HomeMy WebLinkAbout12-046 - ADMIN Resolution - City Council - 2012/03/19RESOLUTION NO. 12-046
RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES
TRANSIT ORIENTED DEVELOPMENT FUNDING, AUTHORIZING APPLICATIONS
FOR GRANT FUNDS, AND AMENDING RESOLUTION NO. 12-038
WHEREAS, the City of St. Louis Park is a participant in the Metropolitan Livable
Communities Act ("LCA") Local Housing Incentives Program for 2012 as determined by the
Metropolitan Council, 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 proposed projects within the City that meet TOD
purposes and criteria and are consistent with and promote 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 the requested LCA TOD grants; 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 Livable Communities TOD grants are intended to
fund projects or project components that can serve as models, examples or prototypes for TOD
development or redevelopment elsewhere in the region, and therefore represents that the
proposed projects or key components of the proposed projects 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 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; and
WHEREAS cities may submit grant applications for up to three TOD Demonstration
Account projects and up to six TOD Tax Base Revitalization Account during each funding cycle,
but, using the city's own internal ranking processes, must rank their projects by priority so the
Metropolitan Council may consider those priority rankings as it reviews applications and makes
grant awards.
NOW THEREFORE BE IT RESOLVED that, after appropriate examination and
consideration, the governing body of the City:
1. Finds that it is in the best interests of the City's development goals and priorities for the
proposed projects to occur at the sites indicated in the grant applications at this particular
time.
2. Finds that the TOD Project components 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
Resolution No. 12-046 -2-
(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 these projects at this time.
3. Ranks the TOD Project funding applications, according to the City's own internal
priorities, in the following order: (List grant applications here; the total number of
Development and Pre -Development grant applications from the City cannot exceed three
and Tax Base Revitalization Account grant applications cannot exceed six. Funding
requests for both TBRA and LCDA grant funds listed in the same application will be
counted as separate applications for purposes of the limit of numbers of applications.)
Priority
LCDA' TOD Project Names e
Grant Amount Requested,
1
Louisiana Ave Redevelopment Area
$1,897,832
2
"e2" (Ellipse on Excelsior II)
$253,150
3
Walker -Lake LRT Redevelopment Area
$40,000
Priority '
TBRA.TOD °Project N, ames- , ',
Grant Amount, Requested
1
Louisiana Ave Redevelopment Area
$45,000
4. Authorizes its Community Development Director to submit on behalf of the City
applications for Metropolitan Council Livable Communities TOD grant funds for the TOD
oject components identified in the applications, and to execute such agreements as may
be ecessary to implement the projects on behalf of the City.
t
Revi
r Administration
City
Attest:
City Clerk
Adopted by the City Council March 19, 2012 4-ThMa��r