11/13/2000 Council Packet - Laserfiche WebLink

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• AGENDA ITEM 7 F STAFF ORIGINATOR: Jeff Smyser C. C. MEETING DATE: November 13, 2000 TOPIC: Resolution 00 -105 Electing to Continue Participation in Livable Communities Program VOTE REQUIRED: 3/5 BACKGROUND The Metropolitan Livable Communities Act established a fund intended to address development issues in the Metro Area. To be eligible for the funds, a city must choose to participate in the program every year. The fund is divided into three accounts: Tax Base Revitalization Account: to clean up polluted land for new business development to provide new jobs. Local Housing Incentives Account: for affordable and life -cycle housing initiatives to meet the housing needs of people of various stages of life and various incomes. • Inclusionary Housing Account: to produce housing with a variety of prices and designs • which serve families with a range of incomes and housing needs. Livable Communities Demonstration Account: for models of compact, creative and efficient development and redevelopment. Lino Lakes received funding from this account to plan the Town Center, and recently applied for implementation money. Participation in the Program Numerous communities in the Metro Area submit applications for funding under the program. The funds are awarded on a competitive basis. In order to be eligible for consideration for any of the funding, a city must participate in the Local Housing Incentives Account Program. Participation includes working toward long -range goals for a greater variety of housing. We do not need to adopt new goals at this time. The ones adopted in 1998 continue to apply. There is no implied guarantee that the city will reach the goals. Current housing market conditions make this extremely difficult. A second difficulty is that the census data used to examine the housing picture is ten years old. The Metropolitan Council is aware of these difficulties. After the year 2000 census, the Met Council will re- examine the housing picture.