Fiscal Impact
A fiscal note shows the financial impact of a given legislative action.
Metropolitan Council Livable Communities Demonstration Account (LCDA) Pre-development grant for the Chicago-Lake Rebuild project and LCDA Transit Oriented Development (TOD) Pre-development grant for the 3030 Nicollet project - Fiscal Note
No
Community Planning & Economic Development
1600
Yes
July 1, 2021 - June 30, 2023
Yes - 25%
0000000
There will be no ongoing commitment for the City once these grants are expended. These resources are for project-specific activities.
The pass-through grant recipients are responsible for the 25% match for these grant funds.
BUDGET IMPACT
List of revenues and expenditures related to this request
| Request Financing | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue Sources | |||||
| 8900320 | $75,000 | ||||
| 8900220 | $150,000 | ||||
| Total Revenues | $225,000 | $0 | $0 | $0 | $0 |
| Expenditures | |||||
| 8900320 | $75,000 | ||||
| 8900220 | $150,000 | ||||
| Total Expenditures | $225,000 | $0 | $0 | $0 | $0 |
| Net Budgetary Impact (Revenue-Exp.) | $0 | $0 | $0 | $0 | $0 |
Not Applicable
Not Applicable