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072125 Resolution No. 1511 LCA Grant ApplicationRESOLUTION NO. 1511 RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES ACT FUNDING AND AUTHORIZING APPLICATION FOR GRANT FUNDS WHEREAS the City of Richfield is a participant in the Livable Communities Act's Local Housing Incentives Program for 2025 as determined by the Metropolitan Council, and the City's Housing and Redevelopment Authority (the "HRA") is therefore eligible to apply for funds under the Livable Communities Demonstration Account funds ("LCDA"); and WHEREAS, the HRA has identified a proposed project within the City that meets the grant program'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 HRA has the institutional, managerial, and financial capability to ensure adequate project and grant administration; and WHEREAS the HRA certifies that it will comply with all applicable laws and regulations as stated in the contract grant agreement; and WHEREAS the HRA agrees to act as legal sponsor for the project contained in the grant application submitted on July 21, 2025; and WHEREAS, the HRA acknowledges Livable Communities Act grants are intended to fund projects or project components that can serve as models, examples or prototypes in the region, and therefore represents that the proposed project(s) or key components of the proposed project(s) 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 Act programs 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 grant funding. NOW THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the HRA: 1. Finds that it is in the best interests of the City's development goals and priorities for the proposed project or projects to occur at this particular time. 2. Finds that the project components for which Livable Communities Act funding is sought: a. will not occur solely through private or other public investment within the reasonably foreseeable future; and b. will occur within two years after a grant award only if Livable Communities Act 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 Act 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. 4. Authorizes its Chair and Executive Director to submit on behalf of the HRA an application or applications for Metropolitan Council Livable Communities Act grant funds for the project component(s) identified in the application(s), and to execute such agreements as may be necessary to implement the project(s) on behalf of the HRA. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 21st day of July 2025. r Erin frie'29fDaniels, Chair ATTEST: k �V/ Sean Hayford Oleary, Secretary