HomeMy WebLinkAbout23-07 - ADMIN Resolution - Economic Development Authority - 2023/04/17EDA Resolution No. 23-07
Resolution authorizing application for the Metropolitan Council
Pre-Development Grant on behalf of the Minnetonka
Boulevard Affordable Townhome Project
Whereas, the City of St. Louis Park is a participant in the Livable Communities Act's
Housing Incentives Program for 2023 as determined by the Metropolitan Council, and is
therefore eligible to make application for funds under the LCA Livable Communities Act
Programs; and
Whereas, the St. Louis Park Economic Development Authority (Authority) has identified
an affordable housing project within the city that meets the Pre-development grant's 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 Authority has the institutional, managerial and financial capability to
ensure adequate project administration; and
Whereas, the Authority certifies that it will comply with all applicable laws and
regulations as stated in the contract agreements; and
Whereas,, the Authority acknowledges LCA grants are intended to fund programs that
share the goals of creating more housing choice, supporting living wage jobs, and achieving
more equitable development outcomes; and
Whereas, the Authority agrees to act as legal sponsor for the project contained in the
Pre-Development grant application submitted on April 21, 2023;
Now, therefore, be it resolved that the President and Executive Director are hereby
authorized to apply to the Metropolitan Council for a Pre-development grant on behalf of the
Authority and to execute such agreements as are necessary to implement the pro ject on behalf
of the applicant.
Reviewed for administration: Adopted by the Economic Development
Authority April 17, 2023
Karen Barton, executive director Nadia Mohamed, president
Attest:
Melissa Kennedy, secretary
DocuSign Envelope ID: 2262773C-E2B7-4F78-855E-B65728EA2E42