1998 HRA Resolution 0690
HRA RESOLUTION NO. 690
RESOLUTION APPROVING THE MODIFIED REDEVELOPMENT PLAN FOR THE
RICHFIELD REDEVELOPMENT PROJECT AREA AND ADOPTING THE TAX
INCREMENT FINANCING PLAN FOR THE URBAN VILLAGE TAX INCREMENT
FINANCING DISTRICT; REQUESTING THE RICHFIELD CITY COUNCIL TO
CONDUCT A PUBLIC HEARING THEREON; AND RECOMMENDING APPROVAL OF
THE PLANS
BE IT RESOLVED
, by the Housing and Redevelopment Authority in and for the
City of Richfield, Minnesota as follows:
Section 1.Recitals.
1.01. The Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota (HRA) adopted a redevelopment plan (the “Redevelopment Plan”) for the
area of the City generally known as the Richfield Redevelopment Area on May 17,
1993.
1.02. The City Council of the City of Richfield (City) held a public hearing on the
Redevelopment Plan for the Richfield Redevelopment Project Area and approved the
Plan on June 14, 1993.
1.03. A proposal to create a new redevelopment Tax Increment Financing
District, to be heretofore known as the Urban Village Tax Increment Financing district,
has necessitated modification of the Redevelopment Plan for the Richfield
Redevelopment Project Area and the adoption of a Tax Increment Financing Plan (the
“TIF Plan”) for the Urban Village Tax Increment Financing District.
1.04. Except for the modification stated herein, the HRA reaffirms its findings
and conclusions as approved in the original Plan dated May 17, 1993.
1.05. The HRA has caused to be prepared modification to the Redevelopment
Plan and the TIF Plan for the Urban Village Tax Increment Financing District, both of
which are contained in a document entitled, “Tax Increment Financing Plan for the
Establishment of the Urban Village Tax Increment Financing District, within the
Richfield Redevelopment Project Area” dated November 4, 1998 and on file with the
HRA.
Section 2.HRA Approval.
2.01. The HRA finds that the objectives of the HRA in encouraging development
and redevelopment within the Richfield Project Area will be advanced by adoption of
the modified Redevelopment Plan and adoption of the TIF Plan for the Urban Village
Tax Increment Financing District.
2.02. The modified Redevelopment Plan and the TIF Plan are hereby approved
and adopted by the HRA.
Section 3.Further Proceeding.
3.01. The Executive Director of the HRA is hereby authorized and directed to
transmit copies of the Modified Redevelopment Plan and the TIF Plan to the School
Board of Independent School District No. 280, Intermediate School District No. 287,
and the Board of Commissioners of Hennepin County for review and comment and to
notify said public bodies of the public hearing to be held on the Plans by the City.
3.02. The Richfield Planning Commission has reviewed the modified
Redevelopment Plan and the TIF Plan and made a finding of consistency of the Plans
with the City’s Comprehensive Plan.
HRA Resolution No. 690-2-
3.03. The HRA requests the City to hold the public hearing on the modified
Redevelopment Plan and the TIF Plan required by Minn.Stat. Section 469.028 and
Minn.Stat. Section 469.175, Subd. 3, as soon hereafter as its practicable and
recommends that the modified Redevelopment Plan and the TIF Plan be approved by
the City.
3.04. The HRA also intends to request that the City from time to time consider
various other actions necessary to the implementation of the Redevelopment Plan and
the TIF Plan and pledges its cooperation with the City in achieving the objectives of the
Plan.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 16th day of November, 1998.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary