HomeMy WebLinkAbout6.j. CDBG Fund Expenditure CITY OF ROSEMOUNT '
EXECUTIVE SUMMARY FOR ACTION ��
CITY COLJNCIL MEETING DATE: Au st 5 1997 I
� �
AGENDA ITEM: CDBG Fund Expenditure AGENDA SECTION:
Consent
PREPARED BY: Dan Rogness, Community Development Director AGENDA NO:
ATTACHMENTS: Proposed Resolution APPROVED BY:
The City Council is being asked to approve the expenditure of$7,302 from an existing Small Cities CDBG
fund with the Dakota County HRA. This expenditure will be targeted to the acquisition of property at 14635
Burma Avenue for future commercial redevelopment opportunities.
RECOMMENDED ACTION: A Motion to Adopt a Resolution Approving Expenditure of CDBG
Funds for Property Acquisition
COUNCIL ACTION:
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 1997-
A RE50LUTION APPROVING EXPENDITURE OF C.D.B.G. FUNDS FOR
PROPERTY ACQUISITION
WHEREAS, the U.S. Department of Housing & Urban Development has offered property for '
sale at 14635 Burma Avenue to the City of Rosemount at a price of$64,800; and '
WHEREAS, the Rosemount Port Authoriry has approved the acquisition of this property for ,
purposes of future redevelopment; and '
, WHEREAS, the Dakota Coun H.R.A. has a balance of$7 302 in a Small Cities Communi I'�
tY , n'
Development Block Grant (CDBG) fund for use in Rosemount; and ',
WHEREAS, the use of CDBG funds for the purpose of property acquisition at 14635 Burma II,
Avenue meets the federal objective of elimination of slums and blight. '�i
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Rosemount ��
' hereby approves the expenditure of$7,302 from the Dakota County Small Cities CDBG fund '
for the acquisition of property at 14635 Burma Avenue.
ADOPTED this Sth day of August, 1997.
Cathy Busho, Mayor
ATTEST:
Susan M. Walsh, City Clerk
Motion by: Seconded by:
Voted in favor:
Voted against: