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2021_0125_CCPacket
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2021_0125_CCPacket
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1/13/2022 1:40:37 PM
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Roseville City Council
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Council Agenda/Packets
Meeting Date
1/25/2021
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Attachment B <br />Continue to fund the DEED Redevelopment Grant Program and the Demolition Loan <br />Program <br />The 2019 Legislative Session resulted in refunding the Redevelopment Grant Program and the <br />Demolition Loan Program through the Department of Employment and Economic Development <br />(DEED). Redevelopment Grant Program grants pay up to half of redevelopment costs for <br />eligible sites, with a 50-percent local match. These grants are available to cities and Economic <br />Development Authorities (EDAs), and can be used to pay for land acquisition, demolition, <br />infrastructure improvements, soil stabilization, ponding or other environmental infrastructure and <br />adaptive reuse of buildings, including remedial activities at sites where a subsequent <br />redevelopment will occur. <br />The Demolition Loan Program helps development authorities (including cities and EDAs) with <br />the costs of demolishing blighted buildings on sites that have future development potential but <br />where there are no current development plans. <br />The Roseville EDA has taken a more aggressive role in redeveloping blighted and underutilized <br />sites, and these programs would become an additional economic development tool in those <br />efforts. <br />The City of Roseville supportscontinuedfunding for both the Redevelopment Grant Program <br />and the Demolition Loan Program to assist the City/EDA in proactive economic development <br />efforts of blighted properties. <br /> <br />
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