Agenda Packets - 1997/10/27 - Laserfiche WebLink

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, Item No. 317 Staff Report No. —� L(, 0 Meeting Date: October 27,1997 Type of Business: C.A. WK: Work Session;PH:Public Hearing; City of Mounds View CA:Consent Agenda;CB:Council Business Staff Report To: Honorable Mayor and City Council From: Rick Jopke, Community Development Director Item Title/Subject: Resolution electing to continue to participate in the Local Housing Incentives Account Program under the Metropolitan Livable Communites Act Date of Report: October 14, 1997 By November 15, 1997 each metropolitan community must decide whether or not to continue in the Livable Communites Act program. To do so, each community must pass a resolution in support of the program. Each city must also demonstrate that they have spent an amount equal to or greater than the Affordable and Life Cycle Housing Amount(ALHOA) calculated by the Metropolitan Council each year. If a city does not does not spend an amount of its ALHOA it must submit that amount to the Metropolitan Council or local housing authority. Mounds View's ALHOA for 1997 and for 1998 is $0. fa) Participation in the program, allows the City access to three separate funding accounts set up by the Metropolitan Council. These include the Tax Base Revitalization Account, Livable Communities Demonstration Program, and the Local Housing Incentives Account. This also allows Mounds View access to Local Planning Assistance Grants and Loans. Mounds View and the North Metro 35W Coalition have received grants through participation in this program. Attached is Resolution No. 5171 supporting the Livable Communities Act and stating that the City of Mounds View will continue to participate in the program. RECOMMENDATION: Staff recommends that the City Council approve Resolution No. 5171 supporting the Livable Communities Act and stating that the City of Mounds View will continue to participate in the program. C:\OFFICE\WPWIN\WPDOCS\CCSTAFF.00T •