Loading...
IV.8. Livable Communities Transit Oriented Development Application – Artspace; ElverumApril 11, 2019 Council Report 2019-043 LIVABLE COMMUNITIES TRANSIT ORIENTED DEVELOPMENT APPLICATION – ARTSPACE Proposed Action Staff recommends adoption of the following motion: Move to approve Resolution 2019-036 identifying the need for Livable Communities Demonstration Account funding and authorizing an application for grant funds. With this motion the application will be prepared and submitted to the Metropolitan Council. Overview In 2017 Artspace, in collaboration with the City of Hopkins, conducted a feasibility study to gauge the support and appropriateness of an affordable, live/work housing development for the creative class in Hopkins. The study supported the concept. In 2018, this work was followed by a market study, supported by a Met Council grant. The market study concluded that there was a market for 30-40 affordable live/work units, as well as interest in community, studio and performance space. The next step in the development of an Artspace project in Hopkins is site identification. City staff have identified a possible development site, Lot 800, owned by the City of Hopkins. The site is currently underutilized, having capacity for 95 cars but averaging 17 at any given time. It does not generate any revenue for the City of Hopkins as it is a free parking lot. Preliminary discussions with surrounding property owners have been generally supportive of the concept. The application will request up to $100,000 to conduct due diligence including site design, community engagement, parking analysis, soil testing and legal work in order to determine the appropriateness of the site for an Artspace development. Primary Issues to Consider The application will be prepared by City staff so there is no direct expenditure of funds associated with this action. If the grant is awarded and accepted, the City would be required to provide matching funds totaling 25% of the grant and staff support. Those matching funds would come from the Economic Development account. Supporting Information • Resolution 2019-036 ___________________________ Kersten Elverum Director of Planning & Development Financial Impact: $__0__________Budgeted: Y/N ____ Source: ________________ Related Documents (CIP, ERP, etc.): _______________________________________ Notes: _______________________________________________________________ CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 2019-036 RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES TRANSIT ORIENTED DEVELOPMENT FUNDING AND AUTHORIZING AN APPLICATION FOR GRANT FUNDS WHEREAS the City of Hopkins is a participant in the Livable Communities Act's Local Housing Incentives Account Program for 2019 as determined by the Metropolitan Council, and is therefore eligible to apply for LCA Livable Communities Demonstration Account and Tax Base Revitalization Account Transit Oriented Development (collectively, “TOD”) funds; and WHEREAS, the City has identified a proposed project within the City that meets TOD purposes and criteria and is consistent with and promotes the purposes of the Metropolitan Livable Communities Act and the policies of the Metropolitan Council’s adopted metropolitan development guide; and WHEREAS, the City has the institutional, managerial and financial capability to adequately manage an LCA-TOD grant; and WHEREAS, the City certifies that it will comply with all applicable laws and regulations as stated in the grant agreement; and WHEREAS the City acknowledges TOD grants are intended to fund projects or project components that can serve as models, examples or prototypes for TOD development or redevelopment elsewhere in the Region, and therefore represents that the proposed project or key components of the proposed project can be replicated in other metropolitan-area communities; and WHEREAS only a limited amount of grant funding is available through the Metropolitan Council’s Livable Communities TOD initiative during each funding cycle and the Metropolitan Council has determined it is appropriate to allocate those scarce grant funds only to eligible projects that would not occur without the availability of TOD grant funding. BE IT FURTHER RESOLVED, that, after appropriate examination and due consideration, the governing body of the City: 1. Finds that it is in the best interests of the City’s development goals and priorities for the proposed Artspace TOD Project(s) to occur at this particular site and at this particular time. 2. Finds that the TOD Project component(s) for which Livable Communities TOD funding is sought: (a) will not occur solely through private or other public investment within the reasonably foreseeable future; and (b) will occur within the term of the grant award (two years for Pre-Development grants, and three years for Development grants) only if Livable Communities TOD funding is made available for this project at this time. 3. Authorizes its City Manager to submit on behalf of the City an application for Metropolitan Council Livable Communities TOD grant funds for the TOD Project component(s) identified in the application, and to execute such agreements as may be necessary to implement the TOD Project on behalf of the City. Adopted by the City Council of the City of Hopkins this 16th day of April, 2019. By:___________________________ Jason Gadd, Mayor ATTEST: ____________________________ Amy Domeier, City Clerk