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CITY COUNCIL WORK SESSION JUNE 23, 2004 APPROVED • 1 overview of the auditor's suggestions noting some of the points are in the process of 2 implementation or may already have been implemented. 3 4 This item will appear on the regular Council agenda Monday, June 28, 2004, 6:30 p.m. 5 6 LEGACY AT WOODS EDGE, LIVABLE COMMUNITIES GRANT, MARY 7 ALICE DIVINE AND MICHAEL GROCHALA 8 9 Economic Development Assistant Divine distributed the draft Livable Communities 10 Demonstration Development Grant Application Form 2004. 11 12 Community Development Director Grochala advised staff has been working on the 13 application for the 2004 Livable Communities Demonstration Account Grant, which is 14 due June 30. This is the same grant the City received in 1997 for planning, and in 2000 15 for construction of the Woods Edge Project. 16 17 Community Development Director Grochala stated the request this year is $1 million to 18 be used to assist with the cost of land and infrastructure for the Woods Edge project. 19 Staff, Springsted and the Hartford Group are continuing to work through the project 20 development costs and sources of revenue available, including the amount of subsidy 21 needed to make the project work. A grant from the Livable Communities Demonstration 22 Account will lower the amount of Tax Increment Financing (TIF) this project may •24 23 require. 25 Community Development Director Grochala advised the City has made considerable 26 progress since the last application in 2003. The site has been rezoned, a TIF district was 27 put in place, the preliminary plat is approved, and the public improvements feasibility 28 report is complete. The committee who judges the projects considers readiness and 29 Council support at critical factors. He noted the approval of the application does not 30 commit the City to the project. 31 32 Economic Development Assistant Divine stated she believes that if the City is to get 33 another grant, this is the year. She briefly reviewed the draft application noting the 34 application is not yet completed. 35 36 Economic Development Assistant Divine stated the resolution supporting the application 37 is on the June 28 Council agenda, so that the Council has the opportunity to consider the 38 resolution before the application is submitted on June 30. The actual deadline for the 39 resolution of support is July 31. The Metropolitan Council determines the grant 40 recipients in December 2004. 41 42 This item will appear on the regular Council agenda Monday, June 28, 2004, 6:30 p.m. 43 44 45 I35W/E JOINT POWERS ACT, MICHAEL GROCHALA 46 • 47 Community Development Director Grochala stated that for over a year, several 48 jurisdictions have been discussing the planning of the I35 E corridor transportation