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HomeMy WebLinkAboutResolution No. 2019-48 LCDA Account Funding and ApplicationRESOLUTION NO. 2019-48 RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT FUNDING AND AUTHORIZING APPLICATIONS FOR GRANT FUNDS WHEREAS, the City of Edina is a participant in the Livable Communities Act's Local Housing Incentives Account Program for 2019 as determined by the Metropolitan Council, and is therefore eligible to apply for Livable Communities Demonstration Account funds; and WHEREAS, the City has identified proposed projects within the City that meets the, Demonstration 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 City has the institutional, managerial and financial capability to ensure adequate project administration; and WHEREAS, the City certifies that it will comply with all applicable laws and regulations as stated in the grant agreement; and WHEREAS the City agrees to act as legal sponsor for the projects contained in the grant applications to be submitted on August 8, 2019; and WHEREAS, the City acknowledges Livable Communities Demonstration Account grants are intended to fund projects or project components that can serve as models, examples or prototypes for development or redevelopment projects elsewhere in the region, and therefore represents that the proposed Projects or key components of the proposed projects can be replicated in other metropolitan-area communities; and WHEREAS only a limited amount of grant funding is available through the Metropolitan Council's Livable Communities Demonstration Account during each funding cycle and the Metropolitan Council has determined it is appropriate to allocate those scarce grant funds only to eligible projects that would not occur without the availability of Demonstration Account grant funding. NOW THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the governing body of the City of Edina finds that it is in the best interests of the City's development goals and priorities for the proposed projects to occur at these particular sites and at this particular time. BE IT ALSO RESOLVED that the City of Edina finds that the project components for which Livable Communities Demonstration Account funding is sought: • will not occur solely through private or other public investment within the reasonably foreseeable future; and • will occur within three years after a grant award only if Livable Communities Demonstration Account funding is made available for this project at this time. CITY OF EDINA 4801 West 50th Street • Edina, Minnesota 55424 www.EdinaMN.gov • 952-927-8861 • Fax 952-826-0390 Ado ted b (the a City Council on this 16th day of July, 2019. —04411r haron Allison, Clerk i amen B. Hovland, Mayor BE IT ALSO RESOLVED that the City of Edina has undertaken reasonable and good faith efforts to procure funding for the project components for which Livable Communities Demonstration Account funding is sought but was not able to find or secure from other sources funding that is necessary for project component completion within three years and states that this representation is based on the following reasons and supporting facts: Project Name Amount Requested 7200-7250 France Avenue $1,895,000 4100 Edina $808,450 BE IT FINALLY RESOLVED that the City of Edina authorizes its Cit the City an application or applications for Metropolitan Council Livable Account grant funds for the project components identified in the app is agreements as may be necessary to implement the projects on behalf .f Manager to submit on behalf of mmunities Demonstration ti • ns, and to execute such h City. 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 Resolution was duly adopted by the Edina City Council at its Regular Meeting of July 16, 2019, and as recorded in the minutes of said Regular Meeting. WITNESS my hand and seal of said City this day of City Clerk