10-14-75 ageanda
CITY OF RICHFIELD, MINNESOTA
Office of Executive Director
II RA Letter No. 26
Agenda October 14 , 19 75
Housing and Redevelopment
Authority Commissioners
City of Richfield
Centlemetti:
Subject: Information on Tax Increme::t Financing
Tax increment financing has been discussed in some detail with the
FiFZA on previous dates. However, inasmuch as ii will be necessary for
the HRA and the city council to consider adoption of a redevelopment plan
for the Lyndal.e/Hub/i~?icollet project area in the rear future, it would be
advantageous to reviev~ the tax increment financing concept.
Therefore, the purpose of this letter is to advise members of the
• commission that ar. audio visual siid.e presentation on the subject of tax
increment financing vaill be presented at the October 14 HRA meeting. This
presentation has been. prepared b~~ *_he State Planning Agency and should be
helpful in reviewing this financing concept which will play a major role
in the Lynda le/Hub/Nicollet project.
Respectfully submitted,
Wa ne S . Bur raaff I /~
Y gg
Executive Director
WSB/eja
cc: Planning Director
• CITY OF RICHFIELD, MINP3ESUTA
Office of Exec alive Director
HRA Letter No . 2 5
Agenda October 14, 1975
Mousing and Redevelopment
Autl~orii:y Commissioners
Ci%y of Richfield
Gentlemen:
Subject: Submission of Environmental .Assessment for
Lyndale/Hub/Nicollet Commercial Improv~m~r~t
Project
The purpose of this letter is to submit to members of the HRA the
environmental. assessment which has been prepared for the Lyndale/Hub/
Nicollet commercial improvement area. This assessment is one of the
elen-~ents required by Phase III of our consulting ag~~~~ement for the L/HiiV
• project. It is being presented to the IiRA at this time so that commissioners
will have an opportunity to review it prior to the special HRA/planning
commission meeting on the redevelopment plan scheduled far October i5.
~Che assessment contains the following information:
1. Identification of the action
2. Existing environment
3. Description of the action
4. Alternatives considered
5, Probable effects of the action on the environment
6. Mitigation of adverse impacts
Respectfully submitted,
~ ~ ~~~'~'
~~~ `~
~ o~ ~
Wayne S . Burggraaff
Executive Director
V~TSB,/e j a
. co: Ylar~-:zing Director