HomeMy WebLinkAboutResolution No. 2012-143 Authorizing Application To Metropolitan Council For Livable Community Act Tax Base Revitalization Account for Redevelopment of Pentagon Park 0
RESOLUTION NO. 2012-143
AUTHORIZING AN APPLICATION TO THE METROPOLITAN COUNCIL
FOR A LIVABLE COMMUNITY ACT TAX BASE REVITALIZATION ACCOUNT
FOR THE REDEVELOPMENT OF THE PENTAGON PARK PROPERTY
BE IT RESOLVED by the City Council of the City of Edina, Minnesota, as follows:
WHEREAS the City of Edina is a participant in the Livable Communities Act's Local Housing
Incentives Account Program for 2012 as determined by the Metropolitan Council, and is therefore
eligible to make application apply for funds under the Tax Base Revitalization Account; and
WHEREAS the City has identified a contamination clean-up project within the City that meets
the Tax Base Revitalization Account's purpose/s and criteria; and
WHEREAS the City has the institutional, managerial and financial capability to ensure
adequate project and grant administration; and
WHEREAS the City certifies that it will comply with all applicable laws and regulations as
stated in the contract grant agreements; and
WHEREAS the City finds that the required contamination cleanup will not occur through
private or other public investment within the reasonably foreseeable future without Tax Base
Revitalization Account grant funding; and
WHEREAS the City represents that it has undertaken reasonable and good faith efforts to procure
funding for the activities for which Livable Communities Act Tax Base Revitalization Account funding is
sought but was not able to find or secure from other sources funding that is necessary for cleanup
completion and states that this representation is based on the following reasons and supporting facts:
Due to existing conditions and lack of investment by the previous ownership, the property has
limited occupancy; by the end of October 2012 it will be 85% vacant.
The property's condition and value will continue to decline until it is properly repositioned and
stabilized.
Due to the extent and location of asbestos-containing materials and lead-based paint throughout
the buildings, redevelopment of the properties for their highest and best use is extremely difficult
and not feasible without grant assistance.
BE IT FURTHER RESOLVED that, if the City is awarded a Tax Base Revitalization Account
grant for this project, the City Council of Edina, Minnesota acknowledges it will be the grantee and
agrees to act as legal sponsor and administrator and be responsible for grant funds expended for the
project contained in the Tax Base Revitalization grant application submitted on November 1, 2012.
Adopted by the Edina City Council this 16th day of Oct er, 2 12.
I
Attest: __---
Debra A. Mangen, Gity C James B. Hovland, Mayor
CITY OF EDINA
4801 West 50th Street•Edina Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0389
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STATE OF MINNESOTA )
COUNTY OF HENNEPIN ) SS
CITY OF EDINA ) CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the
attached and foregoing City Council Minutes is a true and correct copy of the Resolution duly adopted
by the Edina City Council at its regular meeting of October 16, 2012, and as recorded in the Minutes
of said regular meeting.
WITNESS, my hand and seal of said City this day of , 2012.
Debra A. Mangen, City Clerk
CITY OF EDINA
4801 West 50th Street.Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0390