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WHEREAS the City acknowledges Livable Communities Demonstration Account grants are intended to fund projects or project components that can serve as models, examples or prototypes for development or redevelopment projects elsewhere in the region, and therefore represents that the proposed project or key components of the proposed project can be replicated in other metropolitan-area communities; and WHEREAS only a limited amount of grant funding is available through the Metropolitan Council's Livable Communities Demonstration Account during each funding cycle and the Metropolitan Council has determined it is appropriate to allocate those scarce grant funds only to eligible projects that would not occur without the availability of Demonstration Account grant funding. NOW THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the governing body of the City: 1. Finds that it is in the best interests of the City's development goals and priorities for the proposed project to occur at this particular site and at this particular time. 2. Finds that the project component(s) for which Livable Communities Demonstration Account funding is sought: (a) will not occur solely through private or other public investment within the reasonably foreseeable future; and (b) will occur within three years after a grant award only if Livable Communities Demonstration Account funding is made available for this project at this time. 3. Represents that the City has undertaken reasonable and good faith efforts to procure funding for the project component for which Livable Communities Demonstration Account funding is sought but was not able to find or secure from other sources funding that is necessary for project component completion within three years and states that this representation is based on the following reasons and supporting facts: (a) On June 9, 2014, the City Council approved the establishment of a Housing TIF district for the redevelopment of 2785 Fairview Avenue in 190 units of mixed income rental housing. The project will be leveraging other sources of funds for other uses in the project; however, the existing sources are insufficient to pay for all eligible costs, and the cost for putting in a public road, improving the storm water management improvements and assistances with acquiring the site fall outside the boundaries of the TIF district and are not eligible costs under the low income housing tax credit program. The Roseville HRA also has contributed CDBG funds to assist with the creation of affordable housing mix. (b) Linking the development to a park and ride is an important element of the project. However, the city's capital improvement budgets for 2014 and 2015 does not have enough funding for the completion of the Twin Lakes Parkway