HomeMy WebLinkAbout20-126 Local Housing Incentives Account Program
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4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 20-126
A RESOLUTION ELECTING TO CONTINUE PARTICIPATION IN THE
LOCAL HOUSING INCENTIVES ACCOUNT PROGRAM UNDER THE
METROPOLITAN LIVABLE COMMUNITIES ACT
Motion By: Braid Second By: Thompson
WHEREAS, the Metropolitan Livable Communities Act (Minneso ta Statutes sections 473.25
to 473.255) establishes a Metropolitan Livable Communities Fund which is
intended to address housing and other development issues facing the
metropolitan area defined by Minnesota Statutes section 473.121; and
WHEREAS, the Metropolitan Livable Communities Fund, comprising the Tax Base
Revitalization Account, the Livable Communities Demonstration Account, the
Local Housing Incentive Account and the Inclusionary Housing Account, is
intended to provide certain funding and other as sistance to metropolitan-area
municipalities; and
WHEREAS, a metropolitan-area municipality is not eligible to receive grants or loans under
the Metropolitan Livable Communities Fund or eligible to receive certain polluted
sites cleanup funding from the Minnesota Department of Employment and
Economic Development unless the municipality is participating in the Local
Housing Incentives Account Program under Minnesota Statutes section
473.254; and
WHEREAS,
the Metropolitan Livable Communities Act requires the Metropolitan Council to
negotiate with each municipality to establish affordable and life -cycle housing
goals for that municipality that are consistent with and promote the policies of
the Metropolitan Council as provided in the adopted Metropolitan D evelopment
Guide; and
WHEREAS,
previously negotiated affordable and life -cycle housing goals for municipalities
participating in the Local Housing Incentives Account Program expire in 20 20;
and
WHEREAS,
a metropolitan-area municipality can participate in the Local Housing Incentives
Account Program under Minnesota Statutes section 473.254 if: (a) the
municipality elects to participate in the Local Housing Incentives Program; (b)
the Metropolitan Council and the municipality successfully negotiate new
affordable and life-cycle housing goals for the municipality; (c) the Metropolitan
Council adopts by resolution the new negotiated affordable and life-cycle
housing goals for the municipality; and (d) the municipality establish es it has
spent or will spend or distribute to the Local Housing Incentives Account the
required Affordable and Life -Cycle Housing Opportunities Amount (ALHOA) for
each year the municipality participates in the Local Housing Incentives Account
Program.
2
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The City of Prior Lake e lects to participate in the Local Housing Incentives Program under
the Metropolitan Livable Communities Act for c alendar years 2021 through 2030.
3. The City of Prior Lake agrees to the following affordable and life -cycle housing goals for
calendar years 2021 through 2030.
Affordable Housing Goals Range Life-Cycle Housing Goal
415 to 754 units 1,190 units
4. The City of Prior Lake will prepare and submit to the Metro politan Council a plan identifying
the actions it plans to take to meet its established housing goals.
Passed and adopted by the Prior Lake City Council this 2nd day of November 2020.
VOTE Briggs Thompson Burkart Braid
Aye ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager