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HomeMy WebLinkAbout2003-169 CCRMember Kay Lasman moved its adoption: introduced the following resolution and RESOLUTION NO. 2003-169 RESOLUTION ALLOCATING ADDITIONAL LOCAL FUNDING FOR LIVABLE COMMUNITIES DEMONSTRATION GRANT WHEREAS, the City has identified a proposed redevelopment project within the City that meets the Demonstration Account's purpose/s and criteria; and WHEREAS, on May 13, 2002, the City Council authorized the application for a Livable Communities Demonstration Grant in the amount of $60,000; and WHEREAS, the parameters of the project referred to as "Little Asia" has grown to contemplate the redevelopment of two (2) sites instead of just the original site; and WHEREAS, it is in the interest of the City of Brooklyn Center to complete review and study of both potential redevelopment sites in a manner consistent with the Opportunity Grant funded by the Metropolitan Council; and WHEREAS, planning and preliminary site design are eligible Tax Increment Financing (TIF) activities in a redevelopment district; and WHEREAS, the expanded scope of study requires an additional allocation of funds to complete. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center that the City of Brooklyn Center allocates additional funds in the amount of $27,000 to complete the preliminary studies of the Little Asia Project. District 3. BE IT FURTHER RESOLVED that the source of funding comes from TIF October 27, 2003 Date Mayor J71 ATTEST: City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Kathleen Carmody and upon vote being taken thereon, the following voted in favor thereof: Myrna Kragness, Kathleen Carmody, Kay Lasman, Diane Niesen, and Bob Peppe; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted.