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City of Elk River <br />City Council <br />Resolution 19- io <br />A Resolution of the City Council of the City of Elk River Approving Amended <br />And Restated Redevelopment Plan For Owner -Occupied Housing <br />Rehabilitation Program <br />WHEREAS, on July 7, 2014, the Board of Commissioners (the `Board") of the Housing <br />and Redevelopment Authority in and for the City of Elk River, Minnesota (the "HRA") <br />adopted a program to assist in the rehabilitation of owner -occupied single-family homes by <br />making loans to qualifying homeowners in a targeted area in the City of Elk River (the <br />"City") pursuant to a Redevelopment Plan for Owner -Occupied Housing Rehabilitation <br />Program (the "Redevelopment Plan"), adopted in accordance with Minnesota Statutes, <br />Sections 469.001 to 469.047, as amended (the "HRA Act"); and <br />WHEREAS, the Redevelopment Plan set forth, among other things, the terms and <br />conditions under which the HRA would make loans to qualifying homeowners; and <br />WHEREAS, the HRA has caused to be prepared an Amended and Restated <br />Redevelopment Plan for Owner -Occupied Housing Rehabilitation Program (the "Amended <br />Plan"), a copy of which is on file with the HRA Executive Director, expanding the Project <br />Area wherein loans can be provided and amending the terms and conditions under which <br />the HRA may make loans including allowing loans to be made for the repair, rehabilitation <br />or improvement or 1-4 unit owner -occupied dwellings, including single family homes; and <br />WHEREAS, the City Planning Commission has adopted a resolution fording that the <br />Amended Plan is consistent with the City's comprehensive plan; and <br />WHEREAS, the City Council (the "City Council") of the City of Elk River (the "City") <br />supports the Amended Plan and held a duly noticed public hearing on the Amended Plan on <br />the date hereof. <br />NOW, THEREFORE, BE BT RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: <br />Section 1. Findings: Amended Plan Adopted; Further Proceedings. <br />1.01. The Council fords that there exists a need in the City to provide financial assistance for <br />the rehabilitation, repair and improvement of residential properties in the Project Area (as <br />defined in the Amended Plan); that the Amended Plan will provide for the rehabilitation, repair <br />and improvement of owner -occupied housing property located in the Project Area; that the <br />Amended Plan will help prevent the emergence of blight in the Project Area; and that the <br />P01EREI Ir <br />NATURE <br />