2021-04H HRA ResolutionMOUND HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION NO.21-04H
RESOLUTION AMENDING RESOLUTION NO.09-15H: RESOLUTION
AUTHORIZING INTERFUND LOAN IN CONNECTION WITH TAX
INCREMENT BONDS SECURED BY TAX INCREMENT DERIVED
FROM THE MOUND HARBOR TAX INCREMENT FINANCING
DISTRICT
WHEREAS, The Board of Commissioners (The "Board") of the Housing and
Redevelopment Authority in and for the City of Mound, Minnesota, approved
Resolution No. 09-15H at the regular meeting held on October 27, 2009; and
WHEREAS, Section 2.02 limited the advance of funds constituting an Interfund
Loan to the aggregate principal amount of all Interfund Loans authorized under
this resolution to $3,000,000; and
WHEREAS, Principal on all Interfund Loans for the Mound Harbor Tax
Increment Financing District will exceed this amount if an additional Interfund
Loan is authorized;
NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority of and for the City of Mound, Minnesota, hereby adopts a resolution
amending City Resolution No. 09-86 to increase the aggregate principal amount of
all Interfund Loans to $3,250,000 from $3,000,000.
Adopted by the HRA this 27th day of July, 2021.
Chair, Raymond J. Salazar
Attest: kevin Kelly, Cit lerk