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RESOLUTION 2024-27 <br /> RESOLUTION IDENTIFYING THE NEED FOR <br /> LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT FUNDING AND <br /> AUTHORIZING AN APPLICATION FOR GRANT FUNDS <br /> WHEREAS the City of Hugo is a participant in the Livable Communities Act's <br /> Housing Incentives Program for 2024 as determined by the Metropolitan Council, and is <br /> therefore 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 17, 2024; 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 />