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CITY OF LITTLE CANADA <br />RESOLUTION ELECTING TO CONTINUE PARTICIPATING IN <br />THE LOCAL HOUSING INCENTIVES ACCOUNT PROGRAM <br />UNDER THE METROPOLITAN LIVABLE COMMUNITIES ACT <br />CALENDAR YEAR 2001 <br />WHEREAS, The Metropolitan Livable Communities Act (Minnesota Statutes Section <br />473.25 to 473.254) establishes a Metropolitan Livable Communities Fund which is <br />intended to address housing and other development issues facing the metropolitan area <br />defined by Minnesota Statutes section 473.121; and <br />WHEREAS, The Metropolitan Livable Communities Fund, comprising the Tax Base <br />Revitalization Account, the Livable Communities Demonstration Account, the Local <br />Housing Incentive Account and the Inclusionary Housing Account is intended to provide <br />certain funding and other assistance to metropolitan area municipalities; and <br />WHEREAS, A metropolitan area municipality is not eligible to receive grants or loans <br />under the Metropolitan Livable Communities Fund or eligible to receive certain polluted <br />sites cleanup funding from the Minnesota Department of Trade and Economic <br />Development unless the municipality is participating in the Local Housing Incentives <br />Account Program under the Minnesota Statutes section 473.254; and <br />WHEREAS, The Metropolitan Livable Communities Act requires the Metropolitan <br />Council to negotiate with each municipality to establish affordable and life -cycle housing <br />goals for that municipality that are consistent with and promote the policies of the <br />Metropolitan Council as provided in the adopted Metropolitan Development Guide; and <br />WHEREAS, Each municipality must identify to the Metropolitan Council the actions <br />the municipality plans to take to meet the established housing goals for each participating <br />municipality; and <br />WHEREAS, The Metropolitan Council adopted, by resolution after a public hearing, <br />negotiated affordable and life -cycle housing goals for each participating municipality; <br />and <br />WHEREAS, A metropolitan area municipality which elects to participate in the Local <br />Housing Incentives Account Program must do so by November 15 of each year; and <br />WHEREAS, For calendar year 2001, a metropolitan area municipality that participated <br />in the Local Housing Incentive Account Program during the calendar year 2000, can <br />continue to participate under Minnesota Statutes section 473.254 if: (a) the municipality <br />elects to participate in the Local Housing Incentives Program by November 15, 2000; and <br />(b) the Metropolitan Council and the municipality have successfully negotiated <br />affordable and life -cycle housing goals for the municipality; <br />Page 10 <br />