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CR 2013-071 Metropolitan Council Livable Communities Transit Oriented Development Program - Oxford GreenG\TY OP im July 23, 2013 y O P K I N S Council Report 2013-071 Metropolitan Council Livable Communities Transit Oriented Development Program — Oxford Green Proposed Action Staff recommends adoption of the following motion: Move to approve Resolution 2013- 040 identifying the need for Livable Communities Transit Oriented Development Funding and authorizing an application for grant funds. Overview The Metropolitan Council offers Livable Communities Act (LCA) grant funding for transit oriented developments that promote moderate to high density development projects located within walking distance of major transit stops. Projects must be directly connected to transit via pedestrian friendly streets and public spaces, and offer people from various ages, backgrounds, and incomes abundant, convenient, and affordable transportation choices. Eligible projects must be located within an LCA-TOD Eligible Area and be within '/z mile of a transit stop. Station stops along the SW LRT line are considered within the eligible area. Project for Pride in Living (PPL) has proposed a 51 -unit affordable apartment building at the southeast corner of Oxford Avenue and Blake Road, within '/z mile of the future Blake Station. The project would be constructed on what is currently six parcels consisting of renter -occupied duplexes. The properties are immediately adjacent to Cottageville Park. PPL has named their project Oxford Green. PPL is seeking $1,600,000 from the Metropolitan Council's LCA-TOD fund to assist in land acquisition, demolition, and placemaking within and around the project area. The placemaking aspect of the request specifically relates to creating enhanced pedestrian connections between the existing neighborhood along Oxford Avenue and the expanded Cottageville Park. As part of the grant application to the Metropolitan Council a resolution identifying the need for LCA-TOD funds from the City Council and authorization to proceed with an application is required. PPL submitted the grant application in time for the Metropolitan Council's July 1St deadline. The resolution of support is required to be submitted by July 31St in order to continue the Metropolitan Council's review of the request. Primary Issues to Consider • Does the City continue to support the Oxford Green project? Council Report 13-071 Page 2 Supporting Information • Resolution 2013-040 M/mBeekman munity Development Coordinator Financial Impact: $ Budgeted: Y/N Source: Related Documents (CIP, ERP, etc.): Notes: Analysis of the Issues The City, in partnership with the Minnehaha Creek Watershed District is in the process of planning for a major expansion of Cottageville Park. As part of that expansion 24 units of housing, primarily renter -occupied and affordable, was acquired and demolished. In addition, the City envisions great densities of housing along Blake Road in this area in anticipation of the future Blake Station. The proposed Oxford Green project meets the City's long term vision of the Blake Road corridor while replacing lost units of affordable renter -occupied housing. AItarnativPQ The Council has the following alternatives: • Approve Resolution 2013-040 • Approve Resolution 2013-040 with changes • Deny Resolution 2013-040 and opt not to support PPL's application for grant funding RESOLUTION NO. 2013-040 CITY OF HOPKINS, MINNESOTA 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 Metropolitan Livable Communities Act ("LCA") Local Housing Incentives Program for 2013 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. 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 TOD Project 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, one year for Cleanup Site Investigation grants and three years for Cleanup 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 this 23`d day of July, 2013. Eugene J. Maxwell, Mayor Attest: Terry Obermaier, City Clerk