5.3. SR 06-14-2010 - Laserfiche WebLink

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Transit Improvement Areas Page 1 of 1 .~,,~ µ ~~" , _, Transit Improvement Areas DEED is accepting applications from local government authorities for the designation of Transit Improvement Areas (TIA). TIAs were created to designate land parcels near bus rapid transit, light rail transit and commuter rail stations. Upon designation, TIAs would be eligible to receive loan dollars to help fund projects that increase the effectiveness of transit by incorporating commercial, residential, or mixed- use development and provide for safe, pedestrian-friendly use. Currentlv there are no state funds availahlP. However, with the recent availability of federal funds targeted towards transit and sustainable communities, DEED has been requested to make designations with the intention of leveraging applications for other sources of funding, Eligible Applicants Applications are only encouraged from applicants seeking federal funding or those that find applying would be beneficial for other immediate funding purposes. Eligible applicants include: • Statutory or home rule charter cities • Counties • Joint powers boards Eligible applicants must submit a Transit Improvement Area plan. Qualifying Plans Parcels must meet the following criteria in order to qualify for designation as a Transit Improvement Area: • The entire transit Improvement Area must be within ahalf-mile radius of the transit station. • The transit station must support at a minimum one of the following modes: bus rapid transit, light rail transit, or commuter rail. • The transit station must be operational by the year 2020. • The TIA plan must incorporate transit with commercial, residential, or mixed-use development. • Plans with a residential component must provide a minimum of 12 units per acre or a density bonus that allows for an increase in the number of residential units. Application Deadline The application deadline for the 2010 calendar year is July 16th at 4 pm. An applicant may seek designation for more than one TIA, though separate applications must be completed for each. • Click here to download the TIA application. Upcoming TIA Workshops DEED will be hosting two workshops in the Metro area. Topics discussed will include details pertaining to the application process, completing the application and other statutory requirements. The first workshop will be Thursday, June 3, 2010 at 11a.m. at DEED headquarters, 1St National Bank Building, 332 Minnesota Street, Ste E200, St. Paul, MN 55101. The second workshop will be Tuesday, June 8, 2010 at 2 p.m. at the Anoka County Library, Mississippi Branch, 410 Mississippi Street Northeast, Fridley, MN 55432. For More Information Contact Meredith Udoibok at 651-259-7454 or email meredith,udoibokstate.mn.us or Erin Welle at 651-259-7431 or email erin.welleCcz).state.mn.us. ©2010 Minnesota Department of Employment and Economic Development Privac~Policv Accessibility Site Map Webmaster Contact Us http://www.positivelyminnesota.com/Government/Community_Development_Resources/Transit Improveme... 6/9/2010