02-854r
I
I
I
HRA RESOLUTION NO. 854
RESOLUTION APPROVING THE ELIMINATION OF PARCELS FROM
THE GRAMERCY TAX INCREMENT FINANCING DISTRICT WITHIN
THE RICHFIELD REDEVELOPMENT PROJECT AREA.
28
WHEREAS, on June 22, 1998, the City of Richfield (the "City") created the Gramercy
Tax Increment Financing (the "Gramercy TIF District") within its Richfield Redevelopment
Project Area (the "Project"); and
WHEREAS, the Gramercy TIF District included the following parcels, which were
previously certified in the District:
Parcel Numbers
Address
6617 Lake Shore Drive
6633 Lake Shore Drive
6639 Lake Shore Drive
6700 Lyndale Avenue South
709 Graham Avenue
6630 Lyndale Avenue South
6620 Lyndale Avenue South; and
28-028-24-41-0015
28-028-24-41-0016
28-028-24-41-0017
27 -028-24-32-0006
27-028-24-32-0117
27 -028-24-32-0005
27 -028-24-32-0115
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield
desires by this resolution to cause the elimination of the listed parcels within the Gramercy TIF
District thereby reducing the size of the Gramercy TIF District; and
WHEREAS, since the current net tax capacity of the parcels to be eliminated from the
Gramercy TIF District equals or exceeds the net tax capacity of the parcels in the Gramercy 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 parcels are hereby eliminated from the Gramercy 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 Gramercy TIF District caused by the elimination of such
parcel.
Adopted by the Housing and Redevelopmen..rtA. r.ity in and:4;:or the City of Richfield,
Minnesota this 17th day of June, 2002./
'/
I'~~
~~E. Harms, Chair -------