Ordinance 075CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
6W ORDINANCE NO. 75
AN ORDINANCE AUTHORIZING THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF CHANHASSEN TO EXERCISE, ON BEHALF OF
THE CITY OF CHANHASSEN, THE POWERS CONFERRED BY MINNESOTA
STATUTES, SECTION 462C.01 to 462C.08.
WHEREAS, the Housing and Redevelopment Authority in and for
the City of Chanhassen (the "HRA") has been duly organized as a
housing and redevelopment authority under the provisions of the
Municipal Housing and Redevelopment Act; and
WHEREAS, the Legislature has enacted Minnesota Statutes,
,Chapter 462C (the "Municipal Housing Finance Act") to regulate
the planning and implementation of single family housing programs
and multifamily housing developments and has provided for the
financing of such programs and developments pursuant to its terms
only; and
WHEREAS, pursuant to the Municipal Housing Finance Act, a
city is authorized to enact a housing plan, to make or purchase
mortgage loans to finance the acquisition of single family
housing and multifamily housing and to issue revenue bonds to
provide funds therefor, such bonds to be issued after adoption of
a housing plan and program and approval thereof; and
WHEREAS, pursuant to the Municipal Housing Finance Act, a
city has the power to authorize a housing and redevelopment
authority acting within the city to exercise, on behalf of the
city, the powers conferred by Minnesota Statutes, Sections
462C.01 to 462C.08.
NOW, THEREFORE, BE IT ORDAINED By the City Council of the
City of Chanhassen:
The HRA is hereby authorized to exercise on behalf of the
City of Chanhassen, all of the powers conferred by Minnesota
Statutes, Sections 462C.01 to 462C.08, including without limita-
tion, the power to adopt a housing plan and program and to issue
and sell mortgage revenue bonds for single family housing.
Passed and adopted by the City Council of the City of
Chanhassen this 7th day of November, 1983.
ATTEST:
n
Don Ashworth, City Clerk/Manager Thomas L. Hamilton, Mayor
(Published in the Carver County Herald on November 16 , 1983).