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CR2012-093 Metropolitan Council Tax Base Revitalization Account Grans Sub-Recipient Ageement for Park Nicollet SiteA:1�� City of Hopkins August 21, 2012 Council Report 2012-093 METROPOLITAN COUNCIL TAX BASE REVITALIZATION ACCOUNT GRANT SUB -RECIPIENT AGREEMENT FOR PARK NICOLLET SITE Proposed Action Staff recommends adoption of the following motion: Approve execution of sub -recipient agreement with Klodt Development for geo-technical and soil correction funds for the Park Nicollet site. Overview The Livable Communities Act (LCA) Transit Oriented Development (TOD) program provides grant funds that will leverage the region's public investment in its transit infrastructure. Applications must be for locations that are designated Transit Improvement Areas (TIAs) or meet other criteria. All three proposed Southwest Light Rail Transit (SW LRT) stations in Hopkins were designated as TIAs in 2010. In 2011 multiple projects on the 8th Avenue corridor north of the downtown station were funded by LCA for TOD. A portion of the grant is for geo-technical and soil correction funds for the Park Nicollet site as a part of the Gallery Flats Development. The sub -recipient agreement primarily addresses the roles and responsibilities of the City of Hopkins and Klodt Development in the distribution of the grant funds. Primary Issues to Consider • What does the sub -recipient agreement consist of? Supporting Information • Sub -recipient Agreement Tara Beard Community Development Coordinator Financial Impact: $ -0 Budgeted: Y/N Source: _PIR fund (501) Related Documents (CIP, ERP, etc.): Notes: Council Report 201 -1-09 Page 2 Analysis of Issues What does the sub -recipient agreement consist of? The agreement holds the redeveloper accountable for meeting all the requirements of the grant agreement, including: the creation of an effective, bicycle- and pedestrian -friendly corridor along 8th Avenue South It also contains requirements that further protect the City, including insurance requirements and the right to demand the return of the grant funds if conditions are not met. Alternatives The Council has the following alternatives: • Approve execution of the sub -recipient agreement • Deny execution of the sub -recipient agreement and relinquish LCA for TOD funds for the Park Nicollet site. SUB -RECIPIENT AGREEMENT THIS AGREEMENT, made on or as of the day of , 2012, by and between the City of Hopkins, a home rule charter city under the laws of the State of Minnesota (hereinafter referred to as the "City"), having its principal office at 1010 First Street South, Hopkins, Minnesota 55343, and (hereinafter referred to as the "Redeveloper"), having its principal office at RECITALS: A. The Redeveloper is in the process of acquiring and redeveloping the former Park Nicollet Clinic property located on the northwest quadrant of 8th Avenue and First Street South within the City (the "Redevelopment Property'). B. The Redeveloper's redevelopment of the Redevelopment Property will require and include the performance of geo-technical evaluation and testing of subsurface conditions, soil correction and grading work on the Redevelopment Property. C. At the request of the Redeveloper, the City applied for grant funds from the Livable Communities Demonstration Account grant program administered by the Metropolitan Council ("Council") to provide funding for conducting performance of geo-technical evaluation and testing of subsurface conditions, soil correction and grading work on the Redevelopment Property described in Recital Paragraph B and in the Application and Grant Agreement identified in Recital Paragraph D on the Redevelopment Property (which geo-technical evaluation and testing of subsurface conditions, soil correction and grading work on the Redevelopment Property are referred to herein as the "Work"). D. Pursuant to an Application to the Council (the "Application"), the City has been awarded a Metropolitan Livable Communities Act Grant ("Grant"), in the amount of $900,000.00 which Grant will be disbursed by the Council to the City pursuant to the terms and conditions of the Metropolitan Livable Communities Act Grant Agreement attached hereto as Exhibit A (the "Grant Agreement"). A copy of the Application is attached to the Grant Agreement. A portion of the Grant, in the amount of $175,000.00 (the "Available Funds"), is available pursuant to the terms and conditions of the Grant Agreement to reimburse Redeveloper for costs incurred in the performance of the Work. The balance of the Grant in the amount of $725,000.00, has been awarded to the City for other uses and purposes and is not subject to this Agreement or available to Redeveloper hereunder. E. The Redeveloper has agreed to pay any amount by which the cost of the Work exceeds the Available Funds. 1 C:Ulopciv\SubRecipient Agmt.KlodOevelopment.8.3.12 F. The parties desire to set forth in writing their agreement as to the disbursement of the Available Funds from the City to the Redeveloper. NOW, THEREFORE, in consideration of the foregoing Recitals and the mutual representations, warranties, covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Accuracy of Recitals. The parties agree that the above Recitals are true and accurate and are incorporated in and made a part of this Agreement. 2. Disbursement of Grant Funds. if and to the extent that the City receives Available Funds pursuant to the Grant Agreement, the City shall timely disburse them to or for the benefit of the Redeveloper solely for the uses and purposes for which such Available Funds were disbursed by the Council, subject to the terms and conditions of this Agreement and the Grant Agreement. The City's sole obligation under this Agreement shall be to disburse to the Redeveloper any Available Funds actually received by the City pursuant to the Grant Agreement, The City makes no representation or warranty concerning the availability or sufficiency of the Available Funds. 3. Use of Funds. The Redeveloper shall use any and the Available Funds disbursed to it hereunder solely to pay, or to reimburse itself for paying, the costs and expenses incurred by the Redeveloper in connection with the Work and otherwise in accordance with and subject to the conditions imposed upon the City in the Grant Agreement. The Redeveloper shall take all steps necessary to assure such use of the Available Funds through its contracts with its contractors performing the Work. 4. The Redeveloper's Oblizations. The Grant Agreement is incorporated in and made a part of this Agreement in its entirety. The Redeveloper does hereby assume and agree to perform and observe all of the covenants, obligations, agreements and conditions to be performed or observed by the City under the Grant Agreement with respect to the Available Funds. Without limiting the generality of the foregoing, the Redeveloper specifically agrees as follows: A. Redeveloper: i) is the fee owner of all tracts or parcels of land comprising the Redevelopment Property on which the Work is to be performed; or ii) has entered into Purchase Agreements or Option Agreements by which Redeveloper is entitled to acquire fee title to all parcels comprising the Redevelopment Property on which the Work is to be performed. Redeveloper has obtained irrevocable written approval for the performance of the Work from all owners of parcels that Redeveloper has not yet acquired fee title to, and Redeveloper has the legal right to perform the Work on the Redevelopment Property. Redeveloper shall deliver to the City evidence acceptable to 2 cAHopciv\SubRecipient Agmt.KlodtDevelopment.8.3.12 the City of Redeveloper's acquisitions of fee title to the Redevelopment Property or copies of all Purchase Agreements and Option Agreements for parcels comprising the Redevelopment Property to which Developer has not yet acquired fee title together with the Owner's approvals for performance of the Work. B. The Redeveloper shall expeditiously and diligently commence and pursue the Work within the time frames specified in the Application and Grant Agreement. The Redeveloper shall immediately notify the City in the event of any change in the prospects for the timely completion of the Work. C. All contracts for performance of the Work shall comply with the provisions of the Grant Agreement and, specifically, Section 6.06 thereof. The Redeveloper shall perform the Work, and shall include in any contract for performance of any part of the Work provisions requiring the contractor to perform such part of the Work fully in compliance with the terms and conditions of the Grant Agreement and in a good and workmanlike manner and in accordance with applicable state and federal laws and regulations, including, without limitation, applicable MPCA regulations and requirements and applicable OSHA regulations, including the federal Hazardous Waste Operations and Emergency Response Standards (29 CFR 1910.120 and 29 CFR 1926.65). D. In the event that the Council, pursuant to the provisions of the Grant Agreement or otherwise, demands return of Available Funds already disbursed, the Redeveloper shall, within ten (10) days of demand by the City, pay the City the amount demanded by the Council. E. The Redeveloper shall comply with all accounting, reporting, record keeping and audit requirements of the Grant Agreement and maintain accurate and complete books, accounts and records pertaining to the Work (including without limitation any independent audits of the Redeveloper required by the Grant Agreement) and permit City, County and Minnesota State Auditor representatives and other parties designated in the Grant Agreement to have free access to and to inspect and copy all books, accounts, records and contracts relating to the Work and to discuss the same, as well as the progress and findings of the Work, with the Redeveloper's project managers at reasonable times and intervals. The Redeveloper shall retain such materials and such access and rights shall be in force and effect during the period of the Grant Agreement and for six (6) years after its termination or cancellation or such longer period of time as may be required by the Grant Agreement. Upon request, Redeveloper shall deliver to the City accurate and complete copies of all books, accounts, records, contracts and other documents related to the Work and required to be maintained pursuant to this Agreement and the Grant Agreement. The documents to be delivered to the City shall include, but are not limited to, all results of tests and inspections performed as part of the Work and all reports, summaries and assessments related to or describing the Work or results thereof. All documents delivered to the City pursuant to this Agreement shall be public 3 uAhopciv\SORecipient Agmt,KlodtDevelopment.8.3.12 information, and may be retained by the City. F. The Redeveloper shall prepare and timely submit to the City and Council all reports on distribution of the Available Funds and Work progress as required by the Grant Agreement. The City shall not be obligated to make applications for disbursement to the Council under the Grant Agreement until and unless the Redeveloper has provided all required documents and information to the City. G. The City's authorization of the submission of the Application to the Council and the City's approval and execution of the Grant Agreement was done in reliance upon and conditioned on the understanding that the City would not incur any financial obligations and that the Redeveloper would be responsible for the payment of all cost of the Work in excess of the Available Funds, including, without limitation, any required local contribution or local match required under the Grant Agreement or any other agreement, application or program related to the Work or the Redeveloper's activities on the Redevelopment Property. If the City is required to actually pay any amount in connection with the Grant or the performance of the Work, the Redeveloper shall within ten (10) days after request by the City, and as a condition of the City's payment of such amounts, pay or reimburse the City for such amounts. H. The Redeveloper shall provide all certifications at the times the same are required to be provided under the Grant Agreement. I. The Redeveloper agrees at all times during the term of this Agreement and for two (2) years after the termination hereof, to have and keep in force, and to require its contractors and subcontractors to have and keep in force, the following insurance coverage: Commercial General Liability on an occurrence basis with Contractual Liability Coverage: Limits General Aggregate $1,000,000 Personal and Advertising Injury $1,000,000 Each Occurrence — Combined Bodily Injury and Property Damage $1,000,000 2. Automobile Liability— Combined single limit each occurrence for $1,000,000 bodily injury and property damage covering owned, non -owned, and hired automobiles. 3. Workers' Compensation and Employer's Liability: a. Workers' Compensation 4 cAHopciv\SuhRecipient Agmt.ModMevelopment.8.3.12 Statutory If the contractor is based outside the State of Minnesota, coverage must apply to Minnesota laws. b. Employer's Liability. Bodily Injury by: Accident — Each accident $100,000 Disease — Policy Limit $500,000 Disease — Each Employee $100,000 4. Professional Liability — Per Claim and Aggregate $1,000,000 The Redeveloper and any contractor or subcontractor performing any of the Work under this Agreement shall furnish certificates of insurance to the City for the insurance coverages listed above, and provide updated certificates as coverage expires. Neither the Redeveloper nor any contractor or subcontractor shall commence the Work until the Redeveloper and any contractor or subcontractor has obtained the required proof of insurance which clearly evidences required insurance coverage. The Redeveloper shall otherwise comply with any requirements of the Grant Agreement related to insurance and provide all insurance policies and coverages required thereby, all without cost to the City. The foregoing insurance coverages and requirements may be satisfied by the Redeveloper or the Redeveloper's contractors purchasing and maintaining in effect insurance policies and coverages complying with the requirements stated in this Paragraph 4. By entering into this Agreement, the City does not waive any statutory, common law or other immunities or limitations on the City's liability and the City specifically reserves all such immunities and limitations of liability. J. The Redeveloper shall include in any contract, provisions that require its contractors to comply with all applicable state and federal laws and regulations regarding employment and workplace safety. In accordance with the City's policies against discrimination, no person shall be excluded from full employment rights or participation in or the benefits of any program, service, or activity on the grounds of race, color, creed, religion, age, sex, disability,. marital status, sexual orientation, public assistance status, or national origin; and no person who is protected by applicable Federal or State laws, rules, or regulations against discrimination shall be otherwise subjected to discrimination. 5. Disbursement Procedures. A. The Redeveloper shall prepare and submit to the City periodic payment requests for the costs and expenses of the Work in the form required by the Council, the City and the Grant Agreement, and the City shall forward the same to the Council in the manner and upon the schedule set forth in the Grant Agreement. The Redeveloper shall 5 cAHopciASubRecipient Agmt.K1odtDeve1opment8.3.12 submit such other documentation as the City or Council may require relative to costs of the Work. B. Payment requests may be submitted no more than monthly and shall be submitted on or before the first day of the month. C. Upon the City's receipt of Available Funds from the Council, the City shall forward the same to the Redeveloper or the contractor designated by the Redeveloper, provided (i) the Redeveloper is not in default hereunder and (ii) there has not occurred any change which, in the reasonable judgment of the City, materially adversely affects the prospects for the timely completion of the Work, as adjusted for any delay in obtaining City approvals. 6. Indemnity. The Redeveloper hereby releases and agrees to protect, indemnify, defend and hold harmless the City, the Council and their respective officials, directors, officers, employees and agents, and their respective heirs, successors and assigns (collectively, the "Indemnified Parties") from and against any and all claims, demands, judgments, penalties, liabilities, costs, damages, liens and expenses ("Liabilities"), directly or indirectly incurred by any of the Indemnified Parties, arising from the subject matter of this Agreement, the Redeveloper's default under this Agreement and/or the performance or nonperformance of the Work. The Redeveloper specifically agrees that the Indemnified Parties shall have no responsibility for, and the foregoing indemnity shall cover, Liabilities arising under environmental laws and regulations related to the Work. The Redeveloper further acknowledges and agrees that the foregoing agreement to indemnify, defend and hold the City harmless shall include indemnification against any Liabilities of the City arising under the Grant Agreement. The Redeveloper further agrees to keep the Redevelopment Property free from any Liabilities arising out of or related to the performance of the Work, including any liabilities related to payment for the cost of the Work or breach of any obligations of the Redeveloper under this Agreement. 7. Independent Contractor. The Redeveloper shall select the means, method, and manner of performing the Work. Nothing is intended or should be construed in any manner as creating or establishing the relationship of partners or joint venturers between the City and the Redeveloper or as constituting the Redeveloper as the agent, representative, or employee of the City for any purpose or in any manner whatsoever. The Redeveloper is to be and shall remain an independent contractor with respect to all services and activities described in this Agreement. Any and all personnel of the Redeveloper or other persons while engaged in the performance of any work or services required by the Redeveloper under this Agreement shall not be deemed to have any contractual relationship with the City and shall not be considered employees of the City by virtue of this Agreement. Any and all claims related to the Work that may or might arise under the Minnesota Economic Security Law or the Workers' Compensation Act of the State of Minnesota on behalf of said personnel, arising out of employment or alleged employment 6 rAHopcivlsubRecipient Agmt.K1odtDeve1opment.3.3.12 including without limitation, claims of discrimination against the Redeveloper, its officers, agents, contractors, or employees shall in no way be the responsibility of the City. The Redeveloper shall defend, indemnify and hold harmless the City, its officials, officers, agents, and employees from any and all such claims. Such personnel or other persons shall neither require nor be entitled to any compensation, rights, or benefits of any kind whatsoever from the City, including, without limitation, tenure rights, medical and hospital care, sick leave, Workers' Compensation, Re-employment Compensation, disability, severance pay, and retirement benefits. S. Costs and Expenses. The Redeveloper agrees to reimburse the City within fourteen (14) days of demand by the City for all reasonable out-of-pocket expenses paid or incurred by the City (including costs and fees and expenses of the City's attorneys at the rate of $250.00 per hour) in connection with the negotiation, preparation, approval, review, execution, delivery, amendment, modification, interpretation, collection and enforcement of this Agreement, the Grant Agreement or any amendments thereto. The obligation of the Redeveloper under this paragraph shall survive any termination of this Agreement. 9. Termination: Default, Remedies. This Agreement shall terminate if the Grant Agreement is terminated in accordance with its terms and conditions. However, the provisions of paragraph 6 of this Agreement and any other provision of this Agreement which, by its terms, impliedly or explicitly, is to survive the termination of this Agreement shall survive and be enforceable after such termination. If the Redeveloper should default under this Agreement, then in addition to any and all other rights and remedies available to the City under law, the City may suspend or terminate its obligation to forward Available Funds received pursuant to the Grant Agreement to the Redeveloper, except that the Redeveloper shall be given an opportunity to cure as provided for in the Grant Agreement. 10. Notices. All notices, requests and other communications hereunder shall be in writing and shall be delivered personally or by first class United States mail (postage prepaid) addressed to the recipient at the below address, or at such other address as such party shall have specified to the other party hereto in writing. Notices shall be deemed duly delivered for all purposes at the time of personal delivery to the representative of the City or the Redeveloper named below or two business days after being deposited in the United States mail. The addresses for notices are as follows: If to the City: City of Hopkins Attention: City Manager 1010 First Street South Hopkins, MN 55343 7 c:\Hopciv\SubRe6pient Agnt.KlodtDevelopment.8.3.12 Copy to: Mr. Jeremy S. Steiner Steiner & Curtiss, P.A. 400 Wells Fargo Bank Building 1011 First Street South Hopkins, MN 55343 If to the Redeveloper: Copy to: 10. Miscellaneous. A. Governing Law. All matters relating to the interpretation, construction, validity and enforcement of this Agreement shall be governed by the laws of the State of Minnesota. B. Entire Agreement. This Agreement contains the entire agreement of the parties relating to the subject matter hereof and supersedes all prior agreements and understandings with respect to such subject matter, and the parties hereto have made no agreements, representations or warranties relating to the subject matter of this Agreement which are not set forth herein. C. Amendments. No amendment or modification of this Agreement shall be deemed effective unless made in writing and signed by the parties hereto. D. No Waiver. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel to enforce any provisions of this Agreement, except by a statement in writing signed by the party against whom enforcement of the waiver or estoppel is sought. Any written waiver shall not be deemed a continuing waiver unless specifically stated, shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future 8 cA\Hopciv\SubRecipient Agmt,KlodtDevelopment.8.3.12 or as to any act other than that specifically waived. E. Assignment. This Agreement shall not be assignable, in whole or in part, by either parry without the prior written consent of the other party. F. Counterparts. This Agreement may be simultaneously executed in any number of counterparts, and such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument. G. Severability. To the extent any provision of this Agreement shall be invalid or unenforceable, it shall be considered deleted herefrom and the remainder of such provision and of this Agreement shall be unaffected and shall continue in full force and effect. H. Exhibits; Cautions and Headlines; Interpretation. Exhibits A hereto is incorporated herein by reference. The captions and paragraph headings herein are for convenience of reference only and shall not affect the construction or interpretation of this Agreement. Should any provision of this Agreement require judicial interpretation, it is agreed that the court interpreting or construing the same shall not apply a presumption that the terms hereof shall be more strictly construed against one party by reason of the rule of construction that a document is to be construed more strictly against the party who itself or through its agent prepared the same, it being agreed that the agents of both parties have participated in the preparation hereof. I. Binding Effect. This Agreement shall be binding on and inure to the benefit of the parties hereto and their respective successors and permitted assigns. J. No Third -Party Beneficiaries. With the exception of the Council, there are no third party beneficiaries of this Agreement, intended or otherwise. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. See Page 10 for Signatures 9 rAHopeMSubRecipient Agnt.KlodtDevelopment.8.3.12 REDEVELOPER: CITY: Lo Its 10 cAHopciv\SubRecipient A3nt.KlodtDevelopment.8.3.12 CITY OF HOPKINS By Its By Its EXHIBIT A fes.:,, Appendix 1— Grant Agreement GRANTEE: City of Hopkins GRANT NO. SG011-195 (12) PROJECT: 8a' Avenue Corridor— Phase I GRANT AMOUNT: $900,000 FUNDING CYCLE: 2011 COUNCIL ACTION: April 25, 2012 EXPIRATION DATE: April 30, 2015 METROPOLITAN LIVABLE COMMIJNITIES ACT GRANT AGREEMENT THIS GRANT AGREEMENT ("Agreement"} is made and entered into by the Metropolitan Council ("Council") and the Municipality,, County or Development Authority identified above as "Grantee, WHEREAS, Minnesota. Statutes section 473.251creates the Metropolitan Livable Communities Fund, the uses of which fund, must be consistent with and promote the purposes of the Metropolitan Livable Communities Act ("LCA') and the policies of the Council's Metropolitan Development is Guide; sand WHEREAS, Minnesota Statutes sections 473.251 and 473.253 establish within the Metropolitan Livable Communities Fund a. Livable Communities Demonstration Account and require the Council to use the funds. in the account to make grants or loans to municipalities participating in the Local Housing Incentives Program under Minnesota Statutes section 473.254 or to Counties ' or Development Authorities to fund the initiatives specified in Minnesota Statutes section 473.25(b) in Participating Municipalities; and WHEREAS, the Council has established an LGA Transit Oriented Development (."70137) program . to help leverage the metropolitan area's public investment in its transit infrastructure; and WHEREAS, the Grantee is a Municipality participating in the Local Housing Incentives Account program under Minnesota Statutes section 473.254, a County or a Development Authority; and WHEREAS, the Grantee seeks funding in connection with an application for Livable Communities Demonstration Account grant program funds submitted in response to the Council's notice of availability of grant funds for the "Funding Cycle" identified above and will use the grant funds made available under this Agreement to help fund the "Project" identified in the application; and WHEREAS, the Grantee represented in its application that certain land use guidelines or official controls and other required threshold criteria were in place at the time of the application or that certain land use guidelines and official controls and other required threshold criteria would be in place within thirty-six. (36) months from the date of the "Council Action" identified above; and fJff/fr?!�:L!3Y!'C-:;1._4}iffJlf.IflJfi::.____.:.'!f.'S:__:Yr.:rn�r.�=f=fry-'_�r_`%rr_ 14—:: �.s ___ -r.r �f _rte -F rrl _Bili;=i:i}ir_�s :s".--. - --_, ^eF:=F:uu"rrria:%!r"•re=f_=-;s=4?^:�:v� WHEREAS, the Council awarded Livable Communities Demonstration Account TOD program grant finds to the Grantee subject to any terns, conditions and clarifications stated in its Council Action, and with the understanding .that the Project identified in the application will proceed to completion in, a, timely manner that all grant funds will be expended prior to the "Expiration Date" identified above, and that the land use guidelines and official controls and other required threshold criteria identified in the Grantee's application currently are in place or will be in place as stated in the Grantee's application. NOW THEREFORE, in reliance on the above statements and in consideration of the mutual promises and covenants contained in this Agreement, the Grantee and the Council agree as follows: I. DEFINITIONS 1.01. Definition of Terms. The terns defined in this section have the meanings given them in this section unless otherwise provided or indicated by the context. (a) ' Commenced For the -purposes of Sections 2.07 and 4.03,. "commericed" means significant physical improvements have occurred in furtherance of the Project (e.g.; a foundation' is being constructed or other tangible work on a structure has been initiated). In the absence of significant physical improvements, visible staking, engineering, land surveying, soil testing, cleanup site investigation, or pollution cleanup activities are not evidence of Project commencement for the purposes of this Agreement. (b) Council Action. "Council Action" means the action or decision of the governing body of the Metropolitan Council, on the meeting date identified at Page 1 of this Agreement, by which the Grantee was awarded Livable Communities Demonstration Account TOD program grant funds. (c) County. "County" means Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington Counties. (d) Deveelopment Authorhy. ."Development Authority" means a statutory or home rule charter city, a housing and redevelopment authority, an economic development authority, or a port authority in the Metropolitan Area. (e) Metropolitan Area. "Metropolitan Area" means the seven county metropolitan area, as defined by Minnesota Statutes section 473.121, subdivision 2. (f) MuNieipality. "Municipality" means a . statutory or 'home rule charter city or town participating in the Local Housing Incentives Account Program under Minnesota Statutes section 473.254. (g) Named TOD Area. "Named TOD Area" means the TOD area identified by name and location in the Grantee's application for TOD program funds and in the TOD Project Summary attached to this Agreement, (h) Parrticipating'Murricipality. Participating Municipality" means a statutory or home rule �5�;. charter city or town which has elected to participate in the Local Housing Incentive Account ` 2 ..::�/!>ffl:..F:}_:: � r:�3-�.Gvw%�l/.?!=r.'.i...�...-� iiia =_,.' -!'.!ii fif.�Frf �=�r_r.�__� �C:�:s s:/.=K-..s fv--Y��'��.—__rr_f=Y��lrr../rr/F+.r..e..+.,e_.:�_r=_.___._ �'.-f ==,r, • f- rr�t�_�rr. 6 program and negotiated affordable and life -cycle housing goals for the Municipality pursuant to Minnesota Statutes section 473.254. (i) Project. Unless clearly indicated otherwise by the ' context of a specific provision in this Agreement, "Project" means the TOD development or redevelopment project identified in the application for Livable Communities Demonstration Account TOD program grant fimds for which grant funds were requested that provides the deliverables upon which the application was scored. Grant -funded activities typically are components of the Project. (j) Transit Oriented Development. "Transit Oriented Development" means high density, mixed use development adjacent to transit stations using pedestrian -friendly design standards. 11L GRANT FUNDS J 2.01. Total Grant Amount. The Council will grant to the Grantee the "Grant Amount" identified at Page 1 of this Agreement which shall be funds from the Livable Communities Demonstration Account of the Metropolitan Livable Communities Fund. Notwithstanding any other provision of this Agreement, the Grantee understands and agrees that any reduction or termination of, Livable Communities Demonstration Account TOD program grant funds made available to the Council may result in a Iike reduction in the Grant Amount made available to the Grantee. 2.02. Authorized Use of Grant Funds. The Grant Amount made available, to. the Grantee under this Agreement shall_ be used only for the purposes and activities described in the .application for Livable Communities .Demonstration Account TOD program grant funds. The grant funds may be ` used for reimbursement of real estate acquisition costs if: (a) the property was purchased within the 0 twelve-month period preceding the date by which the TOD grant program applications for the Funding Cycle were due; (b) the real estate was purchased by.the Grantee or by a not-for-profit or a socially responsible developer; and (c) the Project will lead to the development of affordable housing or will result in jobs retained, created or made more accessible to low-income and .underserved populations, including opportunities for entrepreneurship. Property holding costs are an eligible use of grant funds but may not exceed five percent (5%) of. the amount of the grant funds awarded for- property acquisition. A TOD Project Summary that describes eligible uses of the grant funds as approved by the Council is attached to and incorporated into this Agreement as Attachment A. Grant funds must be used to fund the initiatives specified in Minnesota Statutes section 473.25(b), in a Participating Municipality. 2.03. Ineligible Uses. Grant funds .must be used for costs directly associated with the specific proposed Project activities and shall not be. used for "soft costs" such as: administrative overhead; travel expenses; legal fees; insurance; bonds; permits, licenses or authorization. fees; costs associated with preparing other grant proposals; operating expenses; planning costs,including comprehensive planning costs; and prorated lease and salary costs. .Except as provided in Section 2.02, the grant funds may not be used for cost§ of Project.activities that occurred prior to the grant award. A detailed list of ineligible and eligible costs is available from the Council's Livable .Communities program office. Except for reimbursement for real estate acquisition and holding costs as provided in Section 2.02, grant fiords also shall not be used by the Grantee or others to supplant or replace: (a) grant or loan funds. obtained for the Project from other sources; or (b) Grantee contributions to the. Project, a including financial assistance, real property or other resources of the Grantee. The Councilshall bear �� no responsibility for cost overruns which may be incurred by the Grantee or others in the implementation' or performance of the Project activities. The Grantee agrees to comply with any #' "business subsidy" requirements of Minnesota Statutes sections 1161993 to 1161995 that apply to the Grantee's expenditures or uses of the grant funds. 2.04. ' Loads for Low -Income housing Tax Credit Projects. If consistent with the application and the Project activities described in Attachment A or if requested in writing by the Grantee, the Grantee may- structure the grant assistance to the Project as a loan so the Project owner can take advantage of federal and state low-income housing tax credit programs. The Grantee may use the grant funds as a loan for a low-income housing tax credit project, subject to the terms and conditions stated in Sections 2.02 and 2.03 and the following additional terms and conditions: (a) The Grantee covenants and represents to the Council that the Project is a rental housing project that received or will receive an award of low-income housing tax credits under Section 42 of the Internal Revenue Code of 1986, as amended, and the low-income housing tax credit program administered by the Minnesota Housing Finance Agency. (b) The Grantee will •execute a loan agreement with the Project owner. Prior to disbursing any grant funds for the Project, the Grantee will provide to the Council a copy of the loan agreement between the Grantee and the Project owner. (c) The Grantee will submit annual written reports to the Council that certify: (1) the grant funds continue to be used for the Project for which the grant funds were awarded; and (2) the Project . is a "qualified low-income housing project" under Section 42 of the Internal Revenue Code of 1986, � as amended. This annual reporting requirement is in addition to the reporting "l riequirements stated in Section 3.03. Notwithstanding the Expiration Date identified at Page 1` of this Agreement and referenced in Section 4.01, the Grantee will submit the annual certification reports during the initial "compliance period and any "extended use period, or until such time as the Council terminates this annual reporting requirement by written notice to the Grantee. (d} 'The:grant funds made available to the Grantee and disbursed to the Project owner by the Grantee in the form of a loan may be used only for the grant -eligible activities and Project - components for which the Grantee was awarded the grant funds. For the purposes of this Agreement, the term "Project owner" means the current Project owner and any Project owner successor(s). (e) Pursuant to Section 2.03, the grant funds made available to the Grantee and disbursed to the Project owner in the form of a loan shall not be used by the Grantee, the Project owner or others to supplant or. replace: (1) grant or loan funds obtained for the Project from other sources; or (2) Grantee contributions to the Project, including financial assistance, real property or other resources of the Grantee. The Council will not make the grant funds available to the Grantee in a lump sum payment, but will disburse the grant funds to the Grantee on a reimbursement basis pursuant to Section 2.10. (f) By executing this Agreement, the Grantee: (1) acknowledges that the Council expects the loan will be repaid so the grant funds may be used to help fund other activities consistent with the requirements of the Metropolitan Livable Communities Act; (2) covenants, represents and warrants to the Council that the Grantee's loan to the Project owner will meet all applicable 4 _____�.:?= �.:'1/VSA=:''Y{✓/f.«.r ��:'.-:::�:fitL'-iw:f.-i'l i:v.'I iJ.'i.� �liill�:.__1__C=xx�rJv_�:}_}:':: f!!-_i__..:�; v: rii�tl+f fi:r rrl��/-.'.'::..-:-�_�L:.. ll1Sf� ✓��•_-1+�_Y�._... �JG�IIlJJl1 __L� { low-income housing tax credit programrequirements under Section 42 of the Internal Revenue Code of 1986, as amended (the `Vode"), and the low-income housing tax credit program administered by the Minnesota Housing Finance Agency; and (3) agrees to administer .its loan to the Project owner consistent with federal and state low-income housing tax credit program requirements. (g) The Grantee will, at its own expense, use diligent efforts to recover loan proceeds: (1) when the Project owner becomes obligated to repay the Grantee's loan or defaults on the Grantee's loan; (2) when the initial thirty-year "compliance period" expires, unless the Council agrees in writing that the Grantee may make the grant funds available as a loan to the Project owners for an "extended .use period"; and (3) if noncompliance with low-income housing tax credit program requirements or some other event triggers the Project owner's repayment obligations under its loan agreement with the Grantee. The Grantee must repay to the Council all loan repayment amounts the Grantee receives from the Project owner. The Grantee shall not be obligated to repay the grant.fimds to the Council except to the extent the Project owner repays its loan to the Grantee, provided the Grantee has exercised the reasonable degree of diligence and used administrative and legal remedies a reasonable and prudent public housing agency would use . to obtain payment on a loan, taking into consideration (if applicable) the subordinated nature of the loan. At its discretion, the Council may: (1) permit the Grantee to use the loan repayment from the Project owner to continue supporting affordable housing components of the Project; or (2) require the Grantee to remit the grant funds to the Council. (h) If the Grantee earns any interest or other income from.its loan agreement with the Project owner, the Grantee will: (1) use the. interest earnings or -income only for the purposes of implementing the Project activities for which the grant was awarded; or (2) remit the interest earnings or income to the Council. The Grantee is not obligated to earn any interest or other income from its loan agreement with the Project owner, except to the extent required by.any applicable law. 2.05. Revolving Loans. If consistent with the application and the TQD Project Summary or if requested in writing by the Grantee, the Grantee may use. the grant funds to make deferred loans (loans made without interest or periodic payments), revolving loans (loans made with interest and periodic payments) or otherwise make the grant funds available on a "revolving" basis for the purposes of implementing the Project activities described in Attachment A. The Grantee will submit annual written reports to the Council that report on the uses of the grant funds. The form and content of the report will be determined by the Council. This annual reporting requirement is in addition to the reporting requirements stated in Section 3.03. Notwithstanding the Expiration Date identified at . Page 1 of this Agreement and referenced in Section 4.01, :the Grantee will submit the annual reports until the deferred or revolving loan programs terminate, or until such time as the Council terminates this annual reporting requirement by written notice to the Grantee. At its discretion, the Council may: . (1) permit the Grantee to use loan repayments to continue supporting affordable -housing components of the Project; or (2) require the Grantee to remit the grant funds to the Council. 2.06. Restrictions on Loans to Sabrecipients. The Grantee shall not permit any subgrantee or subrecipient to use the grant _funds for loans to any subrecipient at any tier unless the Grantee obtains the prior written consent of the Council. The requirements of this Section 2.06 shall be Vincluded in all subgrant and subrecipient agreements. spa - . r��.�sri{!Yf![r{{jar{f//{/ r. -_ - �:i �.t:� �_;:•rii•. -i; r.:__,r. :}-• - �:;! � _ _ _ _ - _ _ _ _ - - - �:ltl r r rrrrrrr.= -r a ir�.vv��r .+f _ _ - ro-r �srl.•rirr.:....................:.�:.:........_-. _ !.-.,-J. r.-.---:rs-�:.rraa:_.--rr, =::.-:7 __.-- t::-'-:...-_.... /.tel ..rrr: t �::_ _ _-.___: f lfi�f_.:-�ir 2.07. Project_ Commencement and Changes. The Project for which grant funds were requested must be "commenced" prior to the Expiration Date. If the grant funds will be used for land acquisition and holding costs, the Project need not be commenced prior to the Expiration.Date but the.pioperty acquired for the Project must be purchased prior to the Expiration Date. The Grantee must promptly inform the Council in writing of any significant changes to the Project for which the grant fiords were awarded, as well as any potential changes to the grant -funded activities described in Attachment A. Failure to inform the Council of any significant changes to the Project or significant . changes to grant -funded components of the Project, and use of grant funds for ineligible or unauthorized purposes, will jeopardize the Grantee's eligibility for future LCA awards. Grant funds will not be disbursed prior to Council approval of significant changes to either the Project or grant - funded activities described in Attachment A. 2.08. Budget Variance. A variance of twenty percent (20%) in the budget amounts for grant - funded lactivitics identified in Attachment A shall be considered acceptable without Council approval, provided no budget amount for any individual grant -funded activity may be increased or decreased .by more than twenty percent (20%) from the budget amountidentified in Attachment A. Budget variances for any individual grant -funded activity identified in Attachment A exceeding twenty percent (20%) will require Council approval.. Notwithstanding the aggregate or net effect of any variances, the Council's obligation to provide grant funds under this Agreement shall not exceed the Grant Amount identified at Page l of this Agreement. . 2.09. boss of Grant Fnnds. The Grantee agrees to remit to the Council in a prompt manner. any unspent grant funds, including any grant funds that are not expended prior to the Expiration Date identified at Page 1 of this Agreement; any grant funds that are not used for the authorized'F purposes; and. any interest earnings described in Section 2.11 that are not used for the purposes of implementing the grant -funded Project activities described in Attachment A. For the purposes of this Agreom`ent, grant funds are "expended" prior to the Expiration Date if the Grantee pays or is obligated to pay for expenses of eligible grant -funded Project activities that occurred prior to the Expiration Date and the eligible expenses were incurred prior to the Expiration Date. Unspent or unused grant. funds and other funds remitted to the Council shall revert to the Council's Livable Communities`Demonstration Account for distribution through application processes in future Funding Cycles or as otherwise permitted bylaw. 2.10. Payment Request Forms and Disbursements. The Council will disburse grant -funds in response to written payment requests submitted by the Grantee and reviewed and approved by the• Council's authorized agent. Written payment requests shall be made using payment request forms, the form and content of which will be determined by the Council. Payment request and other reporting forms will be provided to the Grantee by the Council. The Council will disburse grant funds on: a reimbursement basis or a "cost incurred" basis. The Grantee must provide with its written payment requests documentation that shows grant -funded Project activities actually have been completed. Subject to verification of each payment request form (and its documentation) and approval for consistency with this Agreement, the Council will disburse a requested amount to the Grantee within two (2) weeks after receipt of a properly completed and verified payment request form.. 2.11. Interest Earnings. If the Grantee cams any interest or other income from the grant funds received from the Council under this Agreement, the ,Grantee will use the interest earnings or income only for the purposes of implementing the Project activities described in Attachment A. 6 2.12. Effect of Grant. Issuance of this grant neither implies any Council responsibility for contamination, if any, at the Project site nor imposes any obligation on the Council to participate in any pollution cleanup of the Project site if such cleanup is undertaken or required. M. ACCOUNTING, AUDIT AND REPORT REQUIREMENTS 3.01. Accounting and Records. The Grantee agrees to establish and maintain accurate and complete accountsand records relating to the receipt and expenditure of all grant funds received from, the Council. Notwithstanding the expiration and termination provisions of Sections 4.01 and 4.02, such accounts and records shall be kept and maintained by the Grantee for a period of six (6) years following the completion of the Project activities described in Attachment A or six (6) years following the expenditure of the grant funds, whichever occurs.earlier. Accounting methods shall be in accordance with generally accepted accounting principles. 3.02. Andits. The above accounts and records of the Grantee shall be audited in the same manner as all other accounts and records of the Grantee are audited and may beaudited or inspected on the Grantee's premises or otherwise by individuals or organizations designated and authorized by the Council at anytime, following reasonable notification to the Grantee, for a period of six (6) years following the completion of the Project activities or six (6) years following the expenditure of the grant fiords, whichever occurs earlier. Pursuant to Minnesota Statutes section 16C.05, subdivision 5, the books, records, documents and accounting procedures and practices of .the. Grantee' that are relevant to this Agreement. are subject to examination by the Council and either. the Legislative .� . Auditor or the State Auditor, as appropriate, for a minimum of six (6) years. 3.03. Report Requirements. The Grantee will report to the Council on the status of the Project activities described in Attachment A and the expenditures of the grant funds. Submission of properly completed payment request forms (with proper documentation) required under Section 2.10 will constitute periodic status reports. However, if the Grantee has not submitted any payment request forms during the first three months of the term of this Agreement, the Grantee must submit quarterly reports prior to the Grantee's first draw request. The Grantee also must complete and submit to the Council a grant activity closeout report. The closeout report form must be submitted within 120 days after the expiration or termination of this Agreement, whichever occurs earlier. Within 120 days after the Expiration Date, the Grantee must complete and submit to the Council a certification of expenditures of funds form signed by. the Grantee's chief financial officer or finance director. The form and content of the closeout report and the certification form will be determined by the Council. These reporting requirements and the reporting requirements of Sections 2.04 and 2.05 shall survive the expiration or termination of this Agreement. 3.04. Environmental Site Assessment. The Grantee represents that a Phase I Environmental Site Assessment or other environmental review has been or will be carried out, if such environmental assessment or review is appropriate for the scope and nature of the Project activities funded by this grant, and that any environmental issues have been or will be adequately addressed. IV. AGREEMENT TERM 4.01. Term. This Agreement is effective upon execution of the Agreement by the Council. Unless terminated pursuant to Section 4.02, this Agreement expires on the "Expiration Date" 7 -- r��.v.. ru��ssr �.-z:- - --+r:r__ __ .,7 +r;....1 _._ •=•r_�-fr -_ .:Trir s<< - -':r.-i = rf rr..r,-�ri1��='��fc -_.:: f�tLylr_%�l/!f/l�flf��J.rsr�'=✓'r'{_L'_G__/�,_�._rFl r .. � ��..�:..�... _u�_rr_—�....r.- �. �,•.r ... = r.'•a _....1r1.✓:=w:c:_.0{rr-..,-'__.��_'___'.•_'_r.�.�___.__ _/. , i� identified at Page 1 of this Agreement. ALL GRANT FUNDS NOT EXPENDED BY THE GRANTEE PRIOR TO THE EXPIRATION DATE SHALL REVERT TO THE COUNCIL. 4.02. Termination. This Agreement may be terminated by the Council for cause at any time upon fourteen (14) calendar days' written notice to the Grantee. Cause shall mean a material breach of this Agreement and any amendments of this Agreement. If this Agreement is terminated prior to the Expiration Date, the Grantee shall receive payment on a pro rata basis for eligible Project activities described in Attachment A that have been completed prior to the termination. Termination of this Agreement does not alter the' Council's authority to recover grant funds on the basis of a later audit or other review, and does not alter the Grantee's obligation to return any grant funds due to the Council as a result of later audits or corrections. If the Council determines the Grantee has failed to comply with the terms and conditions of this Agreement and the applicable provisions of the Metropolitan Livable Communities Act, the Council may take any action to protect the Council's interests and innay refuse to disburse additional grant funds and may require the Grantee to return all or part of the grant funds already disbursed. 4.03. Amendments and Extension. The Council and the Grantee may amend this Agreement by mutual agreement. Amendments or an extension of this Agreement shall be effective only on the execution of written amendments signed by authorized representatives of the Council and the Grantee. If the Grantee needs additional time within which to complete grant -funded activities and commence the Project, the Grantee must submit to the Council AT LEAST NINETY (90) CALENDAR DAYS PRIOR TO THE EXPIRATION DATE; a resolution of the Grantee's governing body requesting the extension and a written extension request. The form and content of the written extension request and instructions for requesting an extension are available online at: http;IAvw v:metrocouncil.org. THE EXPIRATION DATE MAY BE EXTENDED, BUT THE PERIOD OF ANY EXTENSION(S)SHALL NOT E X-C E E D TWO (2) YEARS BEYOND THE ORIGINAL EXPIRATION DATE IDENTIFIED AT PAGE 1 OF THIS AGREEMENT. V. GENERAL PROVISIONS 5.01. Egnal.Opportunity. The Grantee agrees it will not discriminate against any employee or applicant for employment because of race, color, creed, religion, national origin, sex, marital status, status with'regard to public assistance, membership or activity in a local civil rights commission, disability, sexual orientation or age and will take affirmative action to insure applicants and employees are treated equally with respect to all aspects of employment, rates of pay and other forins of compensation, and selection for training. 5.02. Conflict of Interest. The members, officers and employees of the Grantee shall comply with all applicable state statutory and regulatory conflict of interest laws and provisions. 5.03. Liability. Subject to the limitations provided in Minnesota Statutes chapter 466, to the fullest extent permitted by law, the Grantee shall defend, indemnify and hold harmless the Council and its members, employees and agents from and against all claims, damages, losses and expenses, including but not limited to attorneys' fees, arising out of or resulting from the 'conduct or implementation of the Project activities funded by this grant, except to the extent the claims, damages, losses and expenses arise from the Council's own negligence. Claims included in this indemnification include, without limitation; any claims asserted pursuant to the Minnesota Environmental Response and Liability Act (1VIERLA), Minnesota Statutes chapter 11513, the federal`"'" ._.:>?�::_ _:.i==rs�=_.��-� io-��:-_ -z_ rfru:•_�%•___-...:_.rs�;;�_;t;:= .::: =:,s -r _ , - �...,r.-rrirrs-i�rr_:�_Fs�X.---.-r�:. ,-_u.y�-.�.v�t :xz: rcc r...�r.•.w.t•..-_. -r.:_v �t_:.:��s �'- Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) as amended, United States Code, title 42, sections 9601 et seq., and the federal Resource Conservation and Recovery Act of 1976 (RCRA) as amended, United State's Code, title 42, sections 6901 et seq. This obligation shall not be construed to negate, abridge or. otherwise reduce any other right or obligation of indemnity which otherwise would exist between the Council -and the Grantee. The provisions of this section shall survive the expiration or termination of this Agreement. This indemnification shall not be construed. as a waiver on the part of either the Grantee or the Council of any immunities or limits on liability provided by Minnesota Statutes chapter 466, or other applicable state or federal law. 5.04. Acknowledgments and Signage. The Grantee will acknowledge the financial assistance provided by the Council in promotional materials, press releases, reports and publications relating to the Project. The acknowledgment will contain the following or comparable language: Financing for this project was provided by the Metropolitan Council Metropolitan.Livable Communities Fund. Until the Project is completed, the Grantee shall ensure the above acknowledgment language, or alternative language approved by the Council's authorized agent, is included on all signs (if any) located at Project or construction sites that identify Project funding partners or entitiesproviding financial support for the Project. The acknowledgment and signage should refer to the "Metropolitan Council" (not "Met Council" or "Metro Council"). 5.05. Permits, Bonds and _Approvals. The Council assumes no responsibility for obtaining any •-� applicable local, state or federal licenses, permits, bonds, authorizations or approvals necessary to perform or complete the Project activities described in Attachment A. The Grantee and its developer(s), if any, must comply with all applicable licensing, permitting, bonding, authorization and approval requirements of federal, state and local governmental and regulatory agencies, including conservation districts. 5.06. Subgrantees, Contractors and Subcontractors. The Grantee shall include in any subgrant, contract or subcontract for Project activities appropriate provisions to ensure subgrantee, contractor and subcontractor compliance with all applicable ' state and federal laws and this Agreement. Along with such provisions,, the Grantee shall require that .contractors and subcontractors performing work covered by this grant comply with all applicable state and federal Occupational Safety and Hbalth Act regulations. 5.07. Stormwater Discharge and'Water Management Plan Requirements. If any grant funds are used for urban site redevelopment, the Grantee shall at such redevelopment site meet or require to be met all applicable requirements of: (a) Federal and state laws relating to stormwater discharges including, without limitation, any applicable requirements of Code of Federal Regulations, title 40, parts 122 and 123; and (b) . The Council's 2030 Water Resources Management Policy Plan and the local water management pian for the jurisdiction within which the redevelopment site is located. :.m i w• i• - f�r� - - -_ 15+••Jf � 1s:'�.r ,[: - .= .,3i . -- r: rs �:ii: ,�=: %i" r,.iurfr:-!•_ -cr - :Y%f "lir yi tO r f_.r c-rr L�S.af�77�_lff. ,r�fr.�'.� .�: r r..,r. r..:__ r_ t-----� •--- -_f .r cx.. •r rr.. 5.08. Authorized Agent. Payment request forms, written reports and correspondence submitted to the Council pursuant to this Agreement shall be directed to: Metropolitan Council. Attn: LCA Grants Administration 390 Robert Street North Saint Paul, Minnesota 55101-1805 5.09. Non -Assignment. Minnesota Statutes section 473.253, subdivision 2 requires the Council to distribute grant funds to eligible "municipalities," metropolitan -area counties or "development authorities" for projects in municipalities participating in the Local Housing Incentives Account program. Accordingly, this Agreement is not assignable and shall not be assigned by the Grantee. 5.10. Warranty of Legal Capacity. The individuals signing this Agreement on behalf of the Grantee and on behalf of the Council represent and warrant on the Grantee's and the Council's behalf respectively that the individuals are duly authorized to execute this Agreement on the Grantee's and the Council's behalf respectively and that this Agreement constitutes the Grantee's and the. Council's valid, binding and enforceable agreements. IN WITNESS WTEREOF, the Grantee and the Council have caused this Agreement to be executed by their duly authorized representatives. This Agreement is effective on the date of final execution by the Council. CITY OF HOPIIGNNS METROPOLITAN COUNCIL 10 Guy Peterson, Director Community Development Division MAN ,____!'_e ft'7 �SLrff j!}li :r : Fr : r_F_-r_-1 _C L{r7fr�r_ L. }�!'-r;f..f ?: _.'1 2'ff!£ Ji. ':: l `.: _...:Ylrl-!":.! 'f.'fF ^=!l_.Ls!i--.±.: r __�'WI;: F /ham"illffFn:v r r'.:1 = C:iYFiifrJx�Yh'flf?:: 4) . . TOD PROJECT SUMMARY This attachment comprises this page and the succeeding page(s) which contain(s) a summary of the Project identified in the application for Livable Communities Demonstration Account TOD program grant funds submitted in response to the Council's notice of availability of Demonstration Account grant funds for the Funding Cycle identified at Page I of this Agreement. The summary reflects the proposed Project for which the Grantee was awarded grant funds by the Council Action, and may reflect changes in Project funding sources, changes in funding amounts, or minor changes in the proposed Project that occurred subsequent to application submission. The application is incorporated into this Agreement by reference and is made a part of this Agreement as follows. If the application or any provision of the application conflicts with or is inconsistent with the Council Action, other provisions of this Agreement, or the TOD Project Summary contained in this Attachment A, the terms, descriptions and dollar amounts reflected in the Council Action or contained in this Agreement and the TOD Project Summary shall prevail. For the purposes of resolving conflicts or inconsistencies, the order of precedence is: (1) the Council Action; (2) this Agreement; (3) the TOD Project Summary; and (4) the grant application. 11 ..r_...- - i -.i ,Y• rsr.i.r : -. �rrrr_ = _._. _� -.. f.. r.. .:.. _ . � _ -: ._...._.... f .J .... ___1:::::._:..' � __ ...._— _�_r_ i �.,. Transit Oriented Development Project Summary Type: TOD Development Grant #: SG011_ 195 Applicant City of Hopkins Project Name 8th Avenue Corridor - Phase I Project Location 15 9th Avenue North (Snyder Drug), 815 13t Street South (Park Nicollet), and 22 and 14 8th Avenue North (Municipal parking lots) in Hopkins Council District 3 - Jennifer Munt Funding Requested Recommended amount $900,000 amount $900,D00 Project Detail: Project summary The TOD project addresses a corridor from the Hopkins Station to the Minnetonka LRT regional trail along 8th Avenue In downtown Hopkins, using a comprehensive approach to create the optimal link between the Station and Mainstreet. The approach has three major components: design and build a streetscape along 8th. Avenue that uses bicycle lanes, public art, sidewalks, and other TOD standards to link the Station to Mainstreet; assemble and prepare land for a shared public parking ramp on 8th Avenue north of Mainstreet to direct parking needs away from the Station and TOD within 1/4 mile; and provide environmental cleanup and demolition funds for a TOD project on the 8th Avenue corridor. All TBRA cleanup work will be done on the Park Nicollet site. Jobs 4 Total housing units 106 market rate units and 21 affordable units Private Investment 0 Other public $427,000 Investment Demonstration value The project will stimulate development potential and market viability for TOD for the long-term, and In the short term, on five key properties just west of 8th Avenue, by enhancing the pedestrian experience and station linkage to downtown Hopkins and Its Main Street area; facilitate development of a 64 -unit rental residential project on the site of a vacant medical clinic by providing demolition funds; consolidate parking In the downtown, so as to open up surface parking sites for additional development; and Improve the streetscape along 8th Avenue, the main thoroughfare that will connect Downtown Hopkins with the Southwest LRT station, thus better serving LRT patrons originating in Downtown Hopkins and drawing LRT passengers Into the downtown. Use of Funds