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HomeMy WebLinkAboutItem 06.n Date: Item No. Kingsley Place Senior Housing Subrecipient Agreement for a Contaminated Site Cleanup Grant Proposed Action Staff recommends adoption of the following motion: Approve a Subrecipient Agreement with Charthouse Senior Living LLC for a $413,583 Contaminated Site Cleanup Grant from the MN Department of Employment and Economic Development for the Kingsley Place Senior Housing Project. Overview In August of 2019, construction began on a 55-unit independent living four-story building called Kingsley Place that is adjacent to the original Kingsley Shores and will be connected by a skyway. On April 6, 2020 the City Council authorized the submittal of a Contaminated Site Cleanup grant application to the MN Department of Employment and Economic Development (DEED) to address contaminated soils discovered on the site. On June 25 the City was notified that it had received a grant in the amount of $413,583. The attached Subrecipient Agreement with Charthouse Senior Living LLC (Developer) includes the terms and conditions of the DEED grant funds. The Developer will be required to submit paid invoices for eligible cleanup costs identified in the DEED grant application. Upon receipt of the paid invoices, the City will request payment of grant funds from DEED that once received, will be used to reimburse the Developer. No City funds are proposed to fund cleanup costs. Staff recommends approval of this Subrecipient Agreement with Charthouse Senior Living LLC. Primary Issues to Consider • None Supporting Information • June 25, 2020 Grant Award Letter from the MN Department of Employment and Economic Development. • Subrecipient Agreement signed by Charthouse Senior Living LLC Financial Impact: $ Budgeted: Y☐ N☒ Source: Related Documents: (CIP, ERP, etc.): Envision Lakeville Community Values: Diversified Economic Development Report Completed by: David L. Olson, Community & Economic Development Director August 17, 2020 None