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HomeMy WebLinkAbout97 - 130 - ADMIN Resolution - City Council - 1997/10/061 RESOLUTION NO. 7 7- 1 3 0 RESOLUTION ELECTING TO PARTICIPATE IN THE LOCAL HOUSING INCENTIVES ACCOUNT PROGRAM UNDER THE METROPOLITAN LIVABLE COMMUNITIES ACT CALENDAR YEAR 1998 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 receive 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 required 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, in order for a municipality to be eligible to receive grants or loans under the Metropolitan Livable Communities Fund, the Metropolitan Council was required to 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 1998, a metropolitan area municipality can participate under Minnesota Statutes Section 173.254, only if; (a) the municipality elects to participate in the Local Housing Incentives Account Program by November 15, 1997; (b) the Metropolitan Council and the municipality have successfully negotiated affordable and life -cycle housing goals for the municipality, and (c) by January 15, 1996, the Metropolitan Council adopted by resolution the negotiated affordable and life -cycle housing goals for each municipality; and 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 WHEREAS, the Metropolitan Council adopted by resolution after public hearing the negotiated affordable and Life -cycle housing goals for the City of St. Louis Park; and WHEREAS, the City of St. Louis Park adopted by resolution on November 4, 1996, and submitted to the Metropolitan Council a 1996 - 2000 Housing Action Plan stating how St. Louis Park will meet its housing goals; and WHEREAS, upon the adoption of this resolution, the City of St. Louis Park will have fulfilled all requirements to be eligible to receive funds authorized by the Metropolitan Livable Communities Act (1995 Minnesota Laws Chapter 255) and to receive certain polluted sites cleanup funding from the Minnesota Department of trade and Economic Development. 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 1998. Adopted by City Council October 6, 1997 ATTEST: • Ci Clerk ,:‘,„,.,____ Reviewed for administration: City Manager A7 --"X4(