HomeMy WebLinkAbout14-068 - ADMIN Resolution - City Council - 2014/05/19RESOLUTION NO. 14-068
RESOLUTION AUTHORIZING AN APPLICATION
TO THE METROPOLITAN COUNCIL TRANSIT
ORIENTED DEVELOPMENT PRE -DEVELOPMENT ACCOUNT
ON BEHALF OF PLACE
WHEREAS, the City of St. Louis Park is a participant in the Metropolitan Livable
Communities Act ("LCA") Local Housing Incentives Program for 2014 as determined by the
Metropolitan Council, and is therefore eligible to apply for LCA Livable Communities
Demonstration Account Transit Oriented Development (collectively, "TOD") funds; and
WHEREAS, the City has identified a proposed TOD Project within the City that meets
TOD purposes and cntena 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
adequately manage an LCA TOD grant; 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 TOD grants are intended to fund TOD Projects or
TOD 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 TOD Project or key components of the proposed TOD 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 TOD initiative during each funding cycle and the
Metropolitan Council has determined it is appropriate to allocate those scarce grant funds only
to eligible TOD Projects that would not occur without the availability of TOD grant funding.
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 pnonties
to pursue the proposed TOD Project at this particular site and at this particular time.
2. Finds that the TOD Project component(s) for which Livable Communities TOD
funding is sought:
a) will not occur solely through pnvate or other public investment within the
reasonably foreseeable future; and
b) will occur within the term of the grant award only if Livable Communities
TOD funding is made available for this TOD Project at this time.
3. Authorizes its City Staff to submit on behalf of the City an application for
Metropolitan Council Livable Communities TOD grant funds for the TOD Project
Resolution No. 14-068 2-
component(s) identified in the application, and to execute such agreements as may be
necessary to implement the TOD Project on behalf of the City.
Rev' r Administration:
117'41
1111
Cit
Attest:
City Clerk 0
A opted Council May 19, 2013
Mayor