14-10901r RESOLUTION NO. 10901
RESOLUTION DESIGNATING BUILDINGS AS STRUCTURALLY
SUBSTANDARD WITHIN RICHFIELD REDEVELOPMENT PROJECT
BE IT RESOLVED by the City Council of the City of Richfield ("City")as follows:
Section 1. Recitals.
1.01. Under Minnesota Statutes, Section 469.174, subd. 10(d), the City or Authority is authorized to
deem parcels as occupied by structurally substandard buildings despite prior demolition or removal of the
buildings, subject to certain terms and conditions as described in this resolution.
1.02. The City or Authority intends to cause demolition of the buildings located on the property
described in Exhibit A hereto(the"Designated Property"), and may in the future include the Designated
Property in a redevelopment or renewal and renovation tax increment financing district as defined in
Minnesota Statutes, Sections 469.174, Subd. 10 or Subd. 10a.
Section 2. Buildings Designated Substandard; Other Proceedings.
2.01. The City finds that the buildings on the Designated Property as described in Exhibit A are
structurally substandard to a degree requiring substantial renovation or clearance, based upon the analysis of
such buildings by LHB Architects dated
January 9, 2014 and on file in City Hall.
2.02. After the date of approval of this resolution, the buildings on the Designated Property may be
demolished or removed by the City or Authority, or such demolition or removal may be financed by the City or
Authority, or may be undertaken by a developer under a development agreement with the City or Authority.
2.03. The City and Authority intend to include the Designated Property in a redevelopment or
renewal and renovation tax increment financing district, and to file the request for certification of such district
with the Hennepin County auditor within three years after the date of demolition of the buildings on the
Designated Property.
2.04. Upon filing the request for certification of the new tax increment financing district, the City will
notify the Hennepin County auditor that the original tax capacity of the Designated Property must be adjusted
to reflect the greater of(a)the current net tax capacity of the parcel, or(b)the estimated market value of the
parcel for the year in which the buildings were demolished or removed, but applying class rates for the
current year, all in accordance with Minnesota Statutes, Section 469.174, subd. 10(d).
2.05. City staff and consultants are authorized to take any actions necessary to carry out the intent
of this resolution.
Approved by the City Council of the City of Richfield this 14th day of January, 2014.
•
Debbie Goettel, Mayor
ATTEST:
Nancy Gibbs, 4 Clerk