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Home My WebLink AboutResolution No. 083-19 - Support for Mayowood Road Supportive Housing A RESOLUTION SUPPORTING AN MHFA FUNDING APPLICATION FOR A 30 UNIT SUPPORTIVE HOUSING PROJECT AT 1025 MAYOWOOD ROAD SW WHEREAS, Center City Housing Corp. has proposed to build a 30-unit supportive housing project in the City of Rochester; and, WHEREAS, 100% of the units in the housing project will be affordable to households with incomes at or below 60% of the area median income; and, WHEREAS, the City wishes to support the application that Center City Housing Corp. is submitting to Minnesota Housing Finance Agency (MHFA) for project funding; and WHEREAS, the City will work with Developer to secure Tax Increment Financing (TIF) assistance from the City by creating a Housing TIF District upon the Developer’s securing project funding from MFHA for the Project; and, WHEREAS, The City cannot create a Housing TIF District in support of the Project until all statutory requirements have been fully satisfied, including the consideration of comments from the pubic and affected government jurisdictions following a public hearing; 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: 1. The Rochester Common Council supports the application for the housing tax credits for the construction of a 30-unit supportive housing project. 2. The Rochester Common Council supports the Project subject to final determination of project eligibility, required reviews, public input, notice and hearing and without surrendering its legislative discretion. 3. The Rochester Common Council, upon MHFA’s approval of funding for the Project, authorizes City staff to continue to work on Tax Increment Financing for the Project upon receipt of a TIF application and corresponding fee from the Developer. PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2019. ___________________________________ PRESIDENT OF SAID COMMON COUNCIL ATTEST: __________________________ CITY CLERK APPROVED THIS _____ DAY OF ______________________, 2019. ___________________________________ MAYOR OF SAID CITY (Seal of the City of Rochester, Minnesota)