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<br /> . - <br /> CITY OF ARDEN HILLS <br /> e MEMORANDUM <br /> DATE: November 10, 1997 <br /> TO: Mayor and City Council <br /> FROM: Kevin Ringwald, Community Dcvelopment Director ~ <br /> SUBJECT: Resolution #97-56, Continued Participation in the Livable <br /> Communities Program - 1998 <br /> Reuuest <br /> The Staff is requesting City Council approve Resolution #97-56, electing to continue to <br /> participate in the Local Housing Incentives Program under the Metropolitan Livable <br /> Communities Act for the calendar year of 1998 (Exhibit A). <br /> Backl!:round <br /> The Metropolitan Livable Communities Act (the Act) was adopted by the State of Minnesota in <br /> 1995. The Act is intended to address housing and other development issues facing the Twin <br /> Cities metropolitan area. The Act requires the Metropolitan Council to negotiate affordable and <br /> . life-cycle housing goals for each participating community. If a municipality complies with the <br /> Act, then they are eligible to receive certain grants and loans from various State agencies. <br /> In summary the goals for the Program were: to be directly linked to the creation of new <br /> residential units in TCAAP; the existing Land Use Plan is the document which will be used as a <br /> - basis for participation in the Program, until a revised land use plan for TCAAP is officially <br /> adopted; and the goals for the Program would be those that reflected a small developing city. <br /> - The mutually agreed upon goals for the City (TCAAP) in 1998 are: <br /> - <br /> "'" Housing Component Goal <br /> - Affordability - Ownership 65 percent <br /> - Affordability - Rental 35 percent <br /> ~ <br /> - Life-Cycle - Type (non-single family detached) 27 percent <br /> Life-Cycle - Owner/Renter mix 83/17 percent <br /> I Density - Single family detached 1.8 units/acre <br /> Density - Multifamily 9 units/acre <br /> I <br /> I. <br /> I <br />