HomeMy WebLinkAbout24-11 - ADMIN Resolution - Economic Development Authority - 2024/07/08
EDA Resolution No. 24 - 11
Authorizing application for the Metropolitan Council tax base revitalization
account on behalf of Loffler Companies
Whereas, the City of St. Louis Park is a participant in the Livable Communities Act's
Housing Incentives Program for 2024 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
a TOD project site within the city that meets the pre-development grant’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 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 July 22, 2024;
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 project on behalf
of the applicant.
Reviewed for administration: Adopted by the Economic Development
Authority July 8, 2024
Karen Barton, executive director Lynette Dumalag, president
Attest
Melissa Kennedy, city clerk
Docusign Envelope ID: 92019166-42B4-412A-B7CE-CA5552076240