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EXTRACT OF MINUTES OF MEETING OF THE CITY OF ROSEVILLE Pursuant to due call and notice thereof, a regular meeting of the City of Roseville, County of Rarnsey, Minnesota, was duly called and held at the City Hall on Monday, the 27" day of March, 2006, at 6:04 p.m. The following members were present: and the following were absent: Council Member introduced the following resolution and moved its adoption: Resolution No. XXXX RESOLUTION IN SUPPORT FOR CENTRAL COMMUNITY HOUSING TRUST APPLICATION FOR RAMSEY COUNTY COMMUNITY DEVELOPMENT BLOCK GRANTS (CDSG}IHOME INVESTMENT PARTNERSHIP (HOME) FUNDS IN 2006 FOR THE PURCHASE OF HAR MAR APARTMENT WHEREAS, the Har Mar Apartments, located in the City of Roseville was identified by the City as an apartment complex in need of renovation; and WHEREAS, the Har Mar Apartments with a 50°/o vacancy rate is struggling in the market place and in need of reinvestment; and WHEREAS, the Har Mar Apartments is in need of moderate to substantial rehabilitation, as well as new marketing and management strategy; and WHEREAS, Central Community Housing Trust, a reputable Twin Cities affordable housing developer proposed to renovate the Har Mar Apartments and build new units at the site in Roseville with a mix of affordable and work force housing apartments. NOW THEREFORE BE IT RESOLVED THAT the City of Roseville hereby supports and strongly recommends funding to Central Community Housing Trust for the purchase of the Har Mar Apartments with the goal to renovate the existing unit mix and make considerable improvements to the building exteriors, add landscaping, recreation areas, and significantly improve the curb appeal to convey current apartment community trends. Adopted by the Roseville City Council this 27�� day of March, 2006.