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CM®F • <br /> 1111EW <br /> N193REQUEST FOR COUNCIL CONSIDERATION A Benda Section: 10auFzuOR <br /> PT Report Number: <br /> AGENDA SESSION DA 9.5_.14� j� <br /> TE Drfinhar 1 <br /> Report Date: <br /> DISPOSITION <br /> Item Description: <br /> Update of Livable Communities Act <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> - Comments attached. ���,_'�1' <br /> 114111111.111immissommommilli <br /> LET T:M:��:�••,,y ummary (attach supplement sheets as necessary.) <br /> yl <br /> By November 15, 1995, each municipality must decide whether to <br /> Communities Act by resolution. One of the elements of the Act is participateein Affordable the d Livable <br /> Housing Opportunities Amount (ALHOA) the and Life-Cycle which shows how much each municipality must spend <br /> annually to create affordable and life-cycle housing. <br /> To spent the ALHOA amount toward affordable and life-cycle housing each <br /> If n city must justifyst <br /> amount to the Metropolitan Council or local housing that they have <br /> later decides theyg not,h they must submit the <br /> want in, they must buyinto the authority.. F e a City chooses not to participatedownro and <br /> City chooses to participate, they program. For example, if five years the road, a <br /> ALHOA is Every would have to pay the past five ALHOA <br /> year they calculate a new ALHOA amounts. For 1996, our <br /> amount. <br /> By participating in the Livable Communities Act, we are eligible <br /> funding accounts set up by the Metropolitan Council: Taxg to receive funding <br /> Communities set yn Program and Base Revitalization Program,gfrom three separate <br /> Local Housing Incentives Account. Livable <br /> The Tax Base Revitalization was created to clean up contaminat <br /> commercial/industrial redevelopment. This fundin � land for subsequent <br /> Contamination Cleanu g can be used in conjunction with DTED's <br /> they will not be ligib a for Cleanup <br /> City does not participate in the Livable Communities Act, <br /> up Program. <br /> The Livable Communities Demonstration Program <br /> activities to municipalities gam makes grants or loans for Cornet <br /> acts to link participating in the Local Housing Incentives Program. 'Thissy funding <br /> candevelopment <br /> housing,jobs and transportation. For example, a developer is creating ding can be <br /> townhouse/condominium project that will be affordable to all income <br /> will be building neighborhood services such as a <br /> drugstore, convenience store and coffeenshoe developer <br /> p <br /> Jelopr Berg, , Hous'/"inspector <br />