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AUTHORIZATION TO APPLY FOR GRANTS THROUGH THE <br />METROPOLITAN COUNCIL AND DEPARTMENT OF EMPLOYEE AND <br />ECONOMIC DEVELOPMENT <br /> <br /> By: <br />Background: <br /> <br />Scan M. Sullivan, Economic Development / TIF Specialist <br /> William K. Goodrich, City Attorney <br /> <br />'l"hc Metropolitan Council recently opened up a new round of funding for Tax Base <br />Revitalization through Metropolitan Livable Communities. In addition to the <br />Metropolitan Council, the Department of Employment and Economic Development <br />(I)EI~;I)) has Contamination Clean-up Grants available during the current funding cycle. <br />Both grants can be used for clean up, demolition and remediation for sites that are <br />environmentally distressed. In a typical cycle a total of approximately $6 million in <br />funding is available. Staff is proposing to apply for both grants in 2005. <br /> <br />Thc following items are enclosed for your information: <br /> <br />Proposed resolutions authorizing staff to submit applications to the Metropolitan <br />Council <br /> <br />Observations: <br /> <br />q'hc City has been in negotiation with St Paul Terminals for the acquisition of site located <br />at 14050 Basalt St NW. A Phase I report conducted by ProSource Technologies required <br />that a lbllow-up Phase II environmental be conducted. The findings in the Phase II report <br />wcrc such that it required clean up action to occur before redevelopment could take place. <br />l:urthcr investigation has led to the discovery of PCB material onsite that will need to be <br />removed within one calendar year. The applications to Met Council and DEED would be <br />l¥cuscd on cleaning up this site so that private redevelopment could occur. At this point <br />statT has not come to an agreement on price for the site but will continue to negotiate with <br />the landowner to purchase the property at fair market value. The exact dollar amount for <br />thc clean-up for this site is not defined at this point but indications by ProSource are that <br />it could exceed $400,000. The City is required to match funding for this grant in an <br />amount up to 10% of the project costs and that can be done through utilization of CDBG <br />dollars that were awarded in 2005. The application deadline for both sources is May 1, <br />2005. <br /> <br />Staff' anticipates requesting approximately $300,000-$500,000 in grant funding from the <br />Metropolitan Council and DEED. <br /> <br /> <br />