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5.1. HRSR 11-01-2004
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5.1. HRSR 11-01-2004
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HRSR
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11/1/2004
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ITEM # 5.1. <br /> City of <br /> Elk <br /> River <br /> MEMORANDUM <br /> TO: Housing and Redevelopment Authority <br /> FROM: Heidi Steinmetz, Assistant Director of Economic Development S <br /> DATE: November I, 2004 <br /> SUBJECT: Small Cities Development Program Grant — Consider HRA as <br /> Local Development Organization <br /> Attachment <br /> • City Council Resolution Designating HRA as a Local Development Organization <br /> Issue <br /> • The City received a Small Cities Development Program (SCDP) federal funds grant from the <br /> MN Department of Employment& Economic Development (DEED) this past April. The <br /> grant will assist in the funding of the Jackson Block housing portion of the Downtown <br /> Revitalization Project. <br /> Only DEED approved eligible Local Development Organizations (LDOs), such as EDAs or <br /> HRAs,may use SCDP funds for actual housing construction costs. Therefore, the City <br /> Council may consider requesting,via the attached resolution, that the HRA be designated as <br /> the LDO for the Downtown Revitalization Project. The resolution will be submitted to <br /> DEED for approval. <br /> Recommendation <br /> Staff recommends that the HRA consider requesting that the City Council consider adopting <br /> the attached resolution requesting DEED to designate the HRA as a LDO. <br /> • <br />
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