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LOCAL HOUSING INCENTIVES ACCOUNT <br />GRANTEE: City of Ramsey <br />GRANT NO. SG014-102 <br />PROJECT: Sunwood Village <br />GRANT AMOUNT: $200,000.00 <br />FUNDING CYCLE: 2014 <br />COUNCIL ACTION: December 10, 2014 <br />EXPIRATION DATE: December 31, 2017 <br />METROPOLITAN LIVABLE COMMUNITIES ACT <br />GRANT AGREEMENT <br />THIS GRANT AGREEMENT ("Agreement") is made and entered into by the Metropolitan Council <br />("Council") and the Municipality or Development Authority identified above as "Grantee." <br />WHEREAS, Minnesota Statutes section 473.251 creates the Metropolitan Livable Communities Fund, the <br />uses of which fund must be consistent with and promote the purposes of the Metropolitan Livable <br />Communities Act ("LCA") and the policies of the Council's Metropolitan Development Guide; and <br />WHEREAS, Minnesota Statutes sections 473.251 and 473.254 establish within the Metropolitan Livable <br />Communities Fund a Local Housing Incentives Account and require the Council to annually distribute <br />funds in the account to Participating Municipalities that have not met their affordable and life -cycle <br />housing goals and are actively funding projects designed to help meet the goals, or to Development <br />Authorities for projects located in eligible Municipalities; and <br />WHEREAS, the Grantee is a Municipality that has negotiated affordable and life -cycle housing goals <br />pursuant to Minnesota Statutes section 473.254, subdivision 2 and has elected to participate in the Local <br />Housing Incentives Account program, or is a Development Authority; and <br />WHEREAS, the Grantee seeks funding in connection with an application for Local Housing Incentives <br />Account funds submitted in response to a Request for Proposals issued by the Metropolitan Housing <br />Implementation Group for the "Funding Cycle" identified above and will use the grant funds made <br />available under this Agreement to help fund the "Project" identified in the application; and <br />WHEREAS, the Council awarded Local Housing Incentives Account funds to the Grantee subject to any <br />terms, conditions and clarifications stated in its Council Action, and with the understanding that the Project <br />identified in the application will proceed to completion in a timely manner, all grant funds will be <br />expended prior to the "Expiration Date" identified above and Project construction will have "commenced" <br />before the Expiration Date. <br />Page 1 of 10 Pages <br />2015(12-2014) LHIA rev. 12/05/14 <br />