Agenda - Council - 09/25/2001 - Laserfiche WebLink

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Grant No. SG-99-137 METROPOLITAN LIVABLE COMMUNITIES ACT LOCAL HOUSING INCENTIVES ACCOUNT GRANT AGREEMENT THIS GRANT AGREEMENT is made and entered into by the Metropolitan Council ("Council") and the City of Ramsey ("Grantee"). WHEREAS, Minnesota Statutes section 473.251 creates the Metropolitan Livable Communities Fund, the uses of which fund must be consistent with and promote the purposes of the Metropolitan Livable Communities Act and the policies of the Metropolitan Development Guide adopted by the Council; and WHEREAS, Minnesota Statutes sections 473.251 and 473.254 establish within the Metropolitan Livable Communities Fund a Local Housing Incentives Account and require the Council to annually distribute funds in the account to participating municipalities that have not met their affordable and life-cycle housing goals, as determined by the Council, and are actively funding projects designed to help meet the goals; and WHEREAS, the Grantee is a "municipality" as defined in Minnesota Statutes section 473.254, subdivision 6 which has negotiated affordable and life-cycle housing goals pursuant to Minnesota Statutes section 473.254, subdivision 2 and has elected to participate in the Local Housing Incentives Account program; and WHEREAS, the Grantee has not yet met its affordable and life-cycle housing goals as determined by the Council and is actively funding projects designed to help meet the goals; and WHEREAS, the Grantee agrees to provide the grant funds made available under this agreement to help fund a multifamily rental housing project identified in the application for Local Housing Incentives Account funds submitted by Anoka County Community Action Program, Inc. in response to a Super Request for Proposals for multifamily rental housing issued in July 1999 by the Metropolitan Housing Implementation Group; and WHEREAS, at its November 10, 1999 regular meeting, the Council awarded Local Housing Incentives Account funds to the Grantee for the multifamily rental housing project located within the City of Ramsey but the Grantee has not yet executed a grant agreement; and WHEREAS, the Grantee now wishes to use the grant funds awarded by the Council in November 1999. NOW THEREFORE, in consideration of the mutual promises and covenants contained in this agreement, the Grantee and the Council agree as follows: -302- Page 1 of 7 Pages I I I I I I ! I i I I I ! ! !