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REDA Meeting <br />Minutes — Tuesday, May 8, 2017 <br />Page 2 <br />Ayes: 5 <br />Nays: 0 <br />Motion carried. <br />b. Approve Resolution of Support for Use of Community Development Block <br />Grant (CDBG) Funds, Tax Increment Financing (TIF), Ramsey County <br />HOME Funds, and Application , to the Livable Communities <br />Demonstration Account (LCDA) for Proposed Multi -Family Lifestyle <br />Development on Old Highway 8 by Sands Company, Inc. <br />Housing & Economic Development Program Manager Jeanne Kelsey <br />summarized this request as detailed in the staff report. Ms. Kelsey advised that <br />the project developer was also present tonight with additional information. <br />Ms. Kelsey noted the requested action included three separate resolutions of <br />support from the REDA at their discretion; and the timelines involved for each <br />resolution. <br />Ms. Kelsey advised that the item of most important note is the "Resolution in <br />Support of Sand development, LLC's Application for Ramsey County <br />Community Development Block Grant (CDBG)/HOME Investment <br />Partnership Funds for Development of Edison Apartments (f/k/a Arbor Rose <br />Apartments);" scheduled for presentation to the Ramsey County Board of <br />Commissioners at their formal meeting tomorrow night. <br />Ms. Kelsey noted the second requested action involved the "Resolution <br />Identifying the Need for Livable Communities Demonstration Account <br />(LCDA) Funding and Authorizing Application for Grant Funds;" with the pre - <br />application for this funding having been presented May 4th; but clarified that <br />this does not obligate the REDA to apply for funds if the pre -application came <br />back inviting a full application, but , other funding sources still unconfirmed <br />and/or approved by the REDA. <br />Ms. Kelsey noted that the third resolution (Attachment E) entitled, "Resolution <br />of Financial Support for the Creation and Administration of a Housing Tax <br />Increment Finance (TIF) District and Commitment of Community <br />Development Block Grant Funds (CDBG) in Connection with the <br />Development of a Proposed Multi -Family Rental Housing Development;" <br />would not need formal action by the REDA until June 15, 2017. <br />Ms. Kelsey recognized the development team available to update previous <br />REDA questions and handouts showing further revisions to the concept plans; <br />and to respond to any other questions of the REDA before they considered <br />action on these requests. <br />President Roe clarified timing for the Metropolitan Council application due <br />June 29th and the Minnesota Housing Finance Agency application due June <br />