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RESOLUTION NO. 95-55 <br />RESOLUTION ELECTING TO PARTICIPATE IN THE LOCAL <br />HOUSING INCENTIVES ACCOUNT PROGRAM <br />UNDER THE METROPOLITAN LIVABLE COMMUNITIES ACT <br />CALENDAR YEAR 1996 <br />WHEREAS, THE METROPOLITAN LIVABLE COMMUNITIES ACT (1995 MINNESOTA LAWS CHAPTER 255) <br />ESTABLISHES A METROPOLITAN LIVABLE COMMUNITIES FUND WHICH IS INTENDED TO ADDRESS HOUSING AND OTHER <br />DEVELOPMENT ISSUES FACING THE METROPOLITAN AREA DEFINED BY MINNESOTA STATUTES SECTION 473.121; AND <br />WHEREAS, THE METROPOLITAN LIVABLE COMMUNITIES FUND, COMPRISING THE TAX BASE REVITALIZATION <br />ACCOUNT, THE LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT AND THE LOCAL HOUSING INCENTIVES ACCOUNT, FS <br />INTENDED TO PROVIDE CERTAIN FUNDING AND OTHER ASSISTANCE TO METROPOLITAN AREA MUNICIPALITIES; AND <br />WHEREAS, A METROPOLITAN AREA MUNICIPALITY IS NOT ELIGIBLE TO RECEIVE GRANTS OR LOANS UNDER THE <br />METROPOLITAN LIVABLE. COMMUNITIES FUND OR ELIGIBLE TO RECEIVE CERTAIN POLLUTED SITES CLEANUP FUNDING FROM <br />TTTE MINNESOTA DEPARTMENT OF TRADE AND ECONOMIC DEVELOPMENT UNLESS THE MUNICIPALITY IS PARTICIPATING IN <br />TT-m LOCAL HOUSING INCENTIVES ACCOUNT PROGRAM UNDER MINNESOTA STATUTES SECTION 473.254; AND <br />WHEREAS, THE METROPOLITAN LIVABLE COMMUNITIES ACT REQUIRES THE METROPOLITAN COUNCIL TO <br />NEGOTIATE WITH EACH MUNICIPALITY TO ESTABLISH AFFORDABLE AND LIFE -CYCLE HOUSING GOALS FOR THAT <br />MUNICIPALITY THAT ARE CONSISTENT WITH AND PROMOTE THE POLICIES OF THE METROPOLITAN COUNCIL AS PROVIDED IN <br />THE ADOPTED METROPOLITAN DEVELOPMENT GUIDE; AND <br />WHEREAS, BY JUNE 30, 1996, EACH MUNICIPALITY MUST IDENTIFY TO THE METROPOLITAN COUNCIL THE <br />ACTIONS TI•IE MUNICIPALITY PLANS TO TAKE TO MEET THE ESTABLISHED HOUSING GOALS; AND <br />WHEREAS, TIME METROPOLITAN COUNCIL MUST ADOPT, BY RESOLUTION AFTER A PUBLIC HEARING, THE <br />NEGOTIATED AFFORDABLE AND LIFE -CYCLE HOUSING GOALS FOR EACH MUNICIPALITY BY JANUARY 15, 1996; AND <br />WHEREAS, METROPOLITAN AREA MUNICIPALITY WHICH ELECTS TO PARTICIPATE IN THE LOCAL HOUSING <br />INCENTIVES ACCOUNT PROGRAM MUST DO SO BY NOVEMBER 15 OF EACH YEAR; AND <br />WHEREAS, FOR CALENDAR YEAR 1996, A METROPOLITAN AREA MUNICIPALITY CAN PARTICIPATE UNDER <br />MINNESOTA STATUTES SECTION 473.254 ONLY IF: (A) THE MUNICIPALITY ELECTS TO PARTICIPATE IN THE LOCAL HOUSING <br />INCENTIVES ACCOUNT PROGRAM BY NOVEMBER 15,1995; (B) TIM METROPOLITAN COUNCIL AND THE MUNICIPALITY , <br />SUCCESSFULLY NEGOTIATE AFFORDABLE AND LBO -CYCLE HOUSING GOALS FOR THE MUNICIPALITY; AND (C) BY JANUARY <br />15, 1996, THE METROPOLITAN COUNCIL ADOPTS BY RESOLUTION TIlE NEGOTIATED AFFORDABLE AND LIFE -CYCLE HOUSING <br />GOALS FOR EACH MUNICIPALITY; <br />NOW, THEREFORE, BE IT .RESOLVED THAT THE CITY OF LAKE ELMO HEREBY ELECTS TO PARTICIPATE. IN <br />THE LOCAL HOUSING INCENTIVES PROGRAM UNDER THE METROPOLITAN LIVABLE COMMUNITIES ACT DURING CALENDAR <br />YEAR 1996. <br />ADOPTED BY THE LAKE ELMO CITY COUNCIL TIIE 17TH. DAY OF OCTOBER, 1995. <br />REN JOHNSTON, AC'�IN MAYOR <br />ATTEST: <br />MARY UE FIVER, CI , . LERK/ADMINISTRATOR <br />