Loading...
HomeMy WebLinkAbout11-080 - ADMIN Resolution - City Council - 2011/08/15RESOLUTION NO. 11-080 RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT FUNDING AND AUTHORIZING AN APPLICATION FOR GRANT FUNDS FOR PRE -DEVELOPMENT STUDY OF THE FUTURE LOUISIANA AVENUE LRT STATION AREA ON THE SOUTHWEST TRANSITWAY WHEREAS, the City of St. Louis Park is a participant in the Livable Communities Act's Housing Incentives Program for 2011 as determined by the Metropolitan Council, and is therefore eligible to apply for Livable Communities Demonstration Account funds; and WHEREAS, the City has identified the future Beltline LRT station area as a location that meets the Demonstration Account'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 City has the institutional, managenal 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 15, 2011; and WHEREAS, the City acknowledges Livable Communities Demonstration Account Pre - Development grants are intended to fund activities that can prepare projects to apply for the LCDA Development Grant category; and WHEREAS, only a limited amount of grant funding is available through the Metropolitan Council's Livable Communities Demonstration Account 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 Demonstration Account grant funding. NOW THEREFORE BE IT RESOLVED that the City Council of St. Louis Park, after appropriate examination and due consideration: 1. Finds that it is in the best interests of the City's development goals and priorities for the proposed activities to be performed for the Beltline LRT project area site, as identified in the application, and at this particular time. 2. Finds that the project component(s) 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 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. Resolution No. 11-080 -2- 3. Represents that the City has undertaken reasonable and good faith efforts to procure funding for the project activities 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 completion of the activities within two years and states that this representation is based on the following reasons and supporting facts: a. There are no City funds budgeted for 'the purposes of the project activities beyond those provided as matching funds. b. Due to continuing projected budgetary shortfalls, it is not expected that additional City funds will become available within the timeframe cited in the application. c. No other known outside sources are projected to be available to fund the project activities within the timeframe cited in the application. 4. Authorizes its Community Development Director to submit on behalf of the City an application for Metropolitan Council Livable Communities Demonstration Account Pre - Development Grant funds for the project activities identified in the application, and to execute such agreements as may be necessary to implement the project on behalf of the City. Revi d r Administration City Mana Attest: City Clerk Ado te the City Council August 15, 2011 r� Mayo l.�