HomeMy WebLinkAbout06-132 - ADMIN Resolution - City Council - 2006/08/07RESOLUTION NO. 06-132
RESOLUTION IDENTIFYING THE NEED FOR
LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT FUNDING AND
AUTHORIZING AN APPLICATION FOR GRANT FUNDS
FINDINGS
WHEREAS the City of Saint Louis Park is a participant in the Livable Communities
Act's Housing Incentives Program for 2006 as determined by the Metropolitan Council, and is
therefore eligible to apply for Livable Communities Demonstration Account funds, and
WHEREAS the City has identified a proposed project within the City that meets the
Demonstration Account's purposes and cnteria 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 on July 17, 2006, and
WHEREAS the City acknowledges Livable Communities Demonstration Account 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 or key components of 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 Livable Communities Demonstration Account dunng each funding cycle and the
Metropolitan Council has determined it is appropnate to allocate those scarce grant funds only to
eligible projects that would not occur without the availability of Demonstration Account grant
funding
CONCLUSION
NOW THEREFORE BE IT RESOLVED that, after appropriate examination and due
consideration, the governing body of the City.
1. Finds that it is in the best interests of the City's development goals and pnorities for the
proposed project to occur at this particular site and at this particular time
2. Finds that the project components for which Livable Communities Demonstration Account
funding is sought:
(a) will not occur solely through private or other public investment within the reasonably
foreseeable future; and
Resolution No. 06-132 -2-
(b) will not occur within two years after a grant award unless Livable Communities
Demonstration Account 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 component for which Livable Communities Demonstration Account 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 and states that this representation is based
on the following reasons and supporting facts:
(a) The Economic Development Authority of the City of St. Louis Park has approved Tax -
Increment Financing for the Hoigaard Village project with the purpose of funding
extraordinary costs, and said Tax -Increment Financing cannot support the items for
which Livable Communities Development Account funding is sought; and
(b) The items for which Livable Communities Development Account funding is sought are
not currently included in the City's Capital Improvement Plan, and therefore could not
be completed using this source within the project's stated timeline.
4. Authonzes its Community Development Director to submit on behalf of the City an
application for Metropolitan Council Livable Communities Demonstration Account grant
funds for the project component(s) identified in the application, and to execute such
agreements as may be necessary to implement the project on behalf of the City.
Revie e
for Administration.
I■ak�
City l' .rager Mayor
Adopted by the City Council August 7, 2006
Attest:
City Clerk c C