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Of NM BRKAHON W city that works for you Report Number Agenda Section Council Meeting Date REQUEST FOR COUNCIL CONSIDERATION ITEM DESCRIPTION: Program Under the Metc000l osolution Electing to Continue Participating in tl Livable Communities Act, Calendar years 2011 DEPARTMENT HEAD'S APPROVAL: Grant Femelius, CITY MANAGER'S APPROVAL: No comments to attached 10-190 VI -3 August 24, 2010 Local Housing Incentives Account rough 2020. Director CWgTi Recommendation: Adopt the attached Resolution, electing to continue participating in the Local Housing Incentives Account Program under the Metropolitan Livable Communities Act and acknowledging the City's fair share of the region's affordable and life cycle housing needs. Legislative History: August 10, 2010: The City Council removed this item from the consent agenda and directed staff to inquire if the City is able to withdraw from the program at any time. Staff did correspond with the Met Council on this issue (see attached email) and have confirmed that the City can withdraw its participation in the Local Housing Incentives Account Program at any time. October 24, 1995: The City Council adopted Resolution 95-99 electing to participate in the Local Housing Incentives Account Program under the Metropolitan Livable Communities Act, beginning in calendar year 1996. Financial Impact: As has been required since 1996, the City must spend or agree to spend or distribute to the Local Housing Incentives Account the required Affordable and Life -Cycle Housing Opportunities Amount (ALHOA) for each year the municipality participates in the Local Housing Incentives Account Program. The City has received credit for its investments in the Northwest Quadrant to satisfy this requirement. Last year the City's required ALHOA amount was $59,581, which was spent towards clean-up in the Northwest Quadrant that will ultimately result in both affordable and life cycle housing units. Explanation: Since the Livable Communities Act (LCA) of 1996, the City has acknowledged its fair share of needed affordable and life cycle housing units through participation in the LCA Local Housing Incentives Account. The goals established in 1996 were valid through 2010. Should the City wish to participate in calendar years 2010 through 2020, the Metropolitan Council has identified both affordable and life cycle housing goal ranges. Those goal ranges are: A) affordable housing units of 89-137 units, and B) life cycle housing units of 135-400 units. Participation in the LCA Local Housing Incentive Account and acknowledgment of these housing goals, including a commitment to expend dollars to achieve these goals, is on a voluntary basis. To make official the City's decision to continue participation in the LCA, the Metropolitan Council is asking the City to adopt these new affordable and life cycle housing goal ranges by passing a resolution (see attached). City staff sought additional information from the Metropolitan Council regarding the city's commitment to voluntarily continue to participate in the LCA Local Housing Incentive Account and whether the City can withdraw participation at any time (see attached email exchanges). Essentially, if the City chooses not to continue participation in the program the City will no longer be eligible to receive various grant monies distributed by the Metropolitan Council or DEED. Since 1996, the City has received $3,082,250 in LCA grants.