20-55 - 10-07 - Electing to Participate in the Local Housing Incentives Account Program Under the Metropolitan Livable Communiites ActRESOLUTION 20-55
RESOLUTION ELECTING TO PARTICIPATE IN
THE LOCAL HOUSING INCENTIVES ACCOUNT PROGRAM
UNDER THE METROPOLITAN LIVABLE COMMUNITIES ACT
CALENDAR YEARS 2021 THROUGH 2O30
WHEREAS, the Metropolitan Livable Communities Act (Minnesota 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 assistance 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 that each
municipality 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 Development Guide; 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 establishes 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.
NOW, THEREFORE, BE IT RESOLVED THAT the City of Golden Valley:
1. Elects to participate in the Local Housing Incentives Program under the
Metropolitan Livable Communities Act for calendar years 2021 through 2030.
2. Agrees to the following affordable and life -cycle housing goals for calendar years
2021 through 2030:
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Affordable Housing Goals Range Life-C cle Housing Goal
122-222 1 643
3. Will prepare and submit to the Metropolitan Council a plan identifying the actions it
plans to take to meet its established housing goals.
Adopted by the City Council of Golden Valley, Minnesota, this 7th day of October, 2020.
ATTEST:
Th4jesa J. Schyma, City Clerk
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DocuSigned by:
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Shepard M. "Harris, Mayor