Item Description:
title
Neg Amd 1 to the Tasks Unlimited Training Lodge Agmt, extending term to 06/19/30, amd and restate related documents, no change to NTE
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Resolution:
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BE IT RESOLVED, that the County Administrator be authorized to negotiate Amendment 1 to the Tasks Unlimited Agreement, or affiliated entity, for Training Lodge located at 4029 Utica Avenue South, St. Louis Park, extending the contract end date from June 19, 2025 to June 19, 2030, with no change in the not to exceed amount of $224,500, and amending and restating related documents as necessary; that following review and approval by the County Attorney's Office, the Chair be authorized to sign the amendment and related documents on behalf of the county; and that the controller be authorized to disburse funds as directed.
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Background:
Tasks Unlimited Lodges is a transitional rental housing project located at 4029 Utica Avenue South in St. Louis Park. Tasks Unlimited Lodges transitional housing includes nine units, six of which are for households at or below 30 percent of Area Median Income (AMI) and three are for households at or below50 percent of AMI for individuals 18 and older, who are diagnosed with severe or persistent mental illness or have struggled with addiction. Services offered include housing recovery services, employment support, and counseling services.
The county awarded the project HOME funds in 1994 (Resolution 94-8-0625). HOME funding was used for acquisition and rehabilitation. The HOME funds were structured as a 30-year deferred loan, which comes due and payable on June 19, 2025.
Tasks Unlimited has requested an extension of this agreement to ensure the affordability of these units is maintained and to safeguard the financial success of the project.
Current Request:
This request is for authorization to negotiate Amendment 1 to Tasks Unlimited Training Lodges Agreement to extend the loan and compliance period to June 19, 2030, with no change in the not to exceed amount of $224,500.
Impact/Outcomes:
Approval of this request will facilitate strategies for preservation of affordable housing rental units.
recommendation
Recommendation from County Administrator: Recommend Approval