09-14 Resolution No. 11875RESOLUTION NO. 11875
RESOLUTION APPROVING LAWS OF MINNESOTA 2021, FIRST SPECIAL
SESSION, CHAPTER 14, ARTICLE 9, SECTION 5, RELATING TO TEMPORARY
TRANSFER OF TAX INCREMENT FOR HOUSING DEVELOPMENT PURPOSES
WHEREAS, the Legislature of the State of Minnesota passed a special law
authorizing the City of Richfield, Minnesota (the "City") or the Housing and
Redevelopment Authority in and for the City of Richfield, Minnesota to transfer tax
increment accumulated for housing and development purposes under Minnesota
Statutes, Section 469.1763, subdivision 2(b) or (d) to the housing trust fund established
by the City, all as provided in Laws of Minnesota 2021, First Special Session,
Chapter 14, Article 9, Section 5 (the "Special Law"), in particular subdivision 1(b)
thereof; and
WHEREAS, pursuant to the Special Law, the authority to make such transfers
shall expire on December 31, 2026; and
WHEREAS, pursuant to Minnesota Statutes, Section 645.021, subdivisions 2
and 3, the Special Law is effective upon approval by a majority vote of the governing
body of the City and the filing of a certificate, including a copy of this resolution, in the
form prescribed by the Minnesota Attorney General with the Minnesota Secretary of
State; and
WHEREAS, the City Council of the City has determined that it is in the best
interest of the City and its residents to approve the Special Law.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota as follows:
1. The Special Law is approved.
2. The City Clerk, as the chief clerical officer of the City, is hereby authorized
and directed to file the certificate and a copy of this resolution, as approved,
with the Minnesota Secretary of State as required by Minnesota Statutes,
Section 645.021, subdivision 3.
3. City staff are authorized and directed to take any additional action necessary
to implement the Special Law.
Adopted by the City Council of the City of Richfield, Minnesota, this 14t" day of
September, 2021.
ATTEST:
Kari Sinning, City Clerk
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Maria Regan Gonzalez, Mayor
Resolution No. 11875