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<br />LIVABLE COMMUNmES DEMONSTRATION ACCOUNT <br />2007 GRANT PRE-APPUCATION <br /> <br />Project Name: <br /> <br />Phase One Redevelopment of Downtown Centerville <br /> <br />Applicant: <br /> <br />City of Centerville <br /> <br />Project Location: City of Centerville <br /> <br />Property located in an area defined as west of Centerville Road, north of Heritage Street, <br />east of Golffon Road and south of Westview Street <br /> <br />And <br /> <br />west of Dupre Road, north of Heritage Street, east of Progress Road and <br />south of Main Street. <br /> <br />Project Contact: John Meyer <br />Finance Director <br />1880 Main Street <br />Centerville, Minnesota 55038 <br />phone 651-429-3232 fax 651-429-8629 <br />imever@centervillemn.com <br /> <br />A. Funding Proposal: <br /> <br />The Beard Group Inc. is proposing to redevelopment downtown Centerville. More precisely, phase one <br />. initiated within one year and substantially completed In two years, a 41 unit affordable <br />tax credit apartment project will be constructed on Block 7 (B7); 10,000 square feet of retail <br />and 48 units of senior condominiums will be constructed on Block 8 (B8); 14,880 <br />square feet of retail will be constructed on Block 9 (B9); 28 townhome units will be <br />constructed on Block 1 (B1-2); and, 30 townhome units will be constructed on Block 2 (B1-2). <br /> <br />This will result In densifylng the area; providing for a mix of affordable housing choices; <br />creating 43 new full-time equivalent jobs; developing a center linked to regional <br />transportation systems (metro transit & regional trail system); and, creating an effective <br />connection between housing, jobs, retail centers and civic uses. <br /> <br />Budget includes $29,105,000 In private Investment,$3,319,000 In Tax Increment Financing, <br />$200,000 in HOME funds, $588,900 In MN DEED Redevelopment Grant funds, <br />$200,000 In Anoka County Community Development Block Grant funds, $251,000 In <br />City of Centerville funds and $2,067,200 Livable Communities Demonstration Account grant funds. <br /> <br />The City of Centerville is requesting Livable Communities Demonstration Account grant funds to <br />create a historic French Canadian fac;ade on structures to be build as part of this redevelopment <br />as well as funds to widen streets, install utilities and reconstruct streets to support the redevelopment. <br /> <br />16 <br />