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RESOLUTION ELECTING TO CONTINUE PARTICIPATING IN <br />THE LOCAL HOUSING INCENTIVES ACCOUNT PROGRAM <br />UNDER THE METROPOLITAN LIVABLE COMMUNITIES ACT <br />CALENDAR YEAR 1998 <br />WHEREAS, the Metropolitan Livable Communities Act (Minnesota Statutes Section 473.25 <br />to 473.254) establishes a Metropolitan Livable Communities Fund which is intended to address <br />housing and other development issues facing the metropolitan area defined by Minnesota Statutes <br />Section 473.121; and <br />WHEREAS, the Metropolitan Livable Communities Fund, comprising the Tax Base <br />Revitalization account, the Livable Communities Demonstration Account and the Local Housing <br />Incentive Account, is intended to provide certain funding and other assistance to metropolitan area <br />municipalities; and <br />WHEREAS, a metropolitan area municipality is not eligible to receive grants or loans under <br />the Metropolitan Livable Communities Fund or eligible to receive certain polluted sites cleanup <br />funding from the Minnesota Department of Trade and Economic Development unless the <br />municipality is participating in the Local Housing Incentives Account Program under the Minnesota <br />Statutes Section 473.254; and <br />WHEREAS, the Metropolitan Livable Communities Act required the Metropolitan Council <br />to negotiate with each municipality to establish affordable and life-cycle housing goals for the <br />municipality that are consistent with and promote the policies of the Metropolitan Council as <br />provided in the adopted Metropolitan Development guide; and <br />WHEREAS, each municipality must identify to the Metropolitan Council the actions the <br />municipality plans to take to meet the established housing goals through preparation of the Housing <br />Action Plan; and <br />WHEREAS, the Metropolitan Council adopted, by resolution after a public hearing, <br />negotiated affordable and life-cycle housing goals for each participating municipality; and <br />WHEREAS, a metropolitan area municipality which elects to participate in the Local <br />Housing Incentives Account Program must do so by November 15 of each year; and <br />( <br />V