Agenda - Council - 01/27/1981 - Laserfiche WebLink

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LAWCON/LCMR funds was used. Staff recomends 10 percent be taken off the top for FY '82. If additional funds are needed, staff recommends that these funds come from the policy planning area allocation in which the boat launch is located in proportion to the total cost of all boat launoh projects located in each planning area. This is the same procedure used for FY '81 grants. D. Grant Maximum For FY '81 grants, the Council set the grant maximum at: $200,000 .......... Fully Developed Area $150,000 .......... Area of Planned Urbanization $50,000 .......... Freestanding Growth Center $50,000 .......... Rural Area The top ranked projects are eligible for a 50 percent LAWCON and a 25 percent LCMR grant with a 25 percent local share. After the LAWCON funds are expended, the projects are programmed for a 50 percent LC:-~ grant with a 50 percent local share. Therefore, the total project costs covered by maximum grants at a 75 percent funding level would be: $266,500 .......... Fully Developed Area $200,000 .......... Area of Planned Urbanization $75,000 .......... Freestanding Growth Centers and Rural Area The grant maximum for Freestanding Growth Center and Rural Area applications was reduced from $100,000 to $50,000 by the Commission for FY '81. This was done to promote more grants in these policy planning areas. Staff received comments from the cities of Rosemount, Chaska and Prior Lake that the $50,000 grant limitation was too low for Freestanding Growth Centers. They requested that the Commission consider raising the grant maximum back to at least $100,000 for FY '82 grants. Following is an analysis of FY '80 and FY '81 grants and the effect the $50,000 grant limitation had on Freestanding Growth Centers. FY '80 FY '81 Percent Chan~e Grant maximum $100,000 $ 50,000 -50 No. of applieationa received 13 9 -30 Amount of grant funds available $244,000 $191,740 -21 No. of grants awarded 4 5* +20 Average total project cost $ 94,053 $ 83,174 -11 Average grant awarded 61,000 $ 38,348 -37 Average grant percentage of cost 64% 46% -28 Average local match percentage 36% 54% +33 Five grants will be awarded. At the present time only four have been awarded as Shakopee had to withdraw its application on O'Dowd Lake. It didn't have enough funds to match the grant.