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47 <br />48 <br />49 <br />50 <br />51 <br />52 <br />53 <br />54 <br />55 <br />56 <br />57 <br />58 <br />59 <br />60 <br />61 <br />62 <br />63 <br />64 <br />65 <br />66 <br />67 <br />WHEREAS only a limited amount of grant funding is available through the Metropolitan <br />Council's Livable Communities Demonstration Account during each funding cycle and the <br />Metropolitan Council has determined it is appropriate to allocate those scarce grant funds <br />only to eligible projects that would not occur without the availability of Demonstration <br />Account grant funding. <br />THEREFORE BE IT RESOLVED that, after appropriate examination and due <br />consideration, the governing body of the City: <br />1. Finds that it is in the best interests of the City's development goals and priorities for the <br />proposed proj ect to occur at this particular site and at this particular time. <br />2. Finds that the project component(s) for which Livable Communities Demonstration <br />Account funding is sought: <br />(a) Will not occur solely through private or other public investment within the reasonably <br />foreseeable future; and <br />(b) Will not occur within two years after a grant award unless Livable Communities <br />Demonstration Account funding is made available for this project at this time. <br />68 3. Represents that the City has undertaken reasonable and good faith efforts to procure <br />69 funding for the proj ect component for which Livable Communities Demonstration Account <br />70 funding is sought but was not able to find or secure from other sources funding that is <br />71 necessary for proj ect component completion within two years and states that this <br />72 representation is based on the following reasons and supporting facts: <br />73 <br />74 <br />75 <br />76 <br />77 <br />78 <br />79 <br />80 <br />81 <br />82 <br />83 <br />84 <br />85 <br />86 <br />87 <br />88 <br />89 <br />90 <br />91 <br />92 <br />93 <br />94 <br />(a) On July 13, 2009, the City Council approved the establishment of a housing TIF district <br />encompassing Phase I and Phase II of the Sienna Green proj ect. Proceeds from the TIF <br />district will go towards financing Phase II. The project will be leveraging other sources of <br />funds for other uses in the project; however, the e�sting sources are insufficient to pay for all <br />eligible costs, and the majority of the sidewalk improvements that will connect the <br />apartments to transit fall outside the boundaries of the TIF district and are not eligible costs <br />under the low income housing tax credit program. The Roseville HRA also contributed to <br />Phase I of the project. <br />(b) Linking Sienna Green to transit is an important element of the proj ect. However, the <br />city's capital improvement budgets for 2009 and 2010 do not have funding allocated for this <br />sidewalk at this time. <br />4. Authorizes its Community Development Department to submit on behalf of the City an <br />application for Metropolitan Council Livable Communities Demonstration Account grant <br />funds for the proj ect component(s) identified in the application, and to execute such <br />agreements as may be necessary to implement the project on behalf of the City. <br />The motion for the adoption of the foregoing resolution was duly seconded by Member <br />, and upon a vote being taken thereon, the following voted in favor thereof: <br />