by HUD for the Minneapolis-St. Paul-Bloomington, MN-WI
MSA.
2.03. The Program Documents as presented to the HRA are hereby in all respects
approved, in substantially the forms submitted, together with any related documents necessary
in connection therewith, and the Chair and Executive Director are hereby authorized and
directed to execute the Program Documents, as needed from time to time (including without
limitation in connection with initiating the program and originating loans) on behalf of the
HRA and to carry out,on behalf of the HRA,the HRA's obligations thereunder.
2.04. The approval hereby given to the Program Documents includes approval of
• such additional details therein as may be necessary and appropriate and such modifications
thereof, deletions therefrom and additions thereto as may be necessary and appropriate and
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approved by legal counsel to the HRA and by the Chair and Executive Director prior to
executing said documents; and said officers are hereby authorized to approve said changes on •
behalf of the HRA. The execution of any instrument by the Chair and Executive Director shall
be conclusive evidence of the approval of such document in accordance with the terms hereof.
In the event of absence or disability of said officers, any of the documents authorized by this
Resolution to be executed may be executed without further act or authorization of the Board by
any duly designated acting official, or by such other officer or officers of the Board as, in the
opinion of the City Attorney,may act in their behalf.
Passed and adopted by the Board of Commissioners of the Housing & Redevelopment
Authority in and for the City of Elk River this 5th day of May,2014.
Aloe
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Chair
ATTEST:
Executive/iirector
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