CCP 03-16-1995 - Laserfiche WebLink

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.. (c) establish guidelines governing who may apply for a grant or loan from the fund; .1 (d) prepare and submit an annual plan to the Council for distnbution of the fund; . and (e) prepare and submit to the Legislature and the Council an annual plan on the use . of the livable communities fund. Section 2. Property Tax Levy. . Subdivision 1. General. Establishes the livable communities fund and three accounts within the fund: the tax base revitalization account, the livable communities demonstration . account, and the local housing incentives account. 5;ubd. 2. Tax Bsse Revit..li,-"tion AceounL Requires the Council to credit the funds . provided under article 2, sections 4 and 15, to a tax base revitalization account within the livable communities fund for the purpose of cleaning up polluted lands and for providing the I local match for the Department of Trade and Economic Development's polluted land grant program. Subd. 3. IJvable Communities Demonstration AccounL Requires the Council to . credit to the livable communities demonstration account the proceeds of the tax levied under this subdivision and subdivision 4 for the purpose of funding the initiatives specified in e. section 1, subd. 4, paragraph (b). Allows the Council to levy a tax on all taxable property in the metropolitan area for the fund. The levy for 1996 may not exceed 83 percent of the Metropolitan Mosquito Control Commission's levy for 1995 multiplied by an index for . market valuation increases. The levy for 1997 and thereafter may not exceed the 1996 levy multiplied by an index for annual market valuation increases. The account shall also receive 83 percent of the commi~'ion's homestead and agricultural credit aid for 1996 and . thereafter. Subd. 4. Mosquito Control District Assets. Requires the Metropolitan Mosquito . Control Commission to deposit in the livable communities demonstration account the proceeds of tbe sale of certain asset~ as required lmder article 2, section 18. Subd S. Local Housing Incentives Account; Distribution. Requires the Council to . credit to the local housing incentives account the revenues a municipality chooses to distnbute under paragraph (c), clause 1. Requires the revenues to be used to expand and . preserve life-cycle and affordable housing. (a) Requires the Council to negotiate with each municipality in the metropolitan area I to establish affordable and life-cycle housing goals and to identify. actions a municipality may take to meet its goals. Each municipality must annually report to the Council the tax revenues levied under paragraph (e), the portion of the . revenues spent on meeting housing goals, and how the revenues support the municipality's housing goals. -. 02. I