HomeMy WebLinkAboutResolution - 2017-55 - Livable Communities TOD funding - 05/16/2017 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY MINNESOTA
RESOLUTION NO. 2017-55
RESOLUTION IDENTIFYING THE NEED FOR LIVABLE
COMMUNITIES TRANSIT ORIENTED DEVELOPMENT FUNDING
AND AUTHORIZING AN APPLICATION FOR GRANT FUNDS
WHEREAS the City of Eden Prairie is a participant in the Metropolitan Livable
Communities Act("LCA") Local Housing Incentives Program for 2017 as determined by the
Metropolitan Council, and is therefore eligible to apply for LCA Livable Communities
Demonstration Account and Tax Base Revitalization Account Transit Oriented Development
(collectively, "TOD") funds; and
WHEREAS the City has identified a proposed project within the City that meets TOD
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
adequately manage an LCA TOD grant; 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 acknowledges TOD grants are intended to fund projects or project
components that can serve as models, examples or prototypes for TOD development or
redevelopment elsewhere in the Region, and therefore represents that the proposed project or key
components of the proposed project 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 TOD initiative 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 TOD grant funding.
NOW THEREFORE BE IT RESOLVED that, after appropriate examination and due
consideration, the governing body of the City:
1. Finds that it is in the best interests of the City's development goals and priorities for the
proposed TOD Project to occur at this particular site and at this particular time.
2. Finds that the TOD Project component(s) for which Livable Communities TOD funding is
sought:
(a) will not occur solely through private or other public investment within the reasonably
foreseeable future; and
(b) will occur within the term of the grant award (two years for Pre-Development grants,
and three years for Development grants, one year for Cleanup Site Investigation grants
and three years for Cleanup grants) only if Livable Communities TOD funding is made
available for this project at this time.
3. Authorizes its Mayor and City Manager to submit on behalf of the City an application for
Metropolitan Council Livable Communities TOD grant funds for the TOD Project component(s)
identified in the application, and to execute such agreements as may be necessary to implement
the TOD Project on behalf of the City.
ADOPTED by the City Council of the City of Eden Prairie this 161h day of May, 2017.
Wa7ncra-,Ku) s, ayor
ATTEST:
Kat een Porta, City Clerk