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12-14 Resolution No. 11922RESOLUTION NO. 11922 RESOLUTION DESIGNATING BUILDINGS AS STRUCTURALLY SUBSTANDARD WITHIN THE RICHFIELD REDEVELOPMENT PROJECT BE IT RESOLVED by the City Council (the "City Council") of the City of Richfield, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01. Under Minnesota Statutes, Section 469.174, subdivision 10(d), the City or the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (the "Authority") is authorized to deem parcels as occupied by structurally substandard buildings before the demolition or removal of the buildings, subject to certain terms and conditions as described in this resolution. 1.02. The City or the Authority intends to cause demolition of the buildings located on the property described in EXHIBIT A attached hereto (the "Designated Property"), and may in the future include the Designated Property in a redevelopment tax increment financing district as defined in Minnesota Statutes, Sections 469.174, subdivision 10, within the Richfield Redevelopment Project. Section 2. Approvals. 2.01. The City finds that the buildings on the Designated Property are structurally substandard to a degree requiring substantial renovation or clearance, based upon the analysis of such buildings by LHB, Inc., dated November 30, 2018 and on file in City Hall. In addition, the buildings located at 6501 and 6513 Penn Avenue South have been declared unsafe buildings by the City's Chief Building Official pursuant to Minn. Stat. Rule 1300-0180 for unsafe electrical wiring and unsafe fence/guardrail at the upper parking lot. 6513 Penn Avenue is also structurally unsafe because of deteriorated concrete masonry bearing walls and water damage to the precast concrete ceiling.. 2.02. After the date of approval of this resolution, the buildings on the Designated Property may be demolished or removed by the Authority, or such demolition or removal may be financed by the Authority, or may be undertaken by a developer under a development agreement with the Authority. 2.03. The Authority intends to include the Designated Property in a redevelopment tax increment financing district, and to file the request for certification of such district with the Taxpayer Services Division Manager of Hennepin County, Minnesota, as the county auditor (the "County Auditor'), within three (3) years after the date of demolition of the buildings on the Designated Property. 2.04. Upon filing the request for certification of the new tax increment financing district, the Authority will notify the County Auditor that the original tax capacity of the Designated Property must be adjusted to reflect the greater of (a) the current net tax capacity of the parcel, or (b) the estimated market value of the parcel for the year in which the buildings were demolished or removed, but applying class rates for the current year, all in accordance with Minnesota Statutes, Section 469.174, subdivision 10(d). 2.05. City staff and consultants are authorized to take any actions necessary to carry out the intent of this resolution. Adopted by the City Council of the City of Richfield, Minnesota this 14th day of December, 2021. *AA& r k~ 464� Maa Regan Gonzalez, Mayor ATTEST: 11--�- - - Kari Sinning, City Clerk Error! Unknown document property name. 2 EXHIBIT A LEGAL DESCRIPTION OF DESIGNATED PROPERTY Par. 1: The West Y2 of the South 109.6 feet of the North 767.2 feet of the North % of the West '/4 of the Southwest Quarter of the Northwest Quarter except the North 30 feet thereof; Par. 2: The West Y2 of the South 109.6 feet of the North 876.8 feet of the North % of the West '/4 of the Southwest Quarter of the Northwest Quarter; All in Section 28, Township 28, Range 24, in the Village of Richfield, Hennepin County, Minnesota. Error! Unknown document property name. A_ 1