HomeMy WebLinkAboutResolution No. 2017-043 Grant Application to MN Dept. of Emplyment & Economic Develop A _l
e
i71*
RESOLUTION NO. 2017-43
AUTHORIZING GRANT APPLICATION TO MINNESOTA DEPARTMENT OF
EMPLOYMENT AND ECONOMIC DEVELOPMENT FOR NEW MIXED-USE
APARTMENT BUILDING LOCATED AT 3925, 3930-3944 W. 49-1/2 STREET
WHEREAS, the City of Edina is a statutory city eligible to apply for grant funding; and
WHEREAS, the State of Minnesota Department of Employment and Economic Development is
soliciting requests for grant applications to redevelop sites that are hindered by contamination; and
WHEREAS, Buhl Investors and Saturday Properties, on behalf of Market Street, LLC have
submitted an application to rezone and improve property located at 3925, 3930-3944 W. 49-1/2 Street
for the construction of a new mixed-use apartment building that includes approximately 30,000 square
feet of new commercial space, a new 5-6 story apartment building and shared parking; and
WHEREAS, portions of the site are currently vacant or have been utilized for decades as
parking, making little contribution to the tax base and will create new housing and business
opportunities to meet the needs of the marketplace; and
WHEREAS, portions of the site were formerly used as a dry cleaning establishment with
documented release, thus requiring environmental remediation in order to create a buildable site; and
WHEREAS, the City of Edina intends to submit a grant application and if successfully awarded
enter into a sub-recipient agreement with the developer to implement the remediation and site
improvements.
NOW THEREFORE BE IT RESOLVED that the City of Edina has approved the Contamination
Cleanup grant application submitted to Department of Employment and Economic Development on May
I, 2017 by City of Edina/Market Street LLC for the Mixed-Use Apartment Building at 3925, 3930-3944
W. 49-1/2 Street.
BE IT FURTHER RESOLVED that the City of Edina is located within the seven county
metropolitan area defined in Section 473.121, subdivision 2, and is participating in the local housing
incentives program under Section 473.254.
BE IT FURTHER RESOLVED that the City of Edina act as the legal sponsor for the project
contained in the Contamination Cleanup Grant Program to be submitted on May I, 2017 and that
Mayor James B. Hovland is hereby authorized to apply to the Department of Employment and Economic
Development for funding of this project on behalf of the City of Edina.
BE IT FURTHER RESOLVED that the City of Edina has the legal authority to apply for financial
assistance, and the institutional, managerial, and financial capability to ensure adequate project
administration.
CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0389
BE IT FURTHER RESOLVED that the sources and amounts of the local match identified in the
application are committed to the project identified.
BE IT FURTHER RESOLVED that the City of Edina has not violated any Federal, State or local
laws pertaining to fraud, bribery, graft, kickbacks, collusion, conflict of interest or other unlawful or
corrupt practice.
BE IT FURTHER RESOLVED that upon approval of its application by the state, the City of Edina
may enter into an agreement with the State of Minnesota for the above referenced project, and that the
City of Edina certifies that it will comply with all applicable laws and regulation as stated in all contract
agreements.
NOW, THEREFORE BE IT FINALLY RESOLVED that the Mayor and City Manager are hereby
authorized to execute such agreements as are necessary to implement the project on behalf of the
applicant.
Adopted by the Edina City Council this 18th day of April, 2017.
Attes pA
e 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