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HASTINGS ECONOMIC DEVELOPMENT <br />AND REDEVELOPMENT AUTHORITY <br />RESOLUTION NO. 2012-01 <br />PPROVAL TO SUBMIT APPLICATION FOR FUNDING TO THE DAKOTA COUNTY CDA <br />A <br />REDEVELOPMENT INCENTIVE GRANT PROGRAM <br />Commissioner ______________ introduced the following resolution and moved its adoption: <br />WHEREAS <br />, the Hastings Economic Development and Redevelopment Authority (HEDRA)has <br />identified a proposed project within the City of Hastings that meets the Dakota County Community <br />Development Agency (CDA) Redevelopment Incentive Grant program’s purposes and criteria; and <br />WHEREAS <br />,The City and HEDRAhaveestablished a Redevelopment Plan of which the <br />proposed project is a component; and <br />WHEREAS <br />,HEDRAhas the capability and capacity to ensure the proposed project be <br />completed and administered within the Redevelopment Incentive Grant program guidelines; and <br />WHEREAS <br />,HEDRA has the legal authority to apply for financial assistance; and <br />WHEREAS <br />,HEDRAis supportive of affordable housingand of the CDA’s mission, to improve <br />the lives of Dakota County residents through affordable housing and community development. <br />NOW THEREFORE BE IT RESOLVED <br />that HEDRAapproves the application for funding <br />from the Dakota County CDA Redevelopment Incentive Grant program. <br />BE IT FURTHER RESOLVED <br />that upon approval of its application by the Dakota County <br />CDA, John Hinzman, Executive Director,is hereby authorized to execute such agreements as are <br />necessary to receive and use the funding for the proposed project. <br />Commissioner _____________ seconded the resolution and upon being put to a vote it was <br />adopted: <br />Ayes: <br />Nays: <br />Absent: <br /> <br />By:_______________________________ <br />Its: President <br />ATTEST: <br />_______________________________ <br />John Hinzman, Executive Director <br />