09-13-1995 Council Agenda - Laserfiche WebLink

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** DRAFT ** TAX BASE REVITALIZATION PROGRAM GUIDELINES AND CRITERIA Program Summary and Purpose: The Metropolitan Livable Communities Act (MN Stat. Ch. 473.25) created a Tax Base Revitalization Account to make grants to clean up contaminated land for subsequent commercial/ industrial re- development, to make it available for economic redevelopment, job retention and job growth. Amount of Funds Available: Approximately $6.5 million in funds will be available for grants annually; grants will be awarded on a competitive basis. Eligible Applicants: Statutory or home rule charter cities that are participating in the Metropolitan Livable Communities Housing Incentives Program are eligible to apply; as are metropolitan counties (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott Washington) for projects in eligible communities. Eligible Uses of Funds: Eligible expenditures under this program include costs to implement an approved Re- sponse Action Plan (RAP) developed in conjunction with the MPCA for hazardous waste, or an abatement program meets requirements of the V -PIC program (for petroleum) or AHERA standards (for asbestos). Costs incurred in the preparation of the plan (e.g., investigating the extent and/or nature of contamination) are not eligible expendi- tures under this program. These funds may be used to provide a portion of the local match required for a grant from DTED's Contamination Cleanup Grant Program. Project Selection Criteria: The Metropolitan Council is required to consider certain factors in order to ensure the highest return in public benefits for the public costs incurred. In order to evaluate and rank applications, the following criteria will be assigned point values in order to systematically and fairly compare the applications. Applications will be ranked according to the extent that the address the following: • preserve and/or increase living wage jobs in the fully developed area; • promote compact and efficient development; • increase the tax base of the recipient municipality; represent innovative partnerships among government, private for - profit and non - profit sectors; are not eligible for clean-up funding from other public sources; • will not require extensive new infrastructure (beyond that which is already planned); • make more efficient use of currently underutilized public service capacity (e.g., roads and highways, transit, wastewater, utilities, telecommunications infrastructure, etc.); result in a net gain in jobs /industry for the region; increase the number of living wage jobs in/near areas of concentrated poverty and demonstrate sensitivity to Linkages with local residents; reflect demonstrated market demand for commercial/industrial land in the proposed site area; and are consistent with the redevelopment component of the municipality's comprehensive plan (in re: Minn. Stat. section 473.859, subd. 5). Page 111