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Lakeville reviews $625,000 regional housing allocation, staff recommends committing funds to county program and Fisher property site prep
Summary
Staff reported a $625,000 allocation from the regional housing sales tax for 2025, outlined allowable uses and deadlines, and asked council whether to commit up to $250,000 to a county/CDA program and consider using remaining funds for site prep at a proposed senior housing project on part of the Fisher Broadgate property.
City staff told the Lakeville council on Dec. 8 that Lakeville’s 2025 allocation from the regional housing sales tax is $625,000 and reviewed eligible uses, reporting deadlines and timelines for committing funds. Staff said cities must commit funds within three years and utilize them within four.
Staff recounted that for 2024 the city worked with Dakota County to administer its allocation and that counties and the CDA have…
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