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����4 <br />H�mQS far GenQratians <br />7'he T131�r1 fun�s will bc u�cd fc�x a�l�cstas arxd l�ad-based pa�nt abatement, l',s rricntioned above, as <br />t�e lead developer, ,'Icon u�ill crx�rdinat� th� ahatcment acti�itics. Thc 6uildings rec�uite substat�t�a] <br />reha��litation, a�id #hiw ak�a#e�r►e�tk i4 imp�ztar�t tra the healt�i and lival�ilitr �f t�e �p�rttnent units and <br />comrnon s��ccs. <br />prr,jec# Status Se Reason far E.�tension <br />r"�con anticip�[ed beginr�in� the rer�evelc��rncr�t aca��ities xr� the sprin� rsf 2�JfJ�J. �f3y thc cnd oF 2�U8, <br />r'�can had r�ceived all the kunc�it�� it needed tr� l�e�u-i tlte rec��k�e1[�prner�t; ho,+.�c,�•ci, thc decline in <br />housin� tas� cxedit px.icing cx�ated a funding ga�,, �uhich rcquired Acon to appl}� fot adclitianal <br />housin� tax crcdit�� and�ar Af2_R_A federal stimul�xs funds. In ]unc 2�{}9, Aeon appli�d ta _'►r�inr�esota <br />F-inu;�in� ��r R��ur�d � ctedits_ And, in �u��, .r�ean a�pli4d tra ��iinr�ese��� HK}usin� for ,�RR:'1 funds. <br />Niinncsc��a I��«utiin�r will ar�nr�ur�te the5� Fundin� award� in ,Au�ust ��]{]�. iiascd on �innesota <br />Hausing's F�edback, A�on cxpccts that thc Hax �4ar ."�partments �roject will be £u13}= funded in <br />August 20�9, with c�r�stru�tion startirig in ����ber. <br />Becausc �f thc: �ul�s�antial nature ��f #he abateme�t and r�habilitatior�, thc l�uild�sigs mUSt be vacant <br />beFore the r��ie��lapment ��civiaes �egin. Sitice rnany r�f thc units ar� currend}' aecugied, .r�ec�n <br />car�nc�t �e�in the lead ar�d asbestos ahatcment'tT�l�r1 �rant activitics until the �nancial �lcrsin� <br />occurs, and the curren[ �:eside�nt� hav� 1)�'el7 ��XTI�'](]�'d17IV T[;IC7C'df[:�. �I'o minunia.c the cast aryd <br />incom�cnicncc, ,�ccan plan5 t�� te+x�x�ratil}� r�l«�atc: thc ct�rrent residcnts ❑n site and conduct the <br />asbestos and lcad abatcment and othc= zchabil�tatic�n acti�i�cs isi phascs. ln addi.ii�n, mc�st ��f the <br />I,�:I�.'� �rant aciisities must c3ccur after the buildin� xehabilitation beca+ase the dern<�Iitic�n and <br />cor�srsuctiUr� stagit�� w•��uid damage the wrark. <br />�The fc�llowing rentativ� scheduie of acti�ities is cantingen.t on ie�eivirx� the final €undir�g awasd frorn <br />11�'Iinnewc�ta H�u.Sin� ar►d itnat�cial]}� cic�sin� the prc��cct in ��pr.ernUer 2(](]€�. <br />Acti��i Schedule Date <br />l�irial l''urxtiii] Award f1u ust 2UU� <br />{']c��in • and Transfer ��f I'r�> etky �c tcm�cr �{}� j <br />�1shc:5to� and Lead r�baternen� {TBIt�'� Cir$nt []eta�cr �()U) ts� Jun� 2010 <br />Acti�ities), 1]�molition �c Buildtn� �cno�adori <br />Act�vitie� <br />Iiuildin s 2�55 &��65 [)ct��her t{a �nua 2f11{) <br />]3uilc3in =s 22�5 8c 2235 Fcbruar tc� i��Ia�� 2010 <br />13uildin 2�25 I�larch tc� une 2(}1 f� <br />Sit�: l���crrk ,CI�.A Carant ,�ctivit�e� Ibfa • ta ulv ��11U <br />[:orrt 1{:$L1i1 Of C.{]fi4�TUC$4f1 :1u st �.L�9 {} <br />Pub�ic Iavestment 8c Expendi#ures <br />C)n �]u1y�� 21, �UO$, th� C;ik�� t�f 1�cr�e:tiFillc: �ntere� intc� a l�ferncarandurn c�f Un�erstanding ("l•f�U"� <br />u.•ith l�cc±n, u7hiih artie�lat�d thc xc�ponsibilitics of the [�ity and ±�e�n in rega.rds tr� the <br />irnplementarion nf the grants awarded to the C:it�� b}r the 11�L4ttopol�tar� Cc�u�xcil thr�ugh Ch� Liva�le <br />16i5 P�.rk Avenue, Mirtneapol_s. TdPI 55;C� 512-�41-31d$ G12-_'i1-420$ F n�.x��.v.zeo:u",r..org <br />