HomeMy WebLinkAboutIV.B - Proposed FIP Resolution ChangeThis instrument drafted by:
City of Hastings
101 East 4th Street
Hastings, MN 55033
CITY OF HASTINGS
DAKOTA COUNTY, MINNESOTA
HEDRA RESOLUTION NO. XXXX-XX
A RESOLUTION OF THE HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
(HEDRA) APPROVING FAÇADE IMPROVEMENT PROGRAM GRANT FOR INSERT PROPERTY ADDRESS
WHEREAS, On November 10th, 2021 HEDRA adopted a Façade Improvement Program; and
WHEREAS, HEDRA received an application from INSERT APPLICANT (“Applicant”) for eligible
improvements at INSERT PROPERTY ADDRESS; and
WHEREAS, the total eligible expenses for the proposed scope of work has a cost of INSERT
TOTAL PROJECT COST; and
WHEREAS, HEDRA recognizes that there may be changes in the quoted price and the final
invoiced price
WHEREAS, the Façade Improvement Program requires a 2:1 match of private dollars to any
grant dollars provided by HEDRA up to the maximum amount allowed by HEDRA; and
WHEREAS, grant dollars shall be disbursed in a reimbursement fashion once the Applicant has
completed all proposed improvements and received approval for any permits and inspections; and
WHEREAS, the Applicant shall submit receipts for reimbursement within (6) six months of
receiving final grant approval or face forfeiture of the grant funds in their entirety unless an extension is
requested and approved by HEDRA; and
NOW THEREFORE BE IT RESOLVED, That HEDRA approves of a façade improvement program
grant to INSERT APPLICANT in the amount of THE LESSER AMOUNT OF ONE THIRD OF THE TOTAL
ELIGIBLE PROJECT COST OR $5,000
ADOPTED BY THE HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
THIS INSERT DATE.
Benjamin Anderson, President
Alexander Menke, Secretary