06-10-2026 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL JUNE 10, 2026 totaling $922,500 and recommended approval as presented. He stated that the applicant is looking to close on the property this month and begin construction in July. Kwapick asked when the City would receive the funds from the Metropolitan Council. The Community Development Director stated that the City would never receive the funds, as this is a reimbursement program, and the developer will submit its requests for reimbursement to the Metropolitan Council. Schwalbach introduced the following resolution and moved its adoption: RESOLUTION NO.2026-6-84 — APPROVING THE LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT (LCDA) SUBRECIPIENT AGREEMENT, COMPRISED OF THE FOLLOWING FIVE DOCUMENTS, FOR THE 106-UNIT LITTLE CANADA SENIOR APARTMENTS PROJECT AT 99 COUNTY ROAD B EAST, AND AUTHORIZING THE MAYOR AND CITYADMINISTRATOR TO EXECUTE ALL APPLICABLE DOCUMENTS ON BEHALF OF THE CITY. • THE LOAN AGREEMENT BETWEEN THE CITY OF LITTLE CANADA AND LC APARTMENTS, LP, WHICH ROLLS THE 2024 (4901000) AND 2025 ($432,500) ALLOCATIONS INTO A SINGLE $922,500 PROGRAM LOAN; • THE PROMISSORY NOTE IN THE PRINCIPAL AMOUNT OF $922r500 EXECUTED BY LC APARTMENTS, LP; • THE COMBINATION MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT, AND FIXTURE FINANCING STATEMENT EXECUTED BY LC APARTMENTS LP, GUARANTY COMMERCIAL TITLE, INC., AND THE CITY; AND • THE SUBORDINATION AGREEMENT BY THE CITY AND LC APARTMENTS, LP IN FAVOR OF THE U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION (AS FISCAL AGENT) AND ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA (AS SENIOR FUNDING LENDER) The foregoing resolution was duly seconded by Miller. Ayes (5). Nays (0). Resolution declared adopted. RESOLUTION OF SUPPORT FOR METRO MICRO PROGRAM EXPANSION The Community Development Director stated that Metro Transit recently approached staff regarding their intent to apply to the Metropolitan Council's Regional Solicitation program for increased funding to expand their Metro Micro on -demand transit service, which operates as an affordable, localized, shared -ride public option that functions similarly to a commercial rideshare service, allowing users to request real-time curb -to -curb rides via a mobile app or telephone. To strengthen their competitive standing for this regional funding opportunity, Metro Transit requested a formal letter of support from the City before the grant submission deadline at the end of June 2026. While staff will fulfill this request, a formal resolution from the City Council provides an even stronger signal of local support to the grant reviewers. Miller asked if there are limitations on who can use the service. The Community Development Director confirmed that anyone can use the service regardless of age and/or disability. Mayor Fischer stated that it is his understanding that when the service is offered, residents could get a ride anywhere within Little Canada but could not go from Little Canada to St. Paul. The 5