05-955r
HRA RESOLUTION NO. 955
RESOLUTION ADOPTING A MODIFICATION TO THE REDEVELOPMENT PLAN
FOR THE RICHFIELD REDEVELOPMENT PROJECT AREA AND
MODIFICATIONS TO THE TAX INCREMENT FINANCING PLANS
FOR THE GRAMERY, URBAN VILLAGE, CITY BELLA,
INTERCHANGE WEST/LYNDALE GATEWAY AND
RICHFIELD REDISCOVERED A-1, A-2, A-3, A-4, A-5, B-1, B-2, B-3, B-4, AND B-5
TAX INCREMENT FINANCING DISTRICTS
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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 adopt a Modification to the Redevelopment Plan for the
Richfield Redevelopment Project Area and Modifications to the Tax Increment
Financing Plans for the Gramercy, Urban Village, City Bella, Interchange WestlLyndale
Gateway and Richfield Rediscovered A-1 , A-2, A-3, A-4, A-5, B-1, B-2, B-3, B-4, B-5
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 the preparation of a
Blight Assessment Report, notification of Hennepin County and Independent School
District No. 280 having taxing jurisdiction over the property in the Gramercy, Urban
Village, City Bella, Interchange WestlLyndale Gateway and Richfield Rediscovered A-1,
A-2, A-3, A-4, A-5, B-1, B-2, B-3, B-4, B-5 Tax Increment Financing 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 Council schedule a public hearing on the Modifications upon published
notice as required by law.
NOW, THEREFORE, BE 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. The Blight Assessment Report is received and accepted and is to be on
file and of record in the City of Richfield Community Development Department.
3. 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.
4. 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 Commissioners of ~I ousing and ~edevelopment
Authority in and for the City of Richfield, Minnes t~~ 21st day, of November 2005.