2015-04H HRA ResolutionMOUND HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION NO 15-04H
RESOLUTION APPROVING AMENDMENTS TO THE 2013 and 2014
CAPITAL FUND ANNUAL STATEMENTS
WHEREAS, the U.S. Department of Housing and Urban Development has agreed to
provide Capital Fund Program (CFP) 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 Public Housing Development; and
WHEREAS, HUD allows Small PHAs to use their capital funds for operations; and
WHEREAS, using the capital funds for operations ensures no funds are forfeited and
increases the fund balance reserves; and
WHEREAS, using the capital funds for operations still allows the funds to be used for the
intended purpose of unit upgrades; and
WHEREAS, the HRA of the City of Mound has previously approved Capital Fund Annual
Statements for 2013 and 2014;
NOW THEREFORE, BE IT RESOLVED, The Board of the Mound Housing and
Redevelopment Authority approves the amendments to the Capital Fund Annual
Statements for 2013 and 2014 as presented in Exhibit A and made a part herein.
Adopted this 24th day of March, 2015.
Chair Mark Wegscheid
Attest: Catherine Pausche, Clerk