1998 HRA Resolution 0656
HRA RESOLUTION NO. 656
RESOLUTION MODIFYING REDEVELOPMENT PROJECT AREA “A”
AND ADOPTING THE MODIFICATION TO THE REDEVELOPMENT PLAN RELATED
THERETO; ESTABLISHING WITHIN REDEVELOPMENT PROJECT AREA “A”,
TAX INCREMENT FINANCING DISTRICT NO. A-5 AND ADOPTING
THE TAX INCREMENT FINANCING PLAN RELATED THERETO; ALL RELATING TO
THE RICHFIELD REDISCOVERED NEW CONSTRUCTION PROGRAM
WHEREAS,
it has been proposed that the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota (the "HRA") adopt the Modification
to the Redevelopment Plan for Redevelopment Project Area “A”, establish Tax
Increment Financing District No. A-5, and adopt the Tax Increment Financing Plan
related thereto, (collectively, the "Program and Plan"), all related to the Richfield
Rediscovered New Construction Program, and all pursuant to and in conformity with
existing law, including Minnesota Statutes, Sections 469.001 through 469.047, and
Sections 469.174 to 469.179, inclusive, as amended, all as reflected in the Modification
to the Program and Plan and presented for the HRA's consideration; and
WHEREAS,
the HRA has investigated the facts relating to the Program and Plan
and has caused the Program and Plan to be prepared; and
WHEREAS,
the proposed developments as described in the Program and Plan,
in the opinion of the HRA, would not reasonably be expected to occur solely through
private investment within the reasonable foreseeable future and, therefore, the use of
tax increment financing is deemed necessary; and
WHEREAS,
the HRA has performed all actions required by law to be performed
prior to the adoption of the Program and Plan, including but not limited to notification of
Hennepin County and School District No. 280 having taxing jurisdiction over the
property to be included in Tax Increment Financing District No. A-5, notice of a
potential redevelopment district to the local county commissioner, a request for review
of and written comment by the City Planning Commission regarding consistency of the
Program and Plan with the City’s Comprehesive Plan, and a request that the City
Council schedule a public hearing on the Program and Plan upon published notice as
required by law.
NOW, THEREFORE, BE IT RESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield as follows:
1)The HRA hereby finds that Tax Increment Financing District No. A-5 is in the public
interest and is a "redevelopment district" under Minnesota Statutes, Section
469.174, subd. 10 (a)(1), and finds that the adoption of the proposed Program and
Plan will advance the HRA's and City's objectives of encouraging redevelopment
within Redevelopment Project Area “A”.
2)Conditioned upon the approval thereof by the City Council following its public
hearing thereon, the Program and Plan, as presented to the HRA on this date, are
hereby approved, established and adopted and shall be placed on file in the office
of the City Clerk.
Hra Resolution No. 656-2-
3)Upon approval of the Program and Plan by the City Council, the staff, the HRA's
advisors and legal counsel are authorized and directed to proceed with the
implementation of the Program and Plan and for this purpose to negotiate, draft,
prepare and present to the HRA for its consideration all further plans, resolutions,
documents and contracts necessary for this purpose. Approval of the Program and
Plan does not constitute approval of any project or a Development Agreement with
any developer.
4)Upon approval of the Program and Plan by the City Council, the City Clerk is
authorized to forward a copy of the Program and Plan to the Hennepin County
Auditor and the Minnesota Department of Revenue pursuant to Minnesota Statutes
469.175, subdivision 2.
Approved by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 20th day of January, 1998.
_______________________________
Thomas E. Harms, Chair
ATTEST:
__________________________
Michael Sandahl, Secretary