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04-28 Resolution No. 11734 RESOLUTION NO. 11734 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 2020 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, 6501 Penn Avenue, 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 1 Resolution No. 11734 the grant award (two years for Pre-Development grants and three years for Development grants) only if Livable Communities LCDA 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 this 28th day of April, 2020. __________________________ Maria Regan Gonzalez, Mayor ATTEST: _________________________________ Elizabeth VanHoose, City Clerk 2 Resolution No. 11734