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IV.7. Authorize Application Livable Communities Demonstration Account Funding for Vista 44; Youngquist June 16, 2020 Council Report 2020-049 AUTHORIZE APPLICATION FOR LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT FUNDING FOR VISTA 44 Proposed Action Staff recommends adoption of the following motion: Move to approve Resolution 2020-035 Identifying the Need for Livable Communities Demonstration Account Funding and Authorizing Application for Grant Funds for Vista 44. Overview In December 2019, Beacon Interfaith Housing Collaborative received land use entitlements for development of a 51-unit apartment building, located on the south one-acre portion of the St. Joseph’s Church parking lot site, along 1st Street South between 12th and 13th Avenues South. Beacon is in the process of assembling funding for land acquisition and development of its project, known as Vista 44. The Metropolitan Council offers grant funding through its Livable Communities Demonstration Account Transit Oriented Development program (LCDA-TOD) for moderate to high density development projects that are located within easy walking distance of a major transit stop, which has been defined as a 0.5 mile. The Vista 44 site is within 0.5 mile of both the Downtown Hopkins and Shady Oak Light Rail Stations for Southwest Light Rail, which is also known as the Green Line Extension. Local governmental units are eligible to apply for LCDA-TOD funds. Beacon Interfaith would like to pursue $1,500,000 from the LCD-TOD fund to be used toward costs associated with land acquisition, stormwater and site preparation and has requested that the City sponsor an application to the Metropolitan Council. As part of the grant application, a resolution identifying the need for funds and authorizing an application is required. If approved, the funds would be provided to the City of Hopkins and Beacon would be the sub-recipient of the grant funds. Primary Issues to Consider The City has historically sponsored grant applications associated with the development of new multifamily housing. The action does not commit any City funds to the Vista 44 project. Supporting Information • Resolution 2020-035 ___________________________ Jan Youngquist, Community Development Coordinator Financial Impact: $_________Budgeted: Y/N ___ Source: __________ Related Documents (CIP, ERP, etc.): _______________________________________ CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 2020-035 RESOLUTION IDENTIFYING THE NEED FOR LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT FUNDING AND AUTHORIZING APPLICATION FOR GRANT FUNDS FOR VISTA 44 WHEREAS, the City of Hopkins is a participant in the Livable Communities Act’s Local Housing Incentives Account Program for 2020 as determined by the Metropolitan Council, and is therefore eligible to apply for Livable Communities Demonstration Account funds; and WHEREAS, the City has identified a proposed project within the City to be developed by Beacon Interfaith Housing Collaborative that meets the Demonstration Account’s 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, Beacon Interfaith Housing Collaborative has requested that the City sponsor an application for Livable Communities Demonstration Account funds for its Vista 44 project in the City of Hopkins; and WHEREAS, the City has the institutional, managerial and financial capability to ensure adequate project grant administration; 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 agrees to act as legal sponsor for the project contained in the grant application submitted on or before July 1, 2020; and WHEREAS, the City acknowledges Livable Communities Demonstration Account grants are intended to fund projects or project components that can serve as models, examples or prototypes for development or redevelopment projects elsewhere in the region, and therefore represents that the proposed project(s) or key components of the proposed project(s) 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 Demonstration Account 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 Demonstration Account grant funding. NOW THEREFORE BE IT 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 project to occur at this particular site and at this particular time. 2. Finds that the project components for which Livable Communities Demonstration Account funding is sought: a. will not occur solely through private or other public investment within the reasonably foreseeable future; and b. will occur within three years after a grant award only if Livable Communities Demonstration Account funding is made available for this project at this time. 3. Represents that Beacon Interfaith Housing Collaborative has undertaken reasonable and good faith efforts to procure funding for the project components for which Livable Communities Demonstration Account funding is sought but was not able to find or secure from other sources funding that is necessary for project component completion within three years. 4. Authorizes its City Manager to submit on behalf of the City and Beacon Interfaith Housing Collaborative an application for Metropolitan Council Livable Communities Demonstration Account grant funds for the project component(s) identified in the application, and to execute such agreements as may be necessary to implement the project on behalf of the City. Adopted by the City Council of the City of Hopkins this 16th day of June, 2020. By:___________________________ Jason Gadd, Mayor ATTEST: ____________________________ Amy Domeier, City Clerk