02-863r
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HRA RESOLUTION NO. 863
RESOLUTION CALLING FOR A PUBLIC HEARING ON THE ELIMINATION OF
PARCELS FROM THE INTERCHANGE WEST AND LYNDALE GATEWAY TAX
INCREMENT FINANCING DISTRICT WITHIN THE RICHFIELD REDEVELOPMENT
PROJECT AREA IN THE CITY OF RICHFIELD
BE IT RESOLVED, by the Board of Commissioners (the "Board") of the Housing
and Redevelopment Authority in and for the City of Richfield, Minnesota (the "HRA") as
follows:
WHEREAS, the City Council (the "Council") of the City of Richfield, Minnesota
(the "City") established the Richfield Redevelopment Project Area pursuant to
Minnesota Statutes, Sections 469.174 to 469.179, inclusive, as amended, in an effort to
encourage the development and redevelopment of certain designated areas within the
City; and
WHEREAS, on June 14, 1999, the City created its Interchange West and
Lyndale Gateway Tax Increment Financing ("Interchange West and Lyndale Gateway
District") within its Richfield Redevelopment Project Area (the "Project"); and
WHEREAS, the Interchange West and Lyndale Gateway District was modified on
January 22, 2001; and
WHEREAS, the HRA desires by this resolution to call for a public hearing on the
elimination of some parcel numbers (the "parcels") within the Interchange West and
Lyndale Gateway District thereby reducing the size of the Interchange West and
Lyndale Gateway District; pursuant to, and in accordance with, Minnesota Statutes,
Sections 469.174 to 469.1799 and Sections 469.001 to 469.047, inclusive, as amended;
and
WHEREAS, since the current net tax capacity of some of the parcels to be.
eliminated from the Interchange West and Lyndale Gateway District equals or is less
than the net tax capacity of the parcels in the Interchange West and Lyndale Gateway
District's original net tax capacity, the holding of a public hearing is required pursuant to
Minnesota Statutes, Section 469.175, Subd. 4.
NOW, THEREFORE BE IT RESOLVED by the Board as follows:
1. The HRA hereby calls for a public hearing on November 18, 2002 to consider
the proposed elimination of parcels from the Interchange West and Lyndale Gateway
District and cause notice of said public hearing to be given as required by law.
2. Staff and consultants are authorized and directed to take all steps necessary
to prepare the related documents and to undertake other actions necessary to bring the
elimination of the parcels from the Interchange West and Lyndale Gateway District and
notify the County Auditor of the reduction in the geographic area of the Interchange
West and Lyndale Gateway District caused by the elimination of the parcels.
Adopted by the Housing and Redevelop ent Authority in and for the City of
Richfield, Minnesota this 21st day of Octobe ,
Thomas E. Harms, Chair
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