HomeMy WebLinkAboutResolution 26-78 Authorizing Acceptance of the 2026 Livable Communities Act (LCA) Development Grant from the Met Council for Fairway CommonsCITY OF FALCON HEIGHTS
COUNCIL RESOLUTION
September 23,2026
No.26-78
A RESOLUTION AUTHORIZING THE ACCEPTANCE OF THE 2026 LIVABLE
COMMUNTTTES ACT (LCA) DEVELOPMENT GRANT FROM THE
METROPOLITAN COUNCIL FOR FAIRWAY COMMONS
WHEREAS, the City of Falcon Heights applied for Livable Communities Act (LCA)
Development Grant Program funding for the Fairway Commons redevelopment project at 1670
Larpenteur Avenue West, consisting of 1 l0 senior housing units includingT0 affordable units;
and
WHEREAS, the Metropolitan Council, through its Livable Communities Demonstration
Account (LCDA), has awarded the City a2026 Development Grant totaling S631,100, of which
$542,600 in LCDA funds require City acceptance; and
WHEREAS, the Metropolitan Council approved the2026 LCA award on August 12,2026
under Business ltem2026-130; and
WHEREAS, the Fairway Commons development, led by Velair Development Company, will
deliver affordable senior housing serving households across multiple Area Median Income
affordability levels as described in the grant agreement; and
WHEREAS, the City previously approved Resolution 25-75 on luly 23,2025 authorizing staff
to apply for Livable Communities funding for this project; and
WHEREAS, the City intends to administer the LCDA portion of the grant as a passthrough loan
to support the project's low-income housing tax credit financing structure and will finalize all
necessary documents with the developer following acceptance of the grant agreement.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Falcon Heights,
Minnesota:
l. That the City of Falcon Heights hereby accepts the 2026 Livable Communities Act
Development Grant award in the amount of $542,600 in LCDA funds for the Fairway
Commons project.
2. That the City Administrator is authorized to execute all documents necessary to accept,
administer, and implement the grant agreernent SG-26L-34-01, and to carry out all
associated responsibilities as required under the Metropolitan Council's Livable
Communities Act program.
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G..:,\a$sMoved by:
GUSTAFSON
MAY
MIELKE
MOGEN
WASSENBERG
o\Approved
In Favor Attested by:
Against Administrator
C.
5o J
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