HomeMy WebLinkAboutResolution No. 107-23 - Resolution - Supporting Mayowood II Housing Tax Credit Application
RESOLUTION
Supporting a Housing Tax Credit Application for a 36-Senior Housing Project to
be known as Mayowood II.
WHEREAS, Olmsted County Housing and Redevelopment Authority has proposed to build
a 36-unit senior housing project in the City of Rochester; and,
WHEREAS, development of the property will be subject to the City’s Unified Development
Code; and,
WHEREAS, 18 of the units in the senior housing project will be affordable to households
with incomes at or below 50% of the area median income; and,
WHEREAS, 18 of the units in the senior housing project will be affordable to households
with incomes at or below 30% of the area median income; and,
WHEREAS, the City wishes to support the application that Olmsted County Housing and
Redevelopment Authority will be submitting to Minnesota Housing Finance Agency
(MHFA) for Housing Tax Credits; and,
WHEREAS, the success of the application is predicated on local support of the proposal.
NOW, THEREFORE, BE IT RESOLVED by the City of Rochester Common Council that the
City of Rochester as follows:
The Rochester Common Council supports the application for the housing tax credits for
the construction of a 36-unit senior housing project to be known as Mayowood II subject
to meeting the provisions of the City’s Unified Development Code.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2023.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2023.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)