10-09-1995 CC - Laserfiche WebLink

Home Browse Search

areO Agenda Section: 1 1 .1) REQUEST FOR COUNCIL CONSIDERATION Report Number: 95-1487C 111��06 Report Date: 10—5-9 5 STAFF REPORT Council Action: �� ❑ Special Order of Business CITY COUNCIL MEETING DATE U r t nh e r 9, 1995 ❑ Public Hearings ❑ Consent Agenda 7 Council Business Item Description: Consideration of Resolution No. 4823 Electing to Participate in the Local Housing Incentive Program Under the Metropolitan Livable Communities Act Administrator's Review/Recommendation: - No comments to supplement this report - Comments attached. Explanation/Summary (attach supplement sheets as necessary.) ;SUMMARY; As discussed at the City Council Work Session on October 2, 1995, each municipality must decide by November 15, 1995 whether to participate in the Livable Communities Act. A resolution in support of the Act is attached. This resolution was prepared by the Metropolitan Council and composed to our format. By participating in the Livable Communities Act, we will be eligible for three funding sources established by the Act: Tax Base Revitalization Program, Livable Communities Demonstration Program and Local Housing Incentives Account. A brief synopsis of each account is listed below. The Tax Base Revitalization was created to clean up contaminated land for subsequent commercial/industrial redevelopment. This funding can be used in conjunction with DTED's Contamination Cleanup Grant Program. If a City does not participate in the Livable Communities Act, they will not be eligible for DTED's Cleanup Program. The Livable Communities Demonstration Program makes grants or loans for community development activities to municipalities participating in the Local Housing Incentives Program. This funding can be I used to link housing,jobs and transportation. For example, a developer is creating a townhouse/condominium project that will be affordable to all income groups. In addition, the developer will be building neighborhood services such as a drugstore, convenience store and coffee shop. The Local Housing Incentives Account authorizes the Metropolitan Council to make grants to meet negotiated affordable and life-cycle housing goals that are consistent with and promote the policies of the Metropolitan Council. Cities can use this funding to meet housing goals including acquisition, rehabilitation and construction of permanent affordable and life cycle housing. Jennifer Bergman, Housing Inspector RECOMMENDATION;