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MEMORANDUM <br />date: December 9, 1998 <br />to: Lino Lakes City Council <br />from: Jeff Smyser, City Planner <br />subject: Livable Communities Program <br />Livable Communities Act Summary <br />The Livable Communities Act (LCA) was passed by the Minnesota Legislature in 1995. <br />The law created three funding accounts which provide loans and grants to promote the <br />purposes of the act. The three accounts are: <br />Tax Base Revitalization Account: to clean up polluted land for new business <br />development to provide new jobs. <br />Livable Communities Demonstration Account: Lino Lakes received funding from this <br />account for The Village in the Town Center. This account is for local models of compact, <br />creative and efficient development and redevelopment. That is, projects that promote <br />orderly development, limit sprawl, create life -cycle housing choices, preserve the <br />environment, are pedestrian- friendly and transit- friendly, and strengthen a sense of <br />community. <br />Local Housing Incentives Account: for affordable and life -cycle housing initiatives to <br />meet the housing needs of people of various stages of life and various incomes. <br />The Act describes how these accounts are to be managed by the Metropolitan Council. <br />Numerous communities in the Metro Area submit applications. The funds are awarded <br />on a competitive basis. In order to be eligible for consideration, a city must participate in <br />the Livable Communities Program. <br />1 189 Main Street • Lino Likes, Minnesota • 55014 <br />f'honc,TD14: 651 -4(,4 -5562 • ry: 651 -tf, -t 156tt <br />