Resolution Number 07-25
RESOLUTION NUMBER 07-25
APPLICATION TO THE MHFA GREATER MINNESOTA HOUSING PUBLIC INFRASTRUCTURE GRANT
BE IT RESOLVED that the City of Mountain Iron is hereby applying to the Minnesota Housing Finance Agency’s (MHFA) Greater Minnesota Housing Public Infrastructure Grant in the amount of $400,000.
BE IT FURTHER RESOLVED that the City of Mountain Iron estimates the total cost of the public infrastructure improvements to be $1,000,000.
BE IT FURTHER RESOLVED that the City of Mountain Iron will commit the following matching sources and amounts to the project:
Iron Range Resource and Rehabilitation Grant, $400,000
Mountain Iron Economic Development Authority Funds, $200,000
BE IT FURTHER RESOLVED that the City of Mountain Iron has the legal authority to apply for the grant, and the financial, technical, and managerial capacity to financially provide for and ensure proper construction, operation, and maintenance of the project for its design life.
DULY ADOPTED BY THE CITY COUNCIL THIS 2nd DAY OF JUNE, 2025.
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Mayor Peggy Anderson
ATTEST:
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City Administrator
