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(I) METROPOLITAN LIVABLE COMMUNITIES ACT <br />(SJ^. 1019, Laws 1995, Chapter 255) <br />This act establishes the Metropolitan Livable Communities Fund under the jurisdiction of <br />the Metropolitan Council. Under the act, three separate accounts or programs are <br />established with each account having specific purposes and specific revenue sources. <br />(Please see graphic on page 2) <br />City participation is voluntary. However, if a city does not participate in the Local <br />Housing Incentives Account, it is not eligible for funds the three accounts or the <br />pollution clean-up fund, which is administered by the Department of Trade and Economic <br />Development (DTED). <br />The Met Council will establish criteria and guidelines for the Livable Communities Fund <br />and the grants and loans process, as well as an annual plan for distribution of the funds and <br />an annual usage report. <br />Tax Base Revitalization Fund <br />Grants for polluted land clean-up will be issued in the metro area. The Met Council will <br />set priorities for the use of the funds if there are a great number of requests. Grants will <br />be awarded for qualified sites that provide the higtest return in public benefits. No more <br />than half of the funds can go to a single city and no more than 75 percent to projects in <br />first-class cities. Cities may use the grants for the local match requirements for projects <br />funded under the DTED contamination clean-up grant program. The local match payment <br />is reduced to 12 percent (was 18 percent) of the clean-up costs. <br />Livable Communities Demonstration Account <br />The Met Council may levy a property tax equal to 50 percent of the Metropolitan <br />Mosquito Control District (MMCD) levy for taxes payable in 1995, indexed for market <br />growth. The account will receive an annual HACA payment equal to 50 percent of the <br />current MMCD HACA payment <br />Grants and loans will be provided to participating cities for projects that meet specific <br />guidelines. The projects should: <br />• Interrelate development or redevelopment and transit; <br />• Interrelate affordable housing and employnant opportunities; <br />• Interrelate development or redevelopment that mixes incomes of residents; <br />• Intensify land use that leads to more compact development; <br />• Encourage public infrastructure investments which connect urban neighborhoods and <br />suburban communities, as well as provide project area residents with opportunities for <br />private sector employment <br />1995 Policy Narrative