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CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Agenda Item # Department: Requested Council Meeting Date: <br />January 24, 2024 <br />Administration <br />IX.3 <br />TITLE OF ISSUE: <br />DEED Redevelopment Grant <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />The Minnesota Department of Employment and Economic Development (DEED) issued a call for applications <br />for their Redevelopment Grant Program and applications are due on February 1, 2024. This Redevelopment <br />Grant helps communities maximize the use of eligible sites. Projects that meet current tax increment financing <br />requirements for a redevelopment district and tax increments are eligible for this source of funding. Staff would <br />like to submit an application for redevelopment of the LaLonde property. Ebert Construction, the developer <br />working with the property owner of the LaLonde site, has received this grant on past projects (in Delano) and is <br />familiar with the grant program requirements. Per the grant guidelines, the city would need to be the applicant <br />and a fifty percent local match, to be paid by the developer, is required. The grant dollars could assist the <br />developer with activities such as: infrastructure improvements, soil stabilization, ponding, etc. <br />COST AND SOURCE(S) OF FUNDING: <br />TBD <br />REQUESTED COUNCIL ACTION: <br />Motion to authorize staff to submit a Redevelopment Grant application to DEED for development of the <br />LaLonde property. <br />For ClerkÓs Use: <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: ____________________________________ <br /> Resolution Ordinance Contract Minutes Plan Map <br />Second By: ____________________________________ <br />Vote Record: Aye Nay <br />_____ <br />DEED Handout & Program Overview <br />Other (specify) ____________ <br />__________ <br />___ <br />_______________________________________________________________ <br />_____ <br />_____ <br />_________________________________________________________________________ <br />Administration Department Use: <br />Refer to: _________________________________ <br />Consent <br /> Tabled Until: ______________________________ <br /> Regular <br /> Other: ___________________________________ <br /> <br />