The purpose of this case is as follows:

1. Approve Subgrant Agreement by and between the City and the River Walk Village project
2. Approve restrictive covenants as required by Grant Agreement by and between the Metropolitan Council

Notification is not required for this step. Multiple notifications were provided on this project were provided with previous steps.

River Walk Village is a private 14 lot detached single-family development with an operating Home Owners Association. The project itself has previously been approved by the City Council. This case is the final approvals required to begin the cleanup project.

As the Council may recall, this project required a significant amount of cleanup of contaminated soils. There is an acre unapproved landfill approximately 14 feet deep. The Metropolitan Council awarded a $902,000 cleanup grant and the Anoka County Housing and Redevelopment Authority (ACHRA) provided an $87,000 local match. Due to the structure of both funding awards, the agreements are between the grant agency and the City. The funds are not directly disbursed to the Developer. 

The Developer will be completing this cleanup project as a private development project to be reimbursed after completion of eligible activities. The Developer must then deliver the development project as proposed (14 lot residential neighborhood). The ensure that the City is not liable for any default of the Developer, this Subgrant Agreement is presented for consideration. The Subgrant Agreement has been reviewed by the City Attorney.

Additionally, the Metropolitan Council Grant was awarded in part based on the proposal to maintain affordability of 3 of the homes at approximately $230,000 to $240,000. To ensure that this affordability level is maintained, the Developer has agreed to place restrictive covenants on these three parcels on the north side of Rivlyn Avenue. 

All costs associated with processing this Application are the responsibility of the Developer. Funding for the cleanup project has been provided by the Metropolitan Council and Anoka County Housing and Redevelopment Authority. No direct City funds have been included in this project at this time. 

Staff recommends approval of the Subgrant Agreement and Restrictive Covenant. 

Motion to adopt Resolution #19-262 approving Subgrant Agreement and Restrictive Covenants for River Walk Village.