HomeMy WebLinkAboutResolution No. 2018-109 Grant Application for 7200-7250 France Ave r r J
RESOLUTION NO. 2018-109
AUTHORIZING GRANT APPLICATION FOR TAX BASE REVITALIZATION
ACCOUNT FOR 7200-7250 FRANCE AVENUE
WHEREAS the City of Edina is a participant in the Livable Communities Acts Local Housing
Incentives Account Program for 2018 as determined by the Metropolitan Council, and is therefore
eligible to make application for funds under the Tax Base Revitalization Account; and
WHEREAS the City has identified a contamination cleanup project within the City that meet the
Tax Base Revitalization Account'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 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, France Equities, LLC, the property owner, has submitted an application to rezone
and redevelop properties located at 7200-7250 France Avenue. The potential redevelopment would
include demolition of two existing buildings and construction of two new buildings containing
approximately 300 residential units, street level commercial space and structured parking arranged along
a publicly accessible spine for access and circulation; and
WHEREAS, the redevelopment of the site will require removal of the existing structures and
remediation of environmental contaminants; 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
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CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov.952-927-8861 • Fax 952-826-0390
• The site contains two separate buildings that will need to demolished and remediated; and
• The existing structures have suffered from deferred maintenance over several different owners
and are no longer competitive in the market—hindering their contribution to the tax base; and
• The developer has expressed a willingness to satisfy the local match but indicates that the
project would not be financial feasible if they are required to bear the entire cost of site
remediation; and
• The Edina Housing and Redevelopment Authority will consider the use of Tax Increment
Financing on the site but will need cooperation from other agencies; and
• The proposed development could create dozens of new jobs and housing opportunities for
households at several income levels; and
• The proposed development could improve storm water conditions on-site and in the
surrounding area and utilize renewable energy (rooftop solar); and
• The location of the project can take advantage of existing highway and infrastructure
investments, as well as transit connections via Metro Transit route#6.
NOW THEREFORE BE IT RESOLVED that, the City Council of Edina authorizes France
Equities, LLC, their related entities and their environmental advisor 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 this project, the Cit�.will be the grantee and agrees
to act as legal sponsor to administer and be responsible for grant f�rods expended for the project
contained in the Tax Base Revitalization grant application submitted on {i` ovember I, 2018.
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Adopted by the Edina City Council this 1611, day of October, 2 8'
I
Attest: —
Debra A. Manger, City erk 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 October 16, 2018, and as recorded in the Minutes of said regular meeting.
WITNESS, my hand and seal of said City this day of 2018.
Debra A.Manger,City Clerk