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HomeMy WebLinkAbout96-170 - ADMIN Resolution - City Council - 1996/11/04RESOLUTION NO. 96-170 RESOLUTION ELECTING TO PARTICIPATE IN THE LOCAL HOUSING INCENTIVES ACCOUNT PROGRAM UNDER THE METROPOLITAN LIVABLE COMMUNITIES ACT CALENDAR YEAR 1997 WHEREAS, the Metropolitan Livable Communities Act (1995 Minnesota Laws Chapter 255) establishes a Metropolitan Livable Communities Fund which is intended to address housing and other development issues facing the metropolitan area defined by Minnesota Statutes section 473 121, and WHEREAS, the Metropolitan Livable Communities Fund, comprising the Tax Base Revitalization Account, the Livable Communities Demonstration Account and the Local Housing Incentives Account, is intended to provide certain funding and other assistance to metropolitan area municipalities, and WHEREAS, a metropolitan area municipality is not eligible to receive grants or loans under the Metropolitan Livable Communities Fund or eligible to ieceivc certain polluted sites cleanup funding from the Minnesota Department of Trade and Economic Development unless the municipality is participating in the Local Housing Incentives Account Program under the Minnesota Statutes section 473 254 and WHEREAS, the Metropolitan Livable Communities Act requires the Metropolitan Council to negotiate with each municipality to establish affordable and life -cycle housing goals for that municipality that are consistent with and promote the policies of the Metropolitan Council as provided in the adopted Metropolitan Development Guide, and WHEREAS, the Metropolitan Council must adopt, by resolution after a public hearing, the negotiated affordable and life -cycle housing goals for each municipality by January 15, 1996, and WHEREAS, a metropolitan area municipality which elects to participate in the Local Housing Incentives Account Program must do so by November 15 of each year, and WHEREAS, for calendar year 1997, a metropolitan area municipality can participate under Minnesota Statues section 173 254, only if, (a) the municipality elects to participate in the Local Housing incentives Account Program by November 15, 1996, (b) the Metropolitan Council and the municipality successfully negotiate affordable and life -cycle housing goals for the municipality, and (c) by January 15, 1996 the Metropolitan Council adopts by resolution the negotiated affordable and life -cycle housing goals for each municipality, WHEREAS, the City of St Louis Park has identified the actions the City plans to take to meet the established housing goals and has submitted these to the Metropolitan Council, and NOW, THEREFORE, BE IT RESOLVED THAT the City of St Louis Park hereby elects to participate in the Local Housing Incentives Program under the Metropolitan Livable Communities act during calendar year 1997 ATTEST Reviewed for administration City Manager c:projects/livccn/hsg res Adopted by City Council November 4, 1996