06/23/2004 Council Packet - Laserfiche WebLink

Home Search

• • • MEMORANDUM To: City Council From: Mary Divine Date: 6/23/04 Re: Livable Communities Grant Resolution No. 04 -91 cc: Staff has been working on the application for the 2004 Livable Communities Demonstration Account Grant, which is due June 30. This is the same grant the city received in 1997 for planning, and in 2000 for construction of the Woods Edge project. The request this year is $1 million to be used to assist with the cost of land and infrastructure for the Woods Edge project. Staff, Springsted and the Hartford Group are continuing to work through the project development costs and sources of revenue available, including the amount of subsidy needed to make the project work. A grant from the Livable Communities Demonstration Account will lower the amount of TIF this project may require. The city has made considerable progress since the last application in 2003. The site has been rezoned, a TIF district was put in place, the preliminary plat is approved, and the public improvements feasibility report is complete. The committee who judges the projects considers readiness and council support as critical factors. The grant application will be available in draft form for review at the work session, so that the Council will have the opportunity to see the application before the deadline. The resolution supporting the application is on the June 28 council agenda, so that the council has the opportunity to consider the resolution before the application is submitted on June 30. The actual deadline for the resolution for support is July 31.