HomeMy WebLinkAbout20-16 - ADMIN Resolution - Economic Development Authority - 2020/07/06EDA Resolution No. 20-16
Resolution authorizing an application
to the Metropolitan Council Livable Communities Demonstration Account
on behalf of Texa-Tonka Residential
Whereas, the St. Louis Park Economic Development Authority (“EDA”) is a participant in
the Livable Communities Act (“LCA”) Housing Incentives Program for 2020 as determined by the
Metropolitan Council, and is therefore eligible to apply for Livable Communities Demonstration
Account (LCDA) funds; and
Whereas, the EDA has identified a proposed project within the city 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 EDA has the institutional, managerial and financial capability to ensure
adequately project administration; and
Whereas, the EDA certifies that it will comply with all applicable laws and regulations as
stated in the grant agreement; and
Whereas, the EDA acknowledges LCDA grants are intended to fund projects or project
components that can serve as models, examples or prototypes for development or
redevelopment 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 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 St. Louis Park EDA authorizes its Executive Director
to submit an application for Metropolitan Council Livable Communities Demonstration Account
grant funds on behalf of Texa-Tonka Residential 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 St. Louis Park EDA, where the project is located.
I certify that the above resolution was adopted by the St. Louis Park Economic
Development Authority on, July 6, 2020.
DocuSign Envelope ID: 9368CE2D-97C6-468C-BED0-FD078E57BF1A
EDA Resolution No. 20-16 2
Reviewed for administration: Adopted by the Economic Development
Authority July 6, 2020
Thomas K. Harmening, executive director Rachel Harris, president
Attest:
Melissa Kennedy, secretary
DocuSign Envelope ID: 9368CE2D-97C6-468C-BED0-FD078E57BF1A