HomeMy WebLinkAboutEDA RES 2014-1201N*X41*11 151[11--n�11-1 -1 ... ff - -- -
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WHEREAS the City Of Columbia Heights ("Clity")-is a participant in the
Metropolitan Livable Communities Act ("LCA") Local Housing Incentives Program for
20,14 as determined by the Metropolitan Councit, and is therefore eligible to apply for LCA
Livable Communities Demonstration Account and Tax Base Revitalization Account Transit
Oriented Development (collectively, "TOD") funds; and
WHEREAS the City has identified a proposed project within the City that meets
TOD 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
adequately manage a LCA-TOD 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 TOD grants are intended to fund projects or
project components that can serve as models, examples or prototypes for ,rOD 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 rnetropolitan-area
communities; and
WHEREAS only a limited amount of grant funding is available through the
Metropolitan Council's Livable Communities TOD 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 TOD grant funding.
NOW THEREFORE BE tT RESOLVED that, after appropriate examination and due
consideration, the governing body of the City:
I Finds that it is in the best interests of the City's development goals and priorities for the
proposed TOD Project to occur at this particular site and at this particular time.
2. Finds that the TOD Project component(s) for which. Livable Communities TOD 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, one year for Cleanup Site
Investigation grants and three years for Cleanup grants) only if Livable
Communities 'TOD funding is made available for this project at this time,
3. As a participant in the Metropolitan Council's Livable Communities Local Housing
Incentives Account program, supports the application, and any resulting funding award,
for the Columbia Heights Senior Development being submitted by the Columbia Heights
Economic Development Authority.
Approved by the Board of Commissioners of the Columbia Heights Economic Development
Authority this 2"J day of September, 2014,
Roll Ca I I :
Ayes: Szurek, Williams, Schmitt, Peterson
Nays: Herringer and Nawrocki
MOTION PASSED
Secretary
IN
President