CR 2014-009 Approve Res. 2014-003, in Support of MN Dept of Employment & ED (DEED) Funding Application for Oxford GreenCity of Hopkins
January 16, 2014
Council Report 2014-09
RESOLUTION OF SUPPORT FOR DEED FUNDING - OXFORD GREEN
Proposed Action
Staff recommends adoption of the following motion: Move to approve Resolution 2014-003 in
support of Minnesota Department of Employment and Economic Development (DEED)
funding application for Oxford Green.
With this motion the resolution will be including in the application for funding.
Overview
Project for Pride in Living, Inc. has presented plans to the City Council for the redevelopment
of six properties along Oxford Street. The proposed development would include approximately
50 housing units abutting Cottageville Park. In order to secure the necessary financing for the
project, PPL intends to seek funds through several funding sources including DEED.
In order for PPL to apply to DEED, the City of Hopkins must approve a resolution of support
and agree to be the applicant. Additional funding is still necessary for the project to move
forward and PPL must also apply and work through the City's land use approval process. Site
plan review, a change in zoning and other approvals are needed and will involve continued
discussions with the neighborhood.
Primary Issues to Consider
The City of Hopkins support for DEED funding for the Oxford Green development will help the
project's financial viability, but does not give the developer the land use approvals they will
need to secure for the project to be built. PPL will be required to sign a sub -recipient
agreement taking on all liability associated with the grant agreement.
Supporting Information
Resolution 2014-003 in support of Minnesota Department of Employment and
Economic Development (DEED) funding application for Oxford Green
Kersten�lverum
Director of Planning & Development
Financial Impact: $_0 Budgeted: Y/N Source:
Related Documents (CIP, ERP, etc.):
Notes:
Ike
CITY OF HOPKINS
HENNEPIN, MINNESOTA
RESOLUTION NO. 2014-003
RESOLUTION IN SUPPORT OF MINNESOTA DEPARTMENT OF EOMPLOYMENT AND
ECONOMIC DEVELOPMENT (DEED) FUNDING APPLICATION FOR OXFORD GREEN
WHEREAS, the City of Hopkins (the City) is a local unit of government in the State of
Minnesota and is eligible for a Redevelopment Grant for housing development activities from the
Minnesota Department of Employment and Economic Opportunity (DEED); and
WHEREAS, the City has identified a proposed housing development project within the City that
meets the stated purposes and criteria of DEED Redevelopment Grant funds; and
WHEREAS, the proposed housing development project has been proposed by Project for Pride
in Living, Inc., a Minnesota Nonprofit Corporation (the Developer), is located at the southeast corner of
the intersection of Blake Road and Oxford Street, and will entail the new construction of approximately
fifty (50) apartment units (the Project); and
WHEREAS, the City and Developer wish to apply to DEED for a Redevelopment Grant (the
Funding Award) to fund applicable Project costs, including but not limited to, water and sewer
connections and public sidewalks; and
WHEREAS, applications for Funding Awards from DEED must be made by local units of
government; and
WHEREAS, only a limited amount of award funds are available through DEED during each
funding cycle and DEED has determined it appropriate to allocate those scarce grant funds only to
eligible projects that would not occur without the availability of the Funding Award.
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 at this particular point in time.
2. Finds that the Project component(s) for which the Funding Award is sought will not occur
solely through private or public investment within the reasonably foreseeable future and will
occur within the term of the Funding Award only if the Funding Award is made available for
the Project at this time.
Authorizes its City Manager to submit on behalf of the City an application for the Funding
Award, and to execute such agreements as may be necessary to implement the Funding Award
on behalf of the City.
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Resolution No.
Adopted by the City Council of the City of Hopkins this day of January, 2014
Eugene I Maxwell, Mayor
Attest:
Kristine A. Luedke, City Clerk