Resolution - #06-06-178 - 06/13/2006

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Councilmember Cook introduced the following resolution and moved for its adoption: RESOLUTION #06-06-178 A RESOLUTION GRANTING PRELIMINARY SITE PLAN APPROVAL, AFFIRMING THE ALLOCATION OF ANOKA COUNTY HRA LEVY FUNDS, INTENT TO TRANSFER LAND, AND PROVISION OF TAX INCREMENT FINANCING (TIF) ASSISTANCE TO THE ACCAP-RAMSEY TOWN CENTER APARTMENTS. WHEREAS, the 2001 City of Ramsey Comprehensive Plan identifies goals and policies which include, but are not limited to the following: (a) working with local and regional housing agencies to identify low and moderate income housing needs; and (b) providing a balanced supply of housing for people of all income levels, ethnicity and physical abilities; and WHEREAS, the City of Ramsey is a current participant in the Livable Communities Program with the Metropolitan Council; and WHEREAS, the Ramsey Town Center Master Plan indicates the desire to include a wide range of income levels and unit sizes within the Ramsey Town Center; and WHEREAS, the document entitled "An Analysis of Potential Demand For Workforce And Senior Housing in Ramsey, Minnesota", prepared by Maxfield Research, Inc., and dated April 2006, identifies the need for more market rate and affordable general occupancy rental units and references Ramsey Town Center as the best location for rental housing; and WHEREAS, the City has received an application for site plan approval from Anoka County Community Action Program and J. Johnson, Inc. (hereinafter referred to as 'Project Applicants') for a mixed-use, mixed-income building in the Ramsey Town Center with first floor retail and 4 stories of rental apartments (20 affordable and 20 market rate units); and WHEREAS, the Project Applicants have requested a 0% interest, 30-year loan from the Anoka County Housing and Redevelopment Authority (ACHRA) as an element of funding for the project; and WHEREAS, the City has officially requested that the Anoka County Housing and Redevelopment Authority provide said loan to the Project Applicants; and WHEREAS, the Project Applicants have requested that the City provide additional assistance to the project in the form of Tax Increment Financing; and WHEREAS, the Project Applicants have requested that the City act as a pass-through for an application to the Metropolitan Council's Livable Communities Local Housing Incentive Account (LHIA) for additional funding for the Project; and WHEREAS, said application requires that the City verify that no eminent domain will be used for the Project.