HomeMy WebLinkAboutResolution - 2018-68 - Common Bond's Application for Grant - 06/12/2018 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO. 2018-68
A RESOLUTION SUPPORTING COMMON BOND'S APPLICATION TO THE HENNEPIN
COUNTY DEPARTMENT OF ENVIRONMENTAL SERVICES FOR AN
ENVIRONMENTAL RESPONSE FUND GRANT THROUGH THE MINNESOTA
BROWNFIELDS' BROWNFIELD GAP PROGRAM FOR TRAIL POINT RIDGE PHASE I
ENVIRONMENTAL SERVICES
WHEREAS, CommonBond Communities is proposing redevelopment of 16397 Glory Lane into a
58 unit apartment building called Trail Point Ridge; and
WHEREAS, Trail Point Ridge is proposed to have a variety of one-, two-, and three-bedroom units
with ninety percent of its units affordable to households earning less than fifty percent of the Area
Median Income; and
WHEREAS,redevelopment of an existing building and the proposed affordability create the need
for certain gap financing for Trail Point Ridge; and
WHEREAS,Trail Point Ridge requires a public hearing and approvals related to an application for
Tax Increment Financing;and
WHEREAS, Trail Point Ridge requires applications, hearings and approval of a Comprehensive
Plan amendment, rezoning, Planned Unit Development(PUD), and Subdivision in association with
two adjacent properties and other developers;
NOW THEREFORE BE IT RESOLVED,that the Eden Prairie City Council supports
CommonBond's application to the Hennepin County Department of Environmental Services for an
Environmental Response Fund grant through the Minnesota Brownfields' Brownfield Gap Program
for Trail Point Ridge Phase I Environmental Services subject to all necessary application
submittals, hearings and approvals for the site and larger PUD of which it will be a part.
ADOPTED by the City Council of the City of Eden Prairie on this 12th day of June, 2018.
nc ra u n ayor
ATTEST:
Kat een Porta, City Clerk