Agenda - Council - 03/13/2012 - Laserfiche WebLink

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(Examples of eligible activities continued) • development of business plans for creation of new transit -oriented development financing • planning for land assembly and land banking strategies and financing sources • planning associated with the creation of a corridor development authority • strategies and design assistance for public realm development • planning related to the formation of a technical assistance team • technical assistance prior to site selection • transit value capture studies • TOD educational events including development site tours • planning related to policies, programs and design -guidelines that support low-income entrepreneurs and small business development at or near transit stations Ineligible Activities Grants must be used for planning activities. No acquisition, hard construction costs or contamination cleanup costs are allowed. Eligible Areas & Priority Investment Areas TOD projects must be located near transit stations on Commuter Rail, Light Rail, Highway bus rapid transit (BRT) and Arterial BRT routes. • For site -specific funding requests, project areas must be located within a 10-minute walking distance (approximately % mile depending on the existing built environment) from an LRT or BRT station on existing/nearly existing lines (i.e., Hiawatha, Northstar, Central, Cedar, and Southwest) • For general predevelopment funding requests, project areas must be within the 7-county metropolitan region. Grant Terms LIC grants awarded for applications received will have an 18-month grant term. The HUD Sustainable Communities Regional Planning Grant requires all funds must be dispersed no later than December 2013. No grant extensions will be considered. Application Process Applicants must submit an application in order for proposals to be considered for funding. The Selection Committee will provide informal guidance to applicants that may help in completing the application. 1.24.2012 Page 6 of 11