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May 82 2882 15:84:18 Via Fax AMM FAX · NEWS -> ~l~ Joe Lynch Page 882 Of 883 PartnershiPS in proY!dlng services 8nd solutions The loans would be relatively short term (in the neighborhood of five years) and would have to be repaid, with interest. They would have to be secured by either a general obliga- tion pledge from the municipality or a pledge of other assets. No similar authorization is contained in the House's public finance bill. However, the Met Council has made several changes to the language in an attempt to respond to concerns expressed by House members, the AMM and other interested parties. Those changes include elimineting the requirement that an applicant must be a participant in the Livable Communities Program, eliminating the requirement for a local match and be asked to provide, and under what conditions the Council would extend services. The concept of extending wastewa- ter services to rural growth centers stems from the Council's work on the new Regional Blueprint and a recent report from the Council's Ru- rallssues Workgroup. The rural is- sues report recommends that the Council work to direct growth and development toward rural centers, and away from other rural areas, such as those designated "perma- nent agricultural." This would pre- sumably help the region accommo- April 29 - May 3, 2002 Metropolitan Council Seeks Authorization for Housing Production Revolving Loan Fund The public finance article of the Senate's budget bill (H.F. 3270) con- tains a provision that would autho- rize the Metropolitan Council to es- tablish a Housing Production Revolv- ing Loan Fund, utilizing existing Coun- cil resources and any gifts or grants awarded to the Council for the pur- pose of the fund. . The fund would be used to make loans to metropolitan cities, counties, townships or development authori- ties for projects with "a reasonable probability of resulting in lower hous- ing costs in the metropolitan area." Eligible projects include those which "support housing production and en- sure integration of land use and transportation needs." clarification that communities under- taking both redevelopment and de- velopment projects are eligible to re- ceive loans. The Council has also agreed to es- tablish a loan review committee, composed of individuals with exper- tise in finance, development and 10- cai government; and adopt uniform criteria and procedures for the pro. gram, which will be subject to public hearing. Finally, the Metropolitan Council would have to submit an annual report on the program to the Legislative Commission on the Met- ropolitan Council. A copy of the draft language is avail- able by calling AMM at651/215~OOO. Metropolitan Council Considers Expanding Wastewater Treatment to Rural Growth Centers in Metro Area In recent weeks, Metropolitan Coun- cil staff and members have been dis- cussing the possibility of extending wastewater services to rural growth centers in and around the seven- county metropolitan area. Commu- nities identified as rural growth cen- ters inclUde SI. Francis, Watertown, Bethel, Hamburg, Mayer, New Ger- many, Hampton, Vermillion, 8elle Plaine, Cologne, Jordan, Rockford, and NorwOOd-Young America. . The idea raises numerous issues regarding how such an expansion would be paid for, the level of sub- sidy that existing rate payers would date the 460,000 new households expected by 2030, while slowing the growth In large-lot residential devel- opment on individual septic systems. continued on next page - AllOllation of Metropolitan Municipalltiel 1"5 V"jlJtnllY A\lIl!IIUl Wen S" Paul, MN SSJ03-20u p,O"" (651) 115..000 Fax: (651) 1BI-1299 ~.m"tl; I'lmm@amm14S.oTg AMM Fax N.... ir /OJ<ed to all AMM city manate~ II1Id admi"istrtl10rs, 1#olls/llI/vl! con- flatU and Board m~nt/Jt'$. Pleas#. Sh41'e ,lrh fax ,..,Uh you,. fTJIlyors, cOU:nci/~mbef'S Dnd slafftl) keep them abrn.sto/lmpo"tmt mdro cltyhsuu,