HomeMy WebLinkAboutResolution No. 2017-042 Grant Application for Met Council Tax Base Revitalization �^ e
RESOLUTION NO. 2017-42
AUTHORIZING GRANT APPLICATION FOR METROPOLITAN COUNCIL'S TAX
BASE REVITALIZATION ACCOUNT FOR MIXED USE APARTMENT BUILDING AT
3925, 3930 AND 3944 W. 49-1/2 STREET
WHEREAS the City of Edina is a participant in the Livable Communities Act's Local Housing
Incentives Account Program for 2017 as determined by the Metropolitan Council, and is therefore
eligible to 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 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 clean-up project is integral to the Edina Housing and Redevelopment Authority
and their development partner, Edina Market Street, LLC's proposal to construct a new mixed use
apartment building with public parking at 3925, 3930 and 3944 W. 49-1/2 Street; 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:
• A portion of the site was formerly used as dry cleaning establishment and recognized
environmental concerns have been identified on several parcels that require environmental
remediation and stabilization in order to create a buildable site.
• The sites are all vacant or tax-exempt, making little contribution to the tax base in their current
condition.
CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0389
• Upon completion, the project will return the parcels to the tax rolls.
• The project will create new job opportunities and new affordably-priced housing units; and
• The location of the project can take advantage of existing infrastructure investments, as well as
transit connections via Metro Transit routes#6 and 46.
NOW THEREFORE BE IT RESOLVED that, the Edina City Council authorizes Edina Market
Street, LLC and Braun Intertec to submit an application for Metropolitan Council Tax Base
Revitalization Account grant funds and, if the City is awarded a Tax Base Revitalization Account grant
for the Mixed Use Apartment Project, the City will be the grantee and agrees to act as legal sponsor to
administer and be responsible for grant funds expended for the project contained in the Tax Base
Revitalization grant application submitted on May 1, 2017.
Adopted by the Edina City Council this 18th day of April, 2017.
Attest
ane M.Timm, Deputy City Clerk James B. Hovland, Mayor
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 April 18, 2017, and as recorded in the Minutes of said regular meeting.
WITNESS, my hand and seal of said City this day of 2017.
City Clerk