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l REQUEST FOR COUNCIL ACTION 1 1. BACKGROUND 2 1.1. The Minnesota Department of Employment and Economic Development (DEED) and the 3 Metropolitan Council are soliciting grant brownfield clean up grant proposals. The deadline for 4 funding requests is May 1, 2008. As part of the application process, each agency requires applicants to pass a resolution approving the clean up grant application. 6 1.2. Mr. John Livingston and Mr. Tom Noble of Cent Ventures have requested that the City apply for "7 grant funds to assist with environmental remediation activities on the Xtra Lease and Old Dominion parcels within the Twin Lakes project area. Braun Intertec,, the environmental 9 consultant for the development team, have estimated environmental remediation costs of $,639,300 I for the subject parcels of which they are seeking $,393,225 in DEED funding and $,183,159 in "I'll Metropolitan Council funding. 12 1.3. On December IT, 2007,, Cent Ventures received Concept Planned Unit Development approval for 13 the development of a hotel and restaurant on the Xtra Lease site. The developer has not received 14 any approvals for the Old Dominion site, which is located just north of the Xtra Lease. As part of I the grant application, Cent Ventures is showing a concept plan that includes the Old Dominion 16 site. This plan has neither been reviewed by the City nor gained approval by the City Council. I ��7 Including the concept plan with the grant application does not give the developer any development I rights for the Old Dominion site. Cent Ventures will need to go through the City's development 19 approval process, including a public hearing at the Planning Commission and final approval by the 20 City Council. 2 1 2. POLICY OBJECTIVE 22 .1. Approving the submission of grant applications on behalf of Cent Ventures allows the City to 23 leverage state and regional dollars for environmental clean up, which will assist the City in 24 meeting one of the objectives of Imagine Roseville 2025.- "Partner with redevelopers to remediate 25 brown fields and redevelop industrial sites"' (Goal 2, Strategy C, 44). 26 3. FINANCIAL IMPACTS 27 3.1. There should not be any financial impact to the City by submitting these grant applications. Cent 28 Ventures will be responsible to contribute required matching funds to the project.