10-1070rHRA RESOLUTION NO. 1070
RESOLUTION AFFIRMING SUPPORT FOR THE 90-UNIT HOUSING DEVELOPMENT
CONCEPT FOR THE PROPERTY LOCATED AT 6401 LYNDALE AVENUE AND
EXPRESSING A WILLINGNESS TO CONTINUE TO EXAMINE PUBLIC FINANCING
FOR THAT PROJECT AND RECOMMENDING THE CITY COUNCIL CALL FOR A
PUBLIC HEARING ON THE ESTABLISHMENT OF THE WOODLAKE PLAZA HOUSING
TAX INCREMENT FINANCE DISTRICT
WHEREAS, the Richfield Housing and Redevelopment Authority (the "HRA") has as
one of its objectives providing decent, safe and sanitary housing affordable to persons of
low and moderate income; and
WHEREAS, the HRA is charged with considering, implementing and/or assisting
housing and redevelopment projects that further the Comprehensive Plan for the City of
Richfield; and
WHEREAS, the City of Richfield's Comprehensive Plan (the Comprehensive Plan)
provides goals, objectives, policies and implementation strategies to achieve the desired
future growth~of the community;
WHEREAS, the Comprehensive Plan contains the following policy statements:
^ Promote the development of a balanced housing stock that is available to a
range of income levels;
^ Promote additional housing diversity to serve families at all stages of their
life-cycle through assistance, incentive programs, and the exploration of
possible partnerships;
^ Promote the development, management, and maintenance of affordable
housing in the City through assistance programs; alternative funding sources;
Promote the development, management, and maintenance of affordable
housing in the City through assistance programs; alternative funding sources;
^ Maintain an appropriate mix of housing types in each neighborhood based on
available amenities, transportation resources and adjacent land uses.
WHEREAS, the HRA has concluded that the proposed housing project achieves
those policy statements as set forth in the Comprehensive Plan, and is in furtherance of
the affordable housing objectives for which the HRA was established; and
WHEREAS, the HRA regards the use of public financing tools (such as tax
increment financing) to be generally appropriate when those tools are required to assist.
development projects in achieving the community's established policies in such a way that
would not be possible but-for such assistance.
NOW, THEREFORE, BE IT RESOLVED, that the HRA supports the 90-unit
housing redevelopment concept for the property located at 6401 Lyndale Avenue and is
prepared to continue to examine public financing for that project; and
BE IT FURTHER RESOLVED, that the HRA recommends that the City Council take
the necessary first step of calling for the public hearing on the proposed establishment of
the Woodlake Plaza Housing Tax Increment District.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 8th day of March, 2010.
ATTEST:
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Su ne M. Sandahl, Chair
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J n Helmberger, Secretary