03-889r
HRA RESOLUTION NO. 889
RESOLUTION APPROVING THE ELIMINATION OF 6945 CLINTON AVENUE
FROM THE RICHFIELD REDISCOVERED 1999 TAX INCREMENT FINANCING
DISTRICT WITHIN THE RICHFIELD REDEVELOPMENT PROJECT AREA
63
WHEREAS, on October 11, 1999, the City adopted 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, established the Richfield Rediscovered 1999 Tax Increment
Financing District, and adopted 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; and
WHEREAS, on January 22, 2001, the City subsequently adopted the
Modification to the Redevelopment Plan for the Richfield Redevelopment Project Area,
Modification to the Tax Increment Financing Plan for the Gramercy TIF District,
Modification to the TIF Plan for the Urban Village TIF District, Modification of the TIF
Plan for the Richfield Rediscovered 1999 TIF District, Modification of the TIF Plan for
the A-5 TIF District, Modification of the TIF Plan for the 8-5 TIF District (collectively, the
"Modified Pans"), 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; and
WHEREAS, the Plans and Modified Plans included the following parcel, which
was previously certified with the County Auditor in the Richfield Rediscovered 1999 Tax
Increment Financing District (the "RR 1999 TIF District"):
Parcel Numbers Address
27 -028-24-44-0108 6945 Clinton Avenue South
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield desires by this resolution to cause the elimination of the listed parcel within the
RR 1999 TIF District thereby reducing the size of the RR 1999 TIF District; and
WHEREAS, since the current net tax capacity of the parcel to be eliminated from
the RR 1999 TIF District equals or exceeds the net tax capacity of the parcel in the RR
1999 TIF District's original net tax capacity, the holding of a public hearing is not
required pursuant to Minnesota Statutes, Section 469.175, Subd. 4.
NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield that the parcel is hereby eliminated from the RR
1999 TIF District and the staff shall take such action as is necessary to notify the
County Auditor of the reduction in the geographic area of the RR 1999 TIF District
caused by the elimination of such parcel.
Adopted by the Housing arid. R
Richfield, Minnesota this 21st day of