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2014-72CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: November 10, 2014 RESOLUTION NO: 2014 -72 MOTION BY: Laufenburger SECONDED BY: Ernst RESOLUTION ELECTING TO CONTINUE PARTICIPATING IN THE LOCAL HOUSING INCENTIVES ACCOUNT PROGRAM UNDER THE METROPOLITAN LIVABLE COMMUNITES ACT CALENDAR YEARS 2011— 2020 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 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 Development Guide; and WHEREAS, existing affordable and life -cycle housing goals for municipalities participating in the Local Housing Incentives Account Program expired in 2010, 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, and WHEREAS, the City of Chanhassen has received an allocation of affordable and life -cycle housing goals for the municipality per a letter from Guy Peterson, Metropolitan Council, dated June 25, 2010; and WHEREAS, there are numerous variables outside of the control of the City that negatively impact its ability to achieve these goals, including but not limited to cost of land and infrastructure, market demands, availability of employment and affordable and convenient transportation, and cost of compliance with regulatory requirements at all levels of government; and WHEREAS, the City does not believe that sufficient public financial resources are available to meet its allocated goals; and WHEREAS, the City of Chanhassen does not have funding available to provide direct financial assistance to affordable and life -cycle housing projects, WHEREAS, the City is willing to encourage development that assists in meeting these goals, but is unable to mandate private investment in providing this housing, and NOW, THEREFORE, BE IT RESOLVED that the City of Chanhassen hereby 1 Elects to participate in the Local Housing Incentives Program under the Metropolitan Livable Communities Act for calendar years 2014 through 2020. 2. Does not agree that the goals provided by the Metropolitan Council are achievable regardless of the current state of the economy given the current limits on the amount of properties that can be serviced with sanitary sewer. Establishes the following affordable and life -cycle housing goals for calendar years 2014 through 2020 as provided by the Met Council per its June 25, 2010 correspondence with the understanding that there shall be no negative impacts on the City for not achieving these goals. Affordable Housing Goals Range Life -Cycle Housing Goals Range 758 -1,166 units 1,165— 2,600 units 4 Will prepare and submit to the Metropolitan Council a plan identifying the actions it plans to take to meet its established housing goals Reserves the right to cancel its participation in the program if it is determined by the City at some future time that participation in the program does result in negative impacts to the City of Chanhassen. 2 Passed and adopted by the Chanhassen City Council this 10th day of November , 2014. ATTEST: Todd Gerhardt, City Manager YES Furlong Ernst Laufenburger McDonald Tjornhom NO None i Thomas A Furlong, Mayor ABSENT None