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K. _{. < <br /> ..- O`�V? <br /> � 1 <br /> • O O <br /> �b. - CITY of ORONO <br /> � � <br /> ti <br /> � p'�' RESOLUTION OF THE CITY COUNCIL <br /> . L`9ji'ESHOg'� NO. � � n � <br /> RESOLUTION ELECTING TO CONTINUE PARTICIPATING IN <br /> THE LOCAL HOUSING INCENTIVES ACCOUNT PROGRAM <br /> UNDER THE METROPOLITAN LIVABLE COMMUNITIES ACT <br /> CALENDAR YEAR 1997 <br /> WHEREAS, the Metropolitan Livable Communities Act (Minnesota Statutes Section <br /> 473.25 to 473.254) establishes a Metropolitan Livable Communities Fund which is intended to <br /> address housing and other development issues facing the metropolitan area defined by Minnesota <br /> Statutes 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 <br /> area municipalities; and � <br /> WHEREAS, a metropolitan area municipality is not eligible to receive grants or loans <br /> under the Metropolitan Livable Communities Fund or eligible to receive certain polluted sites <br /> cleanup funding from the Minnesota Department of Trade and Economic Development unless <br /> the municipality is participating in the Local Housing Incentives Account Program under the <br /> Minnesota Statutes Section 473.254; and <br /> WHEREAS, the Metropolitan Livable Communities Act requires the Metropolitan <br /> Council to negotiate with each municipality to establish affordable and life-cycle housing goals <br /> for that municipality that are consistent with and promote the policies of the Metropolitan <br /> Council as 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 <br /> Housing action Plan; and <br /> VVHEREAS, 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 Locai <br /> • Housing Incentives Account Program must do so by November 15 0�each year; and <br />