Agenda - Council - 03/11/2014 - Laserfiche WebLink

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DEMONSTRATION ACCOUNT P t DEVELOPMENT G NT PROG SIT O ', = ENTED DE LOP ENT (TOD) PROG M WHEREAS, the Grantee represented in its application that certain land use guidelines or official controls and other required threshold criteria were in place at the time of the application or that certain land use guidelines and official controls and other required threshold criteria would be in place within thirty-six (36) months from the date of the "Council Action" identified above; and WHEREAS, the Council awarded Livable Communities Demonstration Account Pre -Development TOD Grant Program funds to the Grantee subject to any terms, conditions and clarifications stated in its Council Action, and with the understanding that the Pre -Development TOD Project described in the application will proceed to completion in a timely manner, that all grant funds will be expended prior to the "Expiration Date" identified above, and that the land use guidelines and official controls and other required threshold criteria identified in the Grantee's application currently are in place or will be in place as stated in the Grantee's application. NOW THEREFORE, in reliance on the above statements and in consideration of the mutual promises and covenants contained in this Agreement, the Grantee and the Council agree as follows: I. DEFINITIONS 1.01. Definition of Terms. The terms defined in this section have the meanings given them in this section unless otherwise provided or indicated by the context. (a) Council Action. "Council Action" means the action or decision of the governing body of the Metropolitan Council, on the meeting date identified at Page 1 of this Agreement, by which the Grantee was awarded Livable Communities Demonstration Account Pre - Development TOD Grant Program funds. (b) County. "County" means Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington Counties. (c) Development Authority. "Development Authority" means a statutory or home rule charter city, a housing and redevelopment authority, an economic development authority, or a port authority in the Metropolitan Area. (d) Future TOD Development Project "Future TOD Development Project" means the future TOD development project described in the Grantee's application for Demonstration Account Pre -Development TOD Grant Program funds that through its design and execution will deliver benefits such as housing, connections, and/or jobs to the region. The Future Development TOD Project for which the grant funds were awarded must be undertaken within the Project Area. The Future TOD Development Project may recognize or acknowledge regional park lands and regional trails that cross through or are located adjacent to the Project Area, but the Pre -Development TOD Project may not include regional park lands. (e) Metropolitan Area. "Metropolitan Area" means the seven -county metropolitan area as defined by Minnesota Statutes section 473.121, subdivision 2. Page 2 of 10 Pages