HomeMy WebLinkAbout17-10 - ADMIN Resolution - Economic Development Authority - 2017/04/17ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
EDA RESOLUTION NO. 17-10
RESOLUTION AUTHORIZING AN APPLICATION
TO THE METROPOLITAN COUNCIL LIVABLE COMMUNITIES TRANSIT
ORIENTED DEVELOPMENT FUNDING ON BEHALF OF PLACE
WHEREAS, the St. Louis Park Economic Development Authority ("EDA") is eligible to
apply for Livable Communities Demonstration Account funds on behalf of cities participating in
the Livable Communities Act's ("LCA") Housing Incentives Program for 2015 as determined by
the Metropolitan Council; and
WHEREAS, the EDA has identified a proposed TOD Project within the City of St. Louis
Park 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
adequate 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 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 Demonstration Account 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 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 for the project components identified in the application, and
to execute such agreements as may be necessary to implement the projects on behalf of the St.
Louiark EDA, where the project is located.
Reviewed for ministration: Adopted by the Economic Development
Authority, April 17, 2017
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Thom4YeR�l cutive Director Anne Mavity, President
Attest
4Me Kenne , Secretary