1999 HRA Resolution 0730
HRA RESOLUTION NO. 730
RESOLUTION MODIFYING THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND ADOPTING THE MODIFICATION TO THE REDEVELOPMENT PLAN
RELATING THERETO; MODIFYING THE TAX INCREMENT FINANCING PLAN FOR
THE GRAMERCY TAX INCREMENT FINANCING DISTRICT; MODIFYING THE TAX
INCREMENT FINANCING PLAN FOR THE URBAN VILLAGE TAX INCREMENT
FINANCING DISTRICT; ESTABLISHING WITHIN THE RICHFIELD
REDEVELOPMENT PROJECT AREA, RICHFIELD REDISCOVERED 1999 TAX
INCREMENT FINANCING DISTRICT 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 the Richfield Redevelopment Project Area, Modification
to the Tax Increment Financing Plan for the Gramercy Tax Increment Financing District,
Modification to the Tax Increment Financing Plan for the Urban Village Tax Increment
Financing District, establish the Richfield Rediscovered 1999 Tax Increment Financing
District, and adopt the Tax Increment Financing Plan related thereto, (collectively, the
"Plans"), 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 Plans and presented for the HRA's consideration; and
WHEREAS,
the HRA has investigated the facts relating to the Plans and has
caused the Plans to be prepared; and
WHEREAS,
the proposed developments as described in the Plans, 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 Plans, but not limited to, notification of Hennepin County and
School District No. 280 having taxing jurisdiction over the property to be included in
Gramercy, Urban Village, and Richfield Rediscovered 1999 Tax Increment Financing
Districts, notice of the modifications and proposed redevelopment district to the local
county commissioner, a request for review of and written comment on the Plans by the
City Planning Commission, and a request that the City Council schedule a public
hearing on the Plans 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 is modifying the boundaries of the Richfield Redevelopment Project Area
and identifying additional parcels for acquisition.
2)The HRA hereby approves the modification to the Richfield Redevelopment Project
Area Plan.
3)The HRA is not modifying the boundaries of the Gramercy Tax Increment Financing
District nor modifying the boundaries of the Urban Village Gramercy Tax Increment
Financing District.
4)The HRA is modifying the budgets relating to the Gramercy and Urban Village Tax
Increment Financing Districts.
5)The HRA hereby approves the modifications to the Tax Increment Financing Plans
for the Gramercy Tax Increment Financing District and Urban Village Tax Increment
Financing District.
6)The HRA hereby finds that the Richfield Rediscovered 1999 Tax Increment
Financing District 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 Plans will advance the HRA's and City's objectives of encouraging
redevelopment within the Richfield Redevelopment Project Area.
7)The HRA did previously identify and purchase seven substandard properties and
demolished six of the properties with the intention of including these properties in the
Richfield Rediscovered 1999 Tax Increment Financing District and plan related
thereto, pursuant to Minnesota Statutes, section 469.174, subd. 10(d).
8)The HRA hereby establishes the Richfield Rediscovered 1999 Tax Increment
Financing District and approves the Tax Increment Financing Plan relating thereto.
9)Conditioned upon the approval thereof by the City Council following its public
hearing thereon, the Plans, as presented to the HRA on this date, are hereby
approved, established and adopted and shall be placed on file in the Community
Development Department at the City of Richfield.
10)Upon approval of the Plans by the City Council, the staff, the HRA's advisors and
legal counsel are authorized and directed to proceed with the implementation of the
Plans 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 Plans does not constitute approval of any project or a
Development Agreement with any developer.
11)Upon approval of the Plans by the City Council, the Executive Director is authorized
to forward a copy of the Plans 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 September, 1999.
_______________________________
Thomas E. Harms, Chair
ATTEST:
__________________________
Michael Sandahl, Secretary
EXHIBIT A
The seven parcels which contain or contained substandard structures which were or will
be demolished and which the HRA intends to include in a new tax increment financing
district for the Richfield Rediscovered New Construction Program, 1999 are as follows:
1.6224 Bloomington Avenue
2.6915 13th Avenue
3.7133 Lyndale Avenue
4.7025 Nicollet Avenue
5.6855 Penn Avenue
6.6833 Penn Avenue
7.6901 12th Avenue