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r" <br />RESOLUTION 2012-18 <br />RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES <br />DEMONSTRATION ACCOUNT FUNDING AND AUTHORIZING AN <br />APPLICATION FOR GRANT FUNDS <br />WHEREAS the City of Hugo is a participant in the Livable Communities Act's Housing <br />Incentives Program for 2012 as determined by the Metropolitan Council, and is therefore <br />eligible to apply for Livable Communities Demonstration Account funds; and <br />WHEREAS the City has identified a proposed project within the City that meets the <br />Demonstration Account's purposes and criteria and is consistent with and promotes the <br />purposes of the Metropolitan Livable Communities Act and the policies of the <br />Metropolitan Council's adopted metropolitan development guide; and <br />WHEREAS the City has the institutional, managerial and financial capability to ensure <br />adequate project administration; and <br />WHEREAS the City certifies that it will comply with all applicable laws and regulations <br />as stated in the grant agreement; and <br />WHEREAS the City agrees to act as legal sponsor for the project contained in the grant <br />application submitted on July 9, 2012; and <br />WHEREAS the City acknowledges Livable Communities Demonstration Account grants <br />are intended to fund projects or project components that can serve as models, examples or <br />prototypes for development or redevelopment projects elsewhere in the region, and <br />therefore represents that the proposed project or key components of the proposed project <br />can be replicated in other metropolitan -area communities; and <br />WHEREAS only a limited amount of grant funding is available through the Metropolitan <br />Council's Livable Communities Demonstration Account during each funding cycle and <br />the Metropolitan Council has determined it is appropriate to allocate those scarce grant <br />funds only to eligible projects that would not occur without the availability of <br />Demonstration Account grant funding. <br />NOW THEREFORE BE IT RESOLVED that, after appropriate examination and due <br />consideration, the governing body of the City: <br />1. Finds that it is in the best interests of the City's development goals and priorities for <br />the proposed project to occur at this particular site and at this particular time. <br />2. Finds that the project component(s) for which Livable Communities Demonstration <br />Account funding is sought: <br />(a) will not occur solely through private or other public investment within the <br />reasonably foreseeable future; and <br />