2001-170 Council Resolution - Laserfiche WebLink

Home Search

AGENDA ITEM 7 G STAFF ORIGINATOR: Jeff Smyser C. C. MEETING DATE: October 22, 2001 TOPIC: Resolution 01-170 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 four accounts: Tax Base Revitalization Account: to clean up polluted land for new business development to provide new jobs. 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. The City also was awarded money last year for implementation. Lino Lakes recently applied for an additional $1.5 million for implementation. Inclusionary Housing Account: to produce housing with a variety of prices and designs which serve families with a range of incomes and housing needs. 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. 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. No change is necessary now.