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REVI SED: ► P/ease Note Correction in Last Two Parapraphs �! LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT (LCDA) of the LIVABLE COMMUNITIES FUND Application Information For Opportunity Grants Funding Available For 2001: $500,000 Note: This information and criteria cover grants awarded through LCDA formerly called "planning" or "predevelopment" grants. Purpose: Opportunity grants are available to fund local initiatives to develop project- specific and site-specific plans according to smart growth principles. The Metropolitan Council wishes to be a funding partner in proposals that: o Plan to demonstrate compact and connected land use patterns that are linked to transit where available, or build capacity for transit service, and support walkable neighborhoods. . Propose a mix of uses, including a mix of housing types and costs, and an economic mix near commercial, civic or other uses that facilitate daily needs and community activities. . Show potential for evolving to projects eligible to receive future LCDA funding in the development category. Use of Funds: Opportunity grants can be used to help pay for costs of shaping development plans and project implementation tools. Applications Are Due: August 1, 2001 Date of Awards: Early October 2001 Amount of Awards: Awards will be generally limited to a maximum of $75,000. Some awards may be higher if the project area or scope warrants. Applicants may apply for more than $75,000, but must explain circumstances that may warrant a higher grant award. Local Match: Awards must be matched by a 1:1 local dollar contribution, which can include in-kind and other contributions. The local dollar contribution can include local costs directly related to the candidate proposal that have been expended within 12 months prior to the date of the grant award. Selection Process: A staff team comprised of Environment, Transportation and Community Development staff members will evaluate proposals against the selection criteria and make recommendations to the Council for funding, through its Livable Communities Committee. The Metropolitan Council reserves the riqht to award less than the available fundina for this qrant cvcle.