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16-11215r RESOLUTION NO. 11215 RESOLUTION IDENTIFIYING THE NEED FOR LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT FUNDING AND AUTHORIZING AN APPLICATION FOR GRANT FUNDS FOR ASSOCIATED WITH THE CEDAR POINT SOUTH DEVELOPMENT PROJECT WHEREAS, the City of Richfield is a participant in the Livable Communities Act's Local Housing Incentives Account Program for 2016 as determined by the Metropolitan Council, and is therefore eligible to apply for Livable Communities Demonstration Account funds; and WHEREAS, the City has identified a proposed project within the City that meets the Demonstration Account's purposes and criteria and is consistent with and promotes the purposes of the Metropolitan Livable Communities Act and the policies of the Metropolitan Council's adopted metropolitan development guide; and WHEREAS, the City has the institutional, managerial and financial capability to ensure adequate project and grant administration; and WHEREAS, the City certifies that it will comply with all applicable laws and regulations as stated in the contract grant agreements; and WHEREAS, the City agrees to act as legal sponsor for the project contained in the grant application submitted on July 1, 2016; and WHEREAS, the City acknowledges Livable Communities Demonstration Account grants are intended to fund projects or project components that can serve as models, examples or prototypes for development or redevelopment projects elsewhere in the region, and therefore represents that the proposed project or key components of the proposed project can be replicated in other metropolitan-area communities; and WHEREAS, only a limited amount of grant funding is available through the Metropolitan Council's Livable Communities Demonstration Account during each funding cycle and the Metropolitan Council has determined it is appropriate to allocate those scarce grant funds only to eligible projects that would not occur without the availability of Demonstration Account grant funding. NOW, THEREFORE BE IT RESOLVED, that, after appropriate examination and . due consideration, the governing body of the City: Finds that is in the best interests of the City's development goals and priorities for the proposed project to occur at this particular site and at this particular time; Finds that the project components for which Livable Communities Demonstration Account funding is sought will not occur solely through private or other public investment within the reasonably foreseeable futures and will occur within three years after a grant award only if Livable Communities Demonstration Account funding is made available for this project at this time; and Represents that the City has undertaken reasonable and good faith efforts to procure funding for the project component for which Livable Communities Demonstration Account funding is sought but is not able to find or secure from other sources funding that is necessary for project component completion in the timeframe required for development to occur. BE IT FURTHER RESOLVED, that the City Manager or his designee is authorized to submit on behalf of the City, an application for Metropolitan Council Livable Communities Demonstration Account grant funds for the project components identified in the application, and to execute such agreements as may be necessary to implement the project on behalf of the City. Adopted by the City Council of the City of Richfield, Minnesota this 28th day of June, 2016. // + ... i ,I / Debbie Goettel, Mayor ATTEST: Elizabeth V(04/Z. n oose, City Clerk