97-8515r
90
RESOLUTION NO. 8515
RESOLUTION ELECTING TO CONTINUE PARTICIPATING IN THE
LOCAL HOUSING INCENTIVE ACCOUNT PROGRAM UNDER
THE METROPOLITAN LIVABLE COMMUNITIES ACT
CALENDAR YEAR 1998
WHEREAS, the Metropolitan Livable Communities Act (Minnesota Statutes Section
473.25 to 473.254) establishes a Metropolitan Livable Communities Fund which is intended
to address housing and other development issues facing the Metropolitan Area defined by
Minnesota Statues Section 473.121; and
WHEREAS, the Metropolitan Livable Communities Fund, comprising the Tax Base
Revitalization Account, the Livable Communities Demonstration Account and the Local
Housing Incentive Account, is intended to provide certain funding and other assistance to
metropolitan area municipalities; and
WHEREAS, a metropolitan area municipality is not eligible to receive grants or loans
under the Metropolitan Livable Communities Fund or eligible to receive certain polluted
sites cleanup funding from the Minnesota Department of Trade and Economic Development
unless the municipality is participating in the Local Housing Incentives Account Program
under the Minnesota Statues Section 473.254; and
WHEREAS, the Metropolitan Livable Communities Act requires the Metropolitan
Council to negotiate with each municipality to establish affordable and life-cycle housing
goals for that municipality that are consistent with and promote the policies of the
Metropolitan Council as provided in the adopted Metropolitan Development Guide; and
WHEREAS, each municipality must identify to the Metropolitan Council the actions
the municipality plans to take to meet the established housing goals through preparation of
the Housing Action Plan; and
WHEREAS, a metropolitan area municipality which elects to participate in the Local
Housing Incentives Account Program must do so by November 15 of each year; and
WHEREAS, for calendar year 1998, a metropolitan area municipality that did not .
participate in the Local Housing Incentive Account Program during the calendar year 1997,
can participate under Minnesota Statues Section 473.254 only if: (a) the municipality elects
to participate in the Local HousingJncentives Account Program by November 15, 1997; and
(b) the Metropolitan Council and the municipality have successfully negotiated affordable
and life-cycle housing goals for the municipality.
NOW, THEREFORE, BE IT RESOLVED that the City of Richfield hereby elects to
participate in the Local Housing Incentives Program under the Metropolitan Livable
Communities Act during the calendar year 1998.
Octobe~,d~g~~d. by the City Council of the City of RiC~d,~~~~sota thiL7th,9a of
/ J1A " ," _
Martin J. Kirs ayor
ATTEST:
~~LJ
Thomas P. Ferber, City Clerk
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