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07-09 Resolution No. 12222RESOLUTION NO. 12222 RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES PRE- DEVELOPMENT FUNDING AND AUTHORIZING APPLICATION FOR GRANT FUNDS WHEREAS, the City of Richfield is a participant in the Livable Communities Act’s Local Housing Incentives Account Program for 2024 as determined by the Metropolitan Council, and is therefore eligible to apply for Livable Communities Act Pre-Development (Pre-Development) grant funds; and WHEREAS, the City has identified a proposed project within the City that meets the Pre-Development Account 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 administration; 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 agrees to act as legal sponsor for the project contained in the grant application submitted on July 22, 2024; and WHEREAS, the City acknowledges Pre-Development 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 can be replicated in other metropolitan-area communities; and WHEREAS, only a limited amount of grant funding is available through the Metropolitan Council’s Pre-Development grants 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 Pre- Development grant funding. NOW, THEREFORE, BE IT RESOLVED 1.It 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. 2.The project components for which Pre-Development grant funding is sought will not occur solely through private or other public investment within the reasonably foreseeable future and will occur within two years after a grant award only if Pre- Development funding is made available for this project at this time. 3.Represents that the City has undertaken reasonable and good faith efforts to procure funding for the project components for which Livable Communities Demonstration Account funding is sought but was not able to find or secure from other sources funding that is necessary for project component completion within two years and states that this representation is based on the following reasons and supporting facts: the Metropolitan Council LCA Pre-Development Program is one of the few, if only, funding programs that provides pre-development funding. 4.List project or projects applied for here: Project Name Amount Requested Penn Station 6501-25 Penn Avenue S $100,000 5.Staff is authorized to submit on behalf of the City an application for Metropolitan Council Pre-Development 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 9th day of July, 2024. Mary B. Supple, Mayor ATTEST: Michelle Friedrich, City Clerk