HomeMy Public PortalAbout2013-49 Resolution Authorizing Waiver of Certain Dev Fees for an Affordable Housing Project by DominiumMember Martinson introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION 2013-49
RESOLUTION AUTHORIZING THE WAIVER OF
CERTAIN DEVELOPMENT FEES FOR AN
AFFORDABLE HOUSING PROJECT BY DOMINIUM
WHEREAS, the city of Medina (the "City") is a municipal corporation, organized and
existing under the laws of Minnesota; and
WHEREAS, Dominium (the "Developer") intends to propose the development of
approximately 32 affordable rental housing units on property at 510 Clydesdale Trail (the
"Property") and is seeking funding from public agencies to support the project; and
WHEREAS, the City wishes to support the construction of affordable housing within
Medina; and
WHEREAS, the Developer has requested that the City waive certain development fees
in the interest of financially supporting the project; and
WHEREAS, the assistance requested by the Developer is proposed to be provided in
consideration for the Developer constructing housing within the City, and therefore, is not
considered a business subsidy for purposes of Minn. Stat. 116J.993 — 116J.995 (the "Business
Subsidy Act").
NOW, THEREFORE BE IT RESOLVED, that the City Council of Medina, Minnesota
does hereby agree to waive the City Trunk Water Connection Fees, City Trunk Sewer
Connection Fees, and, if applicable, Park Dedication Fees for an affordable housing project on
the Property, subject to the following terms and conditions:
1) The rent of the housing units and other terms and conditions regarding affordability
of the project shall be acceptable to the City;
2) The fee waiver shall only apply to the specific fees noted above and shall not exceed
$300,000;
3) The agreement to waive the fees noted above shall only be valid for Dominium and
only apply to an affordable housing project constructed on the Property; and
4) The Developer shall enter into a written agreement consistent with the terms and
conditions stated in this resolution and agree to repay to the City the amount of the
fees waived if the affordable housing development is not completed or terminated
prematurely.
Resolution No. 2013-49
June 4, 2013
Dated: June 4, 2013.
By:
Attest:
By: ' ..1
a
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Scott T. Johnson, ity Administrator -Clerk
eth Weir, Mayor
The motion for the adoption of the foregoing resolution was duly seconded by member Anderson
and upon vote being taken thereon, the following voted in favor thereof:
Anderson, Martin, Martinson, Pederson, Weir
And the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.
Resolution No. 2013-49 2
June 4, 2013