06-10-2026 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL JUNE10,2026 The foregoing resolution was duly seconded by Miller. Ayes (4). Nays (0). Resolution declared adopted. The City Administrator and Schwalbach rejoined the discussion. LAHA FUND DISTRIBUTION AGREEMENTS FOR LOPE DEVELOPMENT AFFORDABLE SENIOR HOUSING PROJECT The Community Development Director explained that this is one of two final sets of actions for the City Council to take on the proposed development at 99 County Road B East, a 106-unit, 100 percent affordable senior multi -family apartment complex. He summarized the background information and previous approvals provided by the City, noting that a financial incentive of up to $200,000 was identified to facilitate the viability of this development. Staff initially evaluated utilizing tax increment financing (TIF) to fill this gap, and it was determined that utilizing Local Affordable Housing Aid (LAHA) was determined to be a more efficient and appropriate tool. He recommended approval as presented. Malone asked and received confirmation that the City receives LAHA funds on an annual basis that can be used for limited purposes, as identified under State Statute. Miller asked and received confirmation that this action would eliminate the need to use TIF for this project. Miller introduced the following resolution and moved its adoption: 1 V *74 it 10i A A •A A I A 0 I M I I A W 0 • iMiF ML -I a T --ZL F S]Ilk I: /:I JFA T:fA JJf1JJLJ -h T JFA To [Jq _V MI, The foregoing resolution was duly seconded by Kwapick. Ayes (5). Nays (0). Resolution declared adopted. METROPOLITAN COUNCIL LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT PROGRAM GRANT SUBRECIPIENT AGREEMENT FOR LUPE DEVELOPMENT AFFORDABLE SENIOR HOUSING PROJECT The Community Development Director provided background information on the grants received through the Metropolitan Council's Livable Communities Demonstration Account (LCDA) program for the 106-unit affordable senior housing development at 99 County Road B. The City applied for these grants on behalf of the developer and secured these funds across consecutive grant cycles to support the overall financial viability of the project. Because the City acts as the applicant and primary grantee, it serves as the intermediary entity responsible for passing these funds through to the project. He explained that in order to streamline administration, reporting, and regional compliance, these awards are being rolled into a single subrecipient agreement 11