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Housing Program and this Resolution constitute a "housing development project" within the meaning of Section 469.002, Subdivision 15, of the Act, and all activities and efforts as may be convenient or necessary to help accomplish the above -stated goals are authorized public activities and costs. The assistance anticipated to be provided in connection with the implementation of the Housing Program may include land costs, public improvement costs, construction costs, and all other costs reasonably necessary in connection with the construction of that portion of rental units constituting the housing development project. The term "moderate income" as used in the Housing Program is determined by the Board to be 130% of the median family income as established by the United States Department of Housing and Urban Development for Anoka County. 4. Public Purpose. The Board hereby further finds that the Housing Program is in the public interest; that the proposed development would not occur solely through private investment within the reasonably foreseeable future; that the Housing Program conforms to the general plan for the development or redevelopment of the City as a whole; that the anticipated development is in furtherance of long range plans of the City; and that the Housing Program is intended and, in the judgment of the Board its effect will be to promote the public purposes and accomplish the objectives specified in the Act. 5. Public Hearin. All prior actions taken by the City staff in causing a notice of public hearing to be prepared and published are hereby ratified, affirmed and approved. Adopted by the Board of Commissioners of The Housing and Redevelopment Authority in and for the City of Ramsey, Minnesota on September 27, 2011. 2 4268303v3