04-935r
109
HRA RESOLUTION NO. 935
RESOLUTION APPROVING A MODIFICATION TO THE REDEVELOPMENT
PLAN FOR THE RICHFIELD REDEVELOPMENT PROJECT AREA AND A
MODIFICATION TO THE TAX INCREMENT FINANCING PLANS FOR THE
INTERST A TE-L YNDALE-NICOLLET (ILN), RICHFIELD REDISCOVERED A-1,
A-2, A-3, A-4, A-5, 8-1, 8-2, 8-3, 8-4, 8-5 AND INTERCHANGE TAX
INCREMENT FINANCING DISTRICTS.
WHEREAS, it has been proposed by the Board of Commissioners (the "Board") of the
Housing and Redevelopment Authority (the "HRA") in and for the City of Richfield (the "City")
that the HRA approve a Modification to the Redevelopment Plan for the Richfield
Redevelopment Project Area, a Modification to the Tax Increment Financing Plans for the
Interstate-Lyndale-Nicollet (the "ILN"), Richfield Rediscovered A-1, A-2, A-3, A-4, A-5, B-1, B-
2, B-3, B-4, B-5, and Interchange Tax Increment Financing Districts (known collectively herein
as the "Modifications"), all pursuant to and in conformity with existing law, including Minnesota
Statutes, Sections 469.001 to 469.047, and Sections 469.174 to 469.1799, inclusive, as
amended, all as reflected in the Modifications and presented for the HRA's consideration; and
WHEREAS, the HRA has investigated the facts relating to the Modifications and has
caused the Modifications to be prepared; and
WHEREAS, the HRA has performed all actions required by law to be performed prior to
the adoption of the Modifications, including but not limited to, notification of Hennepin County
and Independent School District No. 280 having taxing jurisdiction over the property in the ILN,
Richfield Rediscovered A-1, A-2, A-3, A-4, A-5, B-1, B-2, B-3, B-4, B-5, and Interchange Tax
Increment Financing Districts (the "TIF Districts"), notice of the proposed Modifications to the
local county commissioner, a request for review of and written comment on the Modifications
by the City Planning Commission, and a request that the City Council schedule a public
hearing on the Modifications upon published notice as required by law.
NOW, THEREFORE, 8E IT RESOLVED by the Board as follows:
1. The HRA hereby makes the findings set forth in the Modifications, which are
incorporated herein by reference. '
2. Conditioned upon the approval thereof by the City Council following its public
hearing thereon, the Modifications, as presented to the HRA on this date, are hereby approved
and adopted and shall be placed on file in the office of the Executive Director of the HRA.
3. Upon approval of the Modifications by the City Council, the Executive Director of
the HRA is authorized to forward a copy of the Modifications to the Minnesota Department of
Revenue pursuant to Minnesota Statutes 469.175, Subd. 4a.
Adopted by the Board of commissioner~/6f~ Housing an.. Redevelopment Authority
in and for the City of Richfield, Minnesota this ;~:i~ of N.O~. .~ r 2004.
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Thomas E. Harms, Chair
ATTEST:
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Kristal Sto es, Secretary