Agenda - Council - 06/25/2019 - Laserfiche WebLink

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Other Ineligible Activities Such costs include: • Administrative overhead; • Building construction or rehabilitation; • Affordability gap or value gap financing; • Relocation costs; • Travel expenses; • Legal fees, late payment fees or finance charges; • Bonds and or Insurance; • Overhead/profit • Traffic control or other temporary project construction activities; • Employee worksite parking; • Marketing costs; • Permits, Licenses or authorization fees, • Costs associated with preparing grant proposals or applications or bids, • Applicant project coordination costs, operating expenses, planning costs, and prorated lease and salary costs. • Entertainment, gifts or prizes • Costs associated with the exercise of eminent domain. • Costs incurred before the date of grant award, or after the expiration date of the grant agreement Considerations for LCDA Projects • Not every good development or redevelopment project is a good LCDA project. To qualify for LCDA funds and score competitively, the application must make it clear how the project will address statutory and Council LCDA goals and outcomes, which are: o interrelating development or redevelopment and transit o interrelating affordable housing and employment growth areas; o intensifying land use that leads to more compact development or redevelopment; o involving development or redevelopment that mixes incomes of residents in housing, including introducing or reintroducing higher value housing in lower income areas to achieve a mix of housing opportunities; o encouraging public infrastructure investments which connect urban neighborhoods and suburban communities, attract private sector development investment in commercial and residential properties adjacent to the public improvement, and provide project area residents with expanded opportunities for private sector employment; and/or • Efficient land use and site design is a significant element in the LCDA scoring process. Consider how the proposed project connects to surrounding development, activates first -floor uses, includes human -scaled architecture, and creates an environment that encourages walking and biking to and throughout the site. • Community engagement is foundational to equitable development. Including community voices in the process supports projects that best meet the needs of residents and leads to more successful, equitable outcomes. The LCDA review process considers project teams that go beyond minimum requirements to engage residents most affected by the development project. • The application is designed to focus on a specific development or redevelopment project that exemplifies LCDA goals. As the program name implies, the development or redevelopment 9