HomeMy WebLinkAboutItem 07.a
Date: Item No.
REDEVELOPMENT INCENTIVE GRANT APPLICATION FOR THE
2017 HOLYOKE AVENUE RECONSTRUCTION PROJECT
Proposed Action
Staff recommends adoption of the following resolution: Adopt a resolution authorizing the submittal of
an application for the Redevelopment Incentive Grant (RIG) from the Dakota County Community
Development Agency (CDA) to partially fund the 2017 Holyoke Avenue Reconstruction Project.
Overview
The City Council approved the 2017 Capital Improvement Plan which includes the reconstruction of
Holyoke Avenue from Co. Rd. 70 to Heritage Drive. Included in this project is the replacement of
sidewalks in the Central Business District from 210th Street to Upper 206th Street. The total budget for the
project is $1.473 million and a Feasibility Study for the project will be presented to the City Council in
February.
City staff and consultants from Hoisington Koegler Group Inc. have been meeting with Downtown
Lakeville Business Association representatives for over year to come up with a streetscape design concept
that is supported by the business and property owners. This design concept was presented to the City
Council at the November 28, 2016 Council Work Session. Staff is recommending that the City apply for
the maximum RIG grant amount of $250,000. The RIG program also requires a 2-1 match requirement
which would be met with property owner assessments and City funds proposed for the project.
The RIG program is a competitive annual grant program that is funded and administered by the Dakota
County CDA. The City has previously received grants from this program for the Market Plaza and
Downtown public parking improvements. The CDA will approve grant awards in April of this year.
Primary Issues to Consider
• What is the primary public benefit of applying RIG grant funds for the Holyoke Avenue Project?
It would reduce both the City’s and property owner’s share of the project cost and would provide
allow for enhancements to the streetscape in the Central Business District.
Supporting Information
• Resolution authorizing RIG application
c: Rick Howden, Economic Development Specialist
Financial Impact: $250,000 Budgeted: Y☒ N☐ Source
Related Documents: (CIP, ERP, etc.):
Envision Lakeville Community Values: Diversified Economic Development
Report Completed by: David L. Olson, Community and Economic Development Director
January 17, 2017
CDA RIG Grant
CITY OF LAKEVILLE
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO. ______
RESOLUTION AUTHORIZING SUBMITTAL OF A REDEVELOPMENT INCENTIVE GRANT
APPLICATION TO THE DAKOTA COUNTY CDA
WHEREAS, the City of Lakeville has identified the proposed Holyoke Avenue and
Streetscape project is 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 affordable housing and of the CDA’s mission, to
improve the lives of Dakota County residents through affordable housing and community
development.
NOW, THEREFORE BE IT RESOLVED that the City of Lakeville approves the
application for funding from the Dakota County CDA Redevelopment Incentive Grant
program for the Holyoke Avenue and Streetscape Project.
BE IT FURTHER RESOLVED that upon approval of its application by the Dakota
County CDA, the Mayor and City Clerk of Lakeville, is hereby authorized to execute such
agreements as are necessary to receive and use the funding for the proposed project.
DATED this ____ day of January, 2017
CITY OF LAKEVILLE
___
Douglas P. Anderson, Mayor
ATTEST:
___________________________
Charlene Friedges, City Clerk