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2015-026 Authorizing an Application for Tase Base Revitalization - Oxford Village RESOLUTION NO. 2015-026 CITY OF HOPKINS, MINNESOTA RESOLUTION AUTHORIZING AN APPLICATION FOR THE TAX BASE REVITALIZATION ACCOUNT FOR THE OXFORD VILLAGE APARTMENTS PROJECT WHEREAS the City of Hopkins is a participant in the Livable Communities Act's Local Housing Incentives Program for 2014 as determined by the Metropolitan Council, and is therefore eligible to make application to apply for funds under the Tax Base Revitalization Account; and WHEREAS the City has identified a contamination investigation project within the City that meets the Tax Base Revitalization Account's purposes and criteria and are consistent with and promote 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 ensure adequate project and grant administration; and WHEREAS the City certifies that it will comply with all applicable laws and regulations as stated in the contract grant agreements; and WHEREAS the City finds that the required contamination cleanup will not occur through private or other public investment within the reasonably foreseeable future without Tax Base Revitalization Account grant funding; and WHEREAS the City represents that it has undertaken reasonable and good faith efforts to procure funding for the activities for which Livable Communities Act Tax Base Revitalization Account funding is sought but was not able to find or secure from other sources funding that is necessary for completion of the investigation and states that this representation is based on the following reasons and supporting facts: • Additional sources of funding have been sought and were either not received or unable to fund the extent of the environmental cleanup costs. NOW THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the governing body of the City finds that the City of Hopkins authorizes project for Pride in Living, Inc to submit an application for Metropolitan Council Tax Base Revitalization Account grant funds and, id the City is awarded a Tax Base Revitalization Account grant for this project, the City will be the grantee and agrees to act as legal sponsor to administer and be responsible for grant funds expended for the project contained in the Tax base Revitalization grant application submitted on May 1, 2015. Adopted by the City Council of the City of Hopkins this 3rd day of March, 2015. By: Eugene J. xwell, Mayor Attest: rtiRtleGet Amy Domeier, City Clerk