01-19 HRA Resolution No. 1388
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTIONNO.1388
RESOLUTION APPROVING A MODIFICATION TOTHE REDEVELOPMENT PLAN FOR
THE RICHFIELD REDEVELOPMENT PROJECT; AND APPROVING ATAX INCREMENT
FINANCINGPLANFORTHE 2020-2 TAX INCREMENTFINANCE DISTRICT: EMI
WHEREAS, the City of RichfieldHousing and
Redevelopment Authority in and for the City of Richfield, Minnesota
Authority administers, the Richfield Redevelopment Project
Redevelopment Projectwithin the City and have created aRedevelopment Plan
Redevelopment PlanMinnesota Statutes, Sections 469.001 through 469.047, as
amended; and
WHEREAS, within the Redevelopment Project the City and the Authority have created certain
tax increment financing districts pursuant to the HRA Act and Minnesota Statutes, Sections 469.174
through 469.1794, as amended (the TIF Act); and
WHEREAS, the City and the Authority have determined to modify the Redevelopment Plan
and
financing district within the Redevelopment Project designated as the 2020-2 Tax
Increment Financing District:Emi, a redevelopment district, all as described in a
plan document presented to the on the date
hereof; and
WHEREAS, pursuant to Section 469.175, subdivision 2a of the TIF Act, notice of the proposed
TIF District was provided to the county commissioner who represents the area included in the TIF
District on or about October 9, 2020; and
WHEREAS, pursuant to Section 469.175, subdivision 2 of the TIF Act, the proposed TIF Plan
and the estimates of the fiscal and economic implications of the TIF Plan were presented to the Clerk of
the Board of Education of Richfield Public Schools and to the Taxpayer Services Division Manager, as
the County Auditor; and
will conduct a public hearing
onJanuary 26, 2021,relating to the approval of the modified Redevelopment Plan and the TIF Plan for
the TIF District,and all interested parties will have the opportunity to have their views heard at the public
hearing; and
WHEREAS, following thepublic hearing, theCityCouncilwillconsideraresolutionapproving
themodified Redevelopment Plan and the TIF Plan for the TIF District; and
WHEREAS, the Board has reviewed the contents of the modified Redevelopment Plan and the
TIF Plan; and
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Housing
and Redevelopment Authorityin and for the City ofRichfield, Minnesota that:
1.The modified Redevelopment Plan is hereby approved.
2.The TIF Plan for the TIF District is hereby approved.
3.The Board hereby makes all the findings set forth in the TIF Plan, which document is
incorporated herein by reference.
4.The Board hereby transmits the modified Redevelopment Plan and the TIF Plan to the City
Council and recommends that the City Council approve the modified Redevelopment Plan and the TIF Plan
for the TIF District.
5.Upon approval of the modified Redevelopment Plan and the TIF Plan for the TIF District
by the City Council, Authority staff and consultants are authorized and directed to file a request for
certification of the TIF District with the Taxpayer Services Division Manager, as the County Auditor, of the
County and to file a copy of the modified Redevelopment Plan and the TIF Plan with the Minnesota
Commissioner of Revenue and the State Auditor as required by the TIF Act.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
th
Minnesota this 19day of January, 2021.
Mary B. Supple, Chair
ATTEST:
Maria Regan Gonzalez, Secretary
HRA Resolution No. 1388 2