90-7702R63
RESOLUTION NO. 7702
RESOLUTION APPROVING MODIFICATION NO. 6 TO THE
LYNDALE/HUB/NICOLLET COMMERCIAL IMPROVEMENT PROGRAM
AND PLAN RELATING THERETO
BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
Section 1. Recitals
1.01 The Housing and Redevelopment Authority in and for
the City of Richfield, Minnesota (HRA) approved a redevelopment
plan for an urban. renewal project for the "Lyndale/Hub/Nicollet
Commercial"Imprpvement Program" (Plan) on October 15, 1975.
1.02. The))City Council of the City of Richfield, Minnesota
(City) held a public hearing on the Plan and approved the Plan on
November 24, 1975.
1.03. The Plan has been previously modified.
1.04. The need for further redevelopment and property
acquisition has prompted the HRA to prepare a modified Plan.
1.05. It has been determined that the acquisition of the
property described in Attachment A is necessary to implement the
Plan and to carry out the purposes of the Plan.
1.06. The monies for the purchase of this property are
available in the LHN tax increment fund.
1.07. On November 19, 1990, the HRA approved the modified
Plan contingent upon review and a favorable finding by the
Richfield Planning Commission, and referred the Plan to the City
for public hearing and consideration as provided by nn. Stat.,
Sections 469.001 to 469.047 (HRA Act) and Minn. Stat., Sections
469.174 to 469.179 (TIF Act).
1.08. The modified Plan was referred to the Richfield
Planning Commission which on November 27, 1990 found the Plan to
conform and not .be in conflict with. the general plans for the
development or redevelopment of the city as a whole.
1.09. Copies of the modified Plan have been forwarded to
Independent School District No. 280, Intermediate School District
No. 287, and Hennepin County along with a notice of the public
hearing as required by the TIF Act.
1.10. The City Council has fully reviewed the contents of
the modified Plan and has this date conducted a public hearing
thereon at which the views of all interested persons were heard.
• Resolution No. 7702
Page 2
Section 2.
2.01. Except for the odification stated herein, and as
required by Section 469.179 of the TIF Act, the City reaffirms
its findings and conclusions as approved on November 24, 1975 and
in subsequent modifications and reaffirms its intention that the
LHN continue. to be regulates as a~TIF project approved prior to
August 1, 1979.
2.02. Modification No. 6 to the Lyndale/Hub/Nicollet
Commercial Improvement Program and Plan is hereby approved
including the method proposed for financing.
2.03. The HRA is requested to file a copy of the modified
Plan with the Minnesota Com~issioner of Revenue as required by
the TIF Act.
2.04. The City Clerk is authorized and directed to transmit
a certified copy of the Resolution to the HRA.
Passed by the City Council of the City of Richfield,
Minnesota this 17th day of December, 19~-
ATTEST:
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Thomas P. Ferber, City