RES 12-41RESOLUTION NO.: 2012 - 41
CITY OF OTSEGO
COUNTY OF WRIGHT, MINNESOTA
A RESOLUTION SUPPORTING A TAX CREDIT APPLICATION FOR A MULTIPLE
FAMILY HOUSING PROJECT KNOWN AS THE COVES AT OTSEGO.
WHEREAS, Podawiltz Development Corporation through The Coves at Otsego
Limited Partnership has proposed to build a 35 unit multiple family housing development
in the City of Otsego; and,
WHEREAS, the proposed 35 units are within the Remington Coves subdivision
and were initially approved by the City Council on 9 May 2005; and,
WHEREAS, the proposed 35 units will comply with the prior approvals of the City
of Otsego and all stipulations thereof; and,
WHEREAS, the proposal for The Coves at Otsego Limited Partnership to acquire
and develop the proposed 35 dwelling units was presented to the City Council at their
regular meeting on 14 May 2012; and,
WHEREAS, the housing units proposed are in short supply and meet the needs
of the City of Otsego; and,
WHEREAS, the success of the application for a Federal tax credit is predicated
on local support of the proposed housing.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Otsego
that the City Council supports application for the Federal tax credits for a 35 unit
multiple family housing project known as The Coves at Otsego.
MOTION BY: CM HEIDNER
SECOND BY: CM SCHARBER
ALL IN FAVOR: MAYORSTOCKAMP; COUNCILMEMBERS: HEIDNER, SCHARBER, DARKENWALD AND
SCHROEDER
THOSE OPPOSED: NONE
ADOPTED by the City Council of the City of Otsego this 14th day of May,
2012.
ATTEST: jap-y-- 'y\ - AQki=
Tami Loff, City Clerk
CITY OF OTSEGO
BY: QKQ
Jes ca L. Stockamp, Mayor
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