2016-08H HRA ResolutionMOUND HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION NO 16-08H
RESOLUTION AUTHORIZING SIGNING OF INDIAN KNOLL MANOR
MAJOR SUBDIVISION FINAL PLAT
WHEREAS, the Housing and Redevelopment Authority of and for the City of
Mound, Minnesota (the "HRA") owns and operates a 50 -unit affordable public housing
project known as Indian Knoll Manor (the "Property") located at 2020 Commerce
Boulevard in the City of Mound; and
WHEREAS, the HRA has entered into a purchase agreement to sell the Property to
Aeon, a non-profit developer and operator of affordable housing and IKM Limited
Partnership, its tax credit limited partnership and has proposed redevelopment of the
Property and the adjacent property at 5524 Spruce Road for an apartment
remodel/addition and new townhome construction project (the 'Project"); and
WHEREAS, the HRA voted unanimously to direct Aeon and Staff to move forward with
the local development application and subdivision review process on April 12, 2016; and
WHEREAS, the Major Subdivision -Final Plat for Indian Knoll Major for development of
the Project has been submitted by Aeon to the City of Mound for consideration by the
City Council at an upcoming meeting; and
WHEREAS, the Major Subdivision -Final Plat for Indian Knoll Manor is required to be
signed by the HRA as it is the current owner of the Property.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the
Housing and Redevelopment Authority of and for the City of Mound, Minnesota, the
Chair and Executive Director of the HRA are authorized to sign the Major Subdivision -
Final Plat of Indian Knoll Manor, subject to the following condition:
Approval of the Major Subdivision -Final Plat by the City Council of the
City of Mound.
Adopted this 27th day of September, 2016.
Chair Mark Wegscheid
Attest: Catherine Pausche, Clerk