HomeMy WebLinkAbout21-20 - ADMIN Resolution - Economic Development Authority - 2021/08/16EDA Resolution No. 21-20
Resolution authorizing an application
to the Metropolitan Council Livable Communities Demonstration Account
on behalf of Beltline Residences
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 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 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 Beltline Residences 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, August 16, 2021.
DocuSign Envelope ID: B92D92C8-6420-458A-92BD-CCB73CC6D1B1
EDA Resolution No. 21-120 2
Reviewed for administration: Adopted by the Economic Development
Authority August 16, 2021
Karen Barton, executive director Tim Brausen, president
Attest:
Melissa Kennedy, secretary
DocuSign Envelope ID: B92D92C8-6420-458A-92BD-CCB73CC6D1B1