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HomeMy WebLinkAbout20071203 - VI-08Memo "'~ To: Mayor Hicks and City Council From: John Hinzman, Planning Director Date: December 3, 2007 Subject: Resolution -Authorize Grant Submittal #2007-50 -Dakota County CDA Redevelopment Incentive Grant. REQUEST The City Council is asked to adopt the attached resolution authorizing submittal of a $250,000 application for the Dakota County CDA Redevelopment Incentive grant. Funding would assist public improvements related to Blocks 1 and 2 downtown. - The City received the requested grant last yearforthe same project; howeverfunding was not released because we did not meet the project deadlines. RESOLUTION NO. CITY OF HASTINGS, MINNESOTA RESOLUTION AUTHORIZING SUBMITTAL OF A GRANT APPLICATION FOR A DAKOTA COUNTY COMMUNITY DEVELOPMENENT AGENCY REDEVELOPMENT INCENTIVE GRANT WHEREAS, the City of Hastings has identified a proposed project within the City that meets the Dakota County Community Development Agency (CDA) Redevelopment Incentive Grant program's purposes and criteria; and WHEREAS, the City has established a Redevelopment Plan of which the proposed project is a component; and WHEREAS, the City has the capability and capacity to ensure the proposed project be completed and administered within the Redevelopment Incentive Grant program guidelines; and WHEREAS, the City has the legal authority to apply for financial assistance; and WHEREAS, the City is supportive of the CDA's mission and of affordable housing. NOW THEREFORE BE IT RESOLVED that the City of Hastings approves the application for funding from the Dakota County CDA Redevelopment Incentive Grant program. BE IT FURTHER RESOLVED that upon approval of its application by the Dakota County CDA, the City Administrator, and the Mayor, are hereby authorized to execute such agreements as are necessary to receive and use the funding for the proposed project. Adopted this 3`d day of December, 2007. Paul J. Hicks, Mayor Melanie Mesko Lee, City Clerk