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HomeMy WebLinkAboutResolution 94-32 ~LUTION 94- 32 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLUMBIA HF-IOHTS GRANTING HOMESTEAD CLASSIFICATION TO THE PROPERTY LOCATED AT 3932 CENTRAL AVENUE AND AUTHORIT-ATION TO ENTER INTO DEVELOPMENT CONTRACT REGARDING II-IE SAME. V~rlEREAS, Anoka County Community Action Program, Inc. (ACCAP), an experienced nonprofit corporation and real property manager, has purchased a 22-unit apartment building in the City of columbia Heights at 3932 Central Avenue. WHEREAS, pursuant to paragraph (j) of Minnesota Statutes Section 273.124, subd. 6, ACCAP has applied to the City Cguncil of the City of Columbia Heights to make certain findings with respect to that property now owned by ACCAP. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Columbia Heights, Anoka County, Minnesota, as follows: That the City Council for the City of Columbia Heights, after holding a public hearing to determine whether ACCAP, the owner of an apartment building located at 3932 Central Avenue, Columbia Heights, Minnesota, has submitted sufficient evidence regarding whether this property should receive homestead classification under Minnesota Statutes Section 273.124, subd. 6 (j), hereby make the following findings: (1) (3) (4) That the granting of the homestead treatment of the 22-unit apartment building will facilitate safe, clean, affordable housing for the cooperative members that would otherwise not be available absent the homestead designation for this property; That ACCAP has presented information satisfactory to the Columbia Heights City Council showing that the savings garnered from the homestead designation of the units will be used to reduce the tenant's rents or provide a level of furnishing or maintenance not possible absent the designation; and That the requirements of paragraphs (b), (d), and (i) of Minnesota Statutes Section 273.124, subd. 6 have been met by ACCAP. That the Mayor and City Manager are directed to enter into a development contract (as attached Exhibit A) regarding the operation of the leasehold cooperative of the property located at 3932 Central Avenue. Passed the 13th day of dur~ , 1994. Offered by: Peterson Seconded by: Ruettimann Roll Call: Jolly, Ruettimann, Peterson~ aye ~ __ __ Nawrocki, Stur devant - n~~r~~~  seph St~devant, Mayor AoffAn~e'St~dent~ecreta~o the Council