08-14-2024 Resolution 12228RESOLUTION NO. 12228
RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES
DEMONSTRATION ACCOUNT 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 Demonstration
Account (LCDA) Development grant funds; and
WHEREAS, the City has identified a proposed project within the City that meets
the LCDA 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 by August 12, 2024; and
WHEREAS, the City acknowledges LCDA 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 LCDA 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 LCDA 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 LCDA grant funding is sought will not occur
solely through private or other public investment within the reasonably
foreseeable future and will occur within three years after a grant award only if
LCDA funding is made available for this project at this time.
3.The City has undertaken reasonable and good faith efforts to procure funding for
the project components for which LCDA grant funding is sought but was not able
to find or secure from other sources, funding that is necessary for project
component completion within three years and states that this representation is
based on the following reasons and supporting facts: the project requires
significant funding to cover the costs of redeveloping an existing small site,
providing 100% affordability at 30% and 50% of the Area Median Income (AMI),
providing supportive services, and increased construction costs.
Project Name Amount Requested
Aster Commons (6613-25 Portland Ave S) $1,000,000
4.Staff is authorized to submit on behalf of the City an application for Metropolitan
Council LCDA 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 14th day of
August, 2024.
Mary B. Supple, Mayor
ATTEST:
Michelle Friedrich, City Clerk