2016-05H HRA ResolutionMOUND HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 16-05H
RESOLUTION APPROVING THE FIRST AMENDMENT TO THE SIGNIFICANT
AMENDMENT TO THE PHA PLAN
WHEREAS, the U.S. Department of Housing and Urban Development has agreed to
provide operating and capital fund assistance to the HRA of the City of Mound,
Minnesota, for the purpose of helping the HRA in carrying out capital and management
activities at the Indian Knoll Manor Public Housing Development; and
WHEREAS, the HRA of the City of Mound previously approved a Significant
Amendment to the PHA Plan on November 24, 2015 reflecting the approval of the
Rental Assistance Demonstration (RAD) application; and
WHEREAS, there has been a change to the number of RAD units requiring an
amendment to the significant amendment to the PHA Plan; and
WHEREAS, Aeon is proposing to change 5 one -bedroom units from RAD funding to
Section 811 funding which is considered De Minimis and will result in a higher subsidy
than the RAD subsidy;
NOW THEREFORE, BE IT RESOLVED that the Mound Housing and Redevelopment
Authority in and for the City of Mound does approve the first amendment to the
significant Amendment related to RAD, as presented in Exhibit A and made a part
herein.
Adopted this 24`h day of May, 2016.
Chair Mark Wegscheid
Attest: Catherine Pausche, Clerk