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LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT <br />DEVELOPMENT GRANT PROGAM <br /> <br />Page 1 of 13 <br />SG-22064 revised 12/6/24 <br />GRANTEE: City of Little Canada GRANT NO. SG-22064 <br /> PROJECT: County Road B East Senior Housing <br /> GRANT AMOUNT: $490,000.00 CYCLE: 2024 <br />COUNCIL ACTION: 11/13/2024 EXPIRATION DATE: 12/31/2027 <br />METROPOLITAN LIVABLE COMMUNITIES ACT <br />GRANT AGREEMENT <br />THIS GRANT AGREEMENT (“Agreement”) is made and entered into by the Metropolitan Council <br />(“Council”) and the Municipality, County, or Development Authority identified above as “Grantee.” <br />WHEREAS, Minnesota Statutes section 473.251 creates the Metropolitan Livable Communities <br />Fund, the uses of which fund must be consistent with and promote the purposes of the Metropolitan <br />Livable Communities Act (“LCA”) and the policies of the Council’s Metropolitan Development <br />Guide; and <br />WHEREAS, Minnesota Statutes sections 473.251 and 473.253 establish within the Metropolitan <br />Livable Communities Fund a Livable Communities Demonstration Account and require the Council <br />to use the funds in the account to make grants or loans to municipalities participating in the Local <br />Housing Incentives Account Program under Minnesota Statutes section 473.254 or to Counties or <br />Development Authorities to fund the initiatives specified in Minnesota Statutes section 473.25(b) in <br />Participating Municipalities; and <br />WHEREAS, the Grantee is a Municipality participating in the Local Housing Incentives Account <br />program under Minnesota Statutes section 473.254, a County, or a Development Authority; and <br />WHEREAS, the Grantee seeks funding in connection with an application for Livable Communities <br />Demonstration Account grant program funds submitted in response to the Council’s notice of <br />availability of grant funds for the “Funding Cycle” identified above and will use the grant funds made <br />available under this Agreement to help fund the “Project” identified in the application; and <br />WHEREAS, the Council awarded Livable Communities Demonstration Account grant program <br />funds to the Grantee subject to any terms, conditions, and clarifications stated in its Council Action, <br />and with the understanding that the Project identified in the application will proceed to completion in <br />a timely manner, all grant funds will be expended prior to the “Expiration Date” identified above and <br />Project construction will have “commenced” before the Expiration Date. <br />NOW THEREFORE, in reliance on the above statements and in consideration of the mutual <br />promises and covenants contained in this Agreement, the Grantee and the Council agree as follows: <br />I. DEFINITIONS <br />1.01. Definition of Terms. The terms defined in this Section have the meanings given them in this <br />Section unless otherwise provided or indicated by the context.