CCP 11-12-1996 - Laserfiche WebLink

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I' I tI CITY OF ARDEN HILLS MEMORANDUM I DATE: November 12, 1996 I TO: Mayor and City Council . Kevin Ringwald, Community Development Director ~ FROM: I SUBJECT: Resolution 96-63, Metropolitan Livable Communities Act I Request The City Council is requested to consider the adoption of Resolution 96-63, electing to I participate in the Local Housing Incentives Account Program (the Program) under the Metropolitan Livable Communities Act (the Act) for the calendar year of 1997 (Exhibit A). I Discussion The City of Arden Hills elected to participate in the Act on an annual basis. The City's participation in the Act in calendar year 1996 resulted in a $300,000 grant (forgivable loan) to .. Cardiac Pacemakers Incorporated to retain (540 jobs) and expand (90 jobs) employment at their corporate campus in Arden Hills. Also, the City received a $10,000 grant (matching) from the Metropolitan Council Environmental Services to analyze water infiltration problems in the City's I sanitary sewer system. Lastly, the City, as part of the 1-35W Coalition, is attempting to obtain various grants for 1997 to assist in the collaborative efforts of the coalition. I Ifthe City chooses to participate in the Act, then the City will also need to establish its affordability and life-cycle housing goals and action plan for implementing those goals for I calendar year 1997. Previously, the Staff presented information on the Act and discussed the implications and strategies for the Act with the City Council in December of 1995. In short, these discussions concluded that the City is fully developed, excluding the Twin Cities Army I Ammunition Plant (TCAAP) and the potential for the development of any meaningful number of new residential units in Arden Hills lies with the redevelopment of TCAAP. Therefore, the City's participation in the Program and the Act was directly linked to the residential component I of the redevelopment of TCAAP. Given, that no significant movement has occurred on the Twin Cities Army Ammunition Plant, the Staff will not be recommending any modifications to the goals or the action plan for calendar 1997. I Lastly, the City would be affected by the Affordable and Life-cycle Housing Opportunities Amount (ALHOA) in calendar year 1997 (Exhibit B). The ALHOA is a dollar amount which I must be expended by the community to support or assist the development of affordable and life- cycle housing or maintain existing affordable and life-cycle housing. Essentially, the ALHOA is .. determined by a formula on the increase or decrease in the market value of residential properties in a community. The ALHOA for the City of Arden Hills for calendar year 1997 is $723.00. I