06-12 Resolution No. 11506
RESOLUTION NO. 11506
RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES
DEMONSTRATION ACCOUNT (“LCDA”) FUNDING AND AUTHORIZING AN
APPLICATION FOR GRANT FUNDS
WHEREAS
, the City is a participant in the Metropolitan Livable Communities Act
(“LCA”) Local Housing Incentives Account Program for 2018 as determined by the
Metropolitan Council, and is therefore eligible to apply for LCA Livable Communities
Demonstration Account funds; and
WHEREAS
, the City has identified a proposed project(s) within the City that
meets LCDA purposes and criteria and are consistent with and promote 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
adequately manage an LCDA grant; and
WHEREAS
, the City certifies that it will comply with all applicable laws and
regulations as stated in the grant agreement; and
WHEREAS
, the City acknowledges LCDA grants are intended to fund projects or
project components that can serve as models, examples or prototypes for LCDA
development or redevelopment 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 LCDA initiative 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 LCDA
grant funding.
NOW, THEREFORE, BE IT RESOLVED
that, after appropriate examination and
due consideration, the governing body of the City:
1. Finds that it is in the best interests of the City’s development goals and
priorities for the proposed LCDA Project(s) to occur at this particular site and
at this particular time.
2. Finds that the LCDA Project component(s) for which Livable Communities
LCDA funding is sought: (a) will not occur solely through private or other
public investment within the reasonably foreseeable future; and (b) will occur
within the term of the grant award (two years for Pre-Development grants and
three years for Development grants) only if Livable Communities LCDA
Resolution No. 11506
funding is made available for this project(s) at this time.
3. Authorizes its staff to submit on behalf of the City one or more applications for
Metropolitan Council Livable Communities LCDA grant funds for the LCDA
Project components identified in the application, and to execute such
agreements as may be necessary to implement the LCDA Project on behalf
of the City.
Adopted by the City Council of the City of Richfield, Minnesota this 12th day of
June, 2018.
Pat Elliott, Mayor
ATTEST:
cdyElizabeth VanHoose, City Clerk
Resolution No.11506