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HomeMy WebLinkAbout2024-112 CCRMember Kragness introduced the following resolution and moved its adoption: RESOLUTION NO. 2024-112 RESOLUTION ACKNOWLEDGING AWARDED FUNDS FOR LIVABLE COMMUNITIES ACT’S LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT DEVELOPMENT FUNDING AUTHORIZING ACCEPTANCE OF GRANT FUNDS FOR NEW GENERATIONS, LLC WHEREAS the City of Brooklyn Center, Minnesota was a participant in the Livable Communities Act’s (“LCA”) Local Housing Incentives Account Program for 2024 as determined by the Metropolitan Council, and was therefore eligible to apply for Livable Communities Demonstration Account (“LCDA”) funds; and WHEREAS the City has identified proposed projects within the City that meets LCDA 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 supported grant applications, agreeing to act as legal sponsor for the project, recognized by resolution on July 22nd, 2024; 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 LCDA 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 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 LCA initiatives 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 LCA grant funding; and WHEREAS the City’s supported project of ‘New Generations’ development was awarded $1,500,000 in LCDA grant funds on November 13th, 2024; and NOW THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the governing body of the City: Finds that it is in the best interests of the City’s development goals and priorities for the proposed projects to occur at these particular sites and at this particular time: 1. Finds that the project components for which LCDA funding was awarded: New Generations, LLC – Veterans Housing 1500 69th Ave N 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 Development grants) expiring December 31st, 2027. 2.Authorizes its City Manager to accept awarded funds on behalf of the City for the application for the 2024 funding cycle for Metropolitan Council Livable Communities Demonstration Account (LCDA) grant funds, for the project components identified in the applications, and to execute such agreements as may be necessary to implement the project on behalf of the City. Date Mayor ATTEST: The motion for the adoption of the foregoing resolution was duly seconded by member Jerzak and upon vote being taken thereon, the following voted in favor thereof: Butler, Graves, Jerzak, Kragness and the following voted against the same: none whereupon said resolution was declared duly passed and adopted. November 25, 2024 Assistant City Manager/City Clerk