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HomeMy WebLinkAbout07-22 RESOLUTION NO. A RESOLUTION of the City Council of the City of Port Angeles, Washington, approving Milwaukee 'Trails Subdivision Development NICE funds request and Development Agreement. WHEREAS, the developers of the Milwaukee Trails Subdivision have requested New Improvements for Community Enhancement of Neighborhoods (NICE) funds in the amount of $43,969 from fund GG0303 for public street infrastructure in the 14th Street right of way that will support a 8-unit subdivision; and WHEREAS, NICE is a fund created by City Council Resolution No 5-04 to support public infrastructure improvements to electric, water, wastewater, stormwater, or streets to stimulate economic development and community reinvestment. Capital infrastructure improvements add value to adjacent property and stimulate private sector investment and redevelopment to upgrade a neighborhood and increase the tax base for overall revenue generation of the community; and WHEREAS,, addressing the community's housing needs, by supporting residential development is a City priority; and WHEREAS, NICE funds support and encourage private development, investment to help achieve the City's House America goals to increase housing, The funds also contribute to achieving the City's Strategic Plan Issue of Critical Importance: Housing and Homeless,, with a RICUS to increase the number of overall housing units and affordable units built and decrease the percentage of family inconne spent on housing and utilities,. WHEREAS, in this instance, the funds will result in construction of a sidewalk and a connection to the Olympic Discovery, and the value of the construction work will exceed a 50�% match for the NICE funding; and WHEREAS,the developer received an infill overlay zone approval in a residential medium density zone from the City's Hearing, Examiner to integrate open space in conjunction with net residential densities that achieve double the minimum unit per acre development potential. NOW,THEREFORE, BE IT RESOLVED by the City Council of the City of Port Angeles that the City Manager is authorized to commit an amount not to exceed S43,969 in NICE funds with developer reimbursement upon completion of the Subdivision Phase I and 2 Final Infill Overlay Zone Ordinance using fund 1o. GG0303. PASSED by the City Council of the City of Port Angeles at, a regular meeting of said Council hoeld on the day of April, 2022. ­—--kaie" D e x t e­_r,—M-"—ay o-_r ATTEST: Kari Martinez-Bailey, City C?;� APP OVED AS TO FORI.:-ttorn A t'to Wfllffrm E. Bloor, Cit mey 2