2018-06H HRA ResolutionHOUSING AND REDEVELOPMENT AUTHORITY OF AND FOR
THE CITY OF MOUND, MINNESOTA
RESOLUTION NO. 18-06H
RESOLUTION PROVIDING APPROVAL FOR CONVEYANCE OF
LAND IN MOUND HARBOR DISTRICT TO CITY OF MOUND
WHEREAS, the City of Mound, Minnesota (the "City) underwent a request for qualifications
process to choose a developer to develop townhomes in the Mound Harbor area, and through that process the
City determined to work with Mound Harbor, LLC (the "Developer") for a proposed townhome
development; and
WHEREAS, the Developer has proposed to construct 21 market -rate townhomes, with three to four
units per building, including two garage stalls per unit, at least two parking spaces in front of each building
per unit, and at least 11 additional guest parking spaces (the "Minimum Improvements"); and
WHEREAS, there has been presented to the Board of Commissioners of the Housing and
Redevelopment Authority of and for the City of Mound, Minnesota (the "Authority") a Purchase and
Development Agreement (the "Agreement") proposed to be entered into between the City and the Developer,
pursuant to which the City will convey certain property to the Developer and the Developer will agree to
construct the Minimum Improvements; and
WHEREAS, the Authority owns certain property with the Mound Harbor area, some of which will
be needed for the Minimum Improvements;
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Housing and
Redevelopment Authority of and for the City of Mound, Minnesota that:
1. The Authority hereby approves the conveyance of all property the Authority owns within the
Mound Harbor area to the City for development purposes for $1.00.
2. Authority staff is hereby directed to cause a quit claim deed to be drafted for the purpose of
conveying such property to the City for the Authority's review and approval.
Adopted by the Board of Commissioners of the Housing and Redevelopment Authority of and for the City of
Mound, Minnesota, this 11 th day of September, 2018.
Chair
Clerk
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