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11-14 Resolution No. 12140CITY OF RICHFIELD, MINNESOTA RESOLUTION NO. 12140 RESOLUTION DESIGNATING BUILDINGS AS STRUCTURALLY SUBSTANDARD WITHIN THE RICHFIELD REDEVELOPMENT PROJECT WHEREAS, 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; and WHEREAS, the Authority obtained blight studies for two parcels and may in the future include one or more of the properties described in EXHIBIT A attached hereto (the “Property”), in a redevelopment tax increment financing district as defined in Minnesota Statutes, Sections 469.174, subdivision 10, within the Richfield Redevelopment Project; and WHEREAS, the Authority plans to purchase two parcels from the Department of Transportation after the Department of Transportation no longer needs the two parcels; and WHEREAS, the Authority has determined that the parcels currently owned by the Department of Transportation are blighted based on the long-term use of those parcels as a mechanics garage; and WHEREAS, the Department of Transportation demolished the buildings on the Department of Transportation parcels on or about October 27, 2023; and WHEREAS, if the Authority cannot purchase the Department of Transportation parcels within three years of the date the Department of Transportation demolished the buildings on its parcels, the Authority will seek special legislation in order to preserve the ability to create a redevelopment tax increment district in the future; and NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Richfield, Minnesota as follows: 1. Based on the report described below, the City finds that the buildings on the Property were structurally substandard to a degree requiring substantial renovation or clearance, based upon the analysis of such buildings by LHB, Inc. in a report dated October 26, 2023, and on file in City Hall. 2. The buildings on the Property were demolished or removed on or about October 27, 2023; following preparation of the report by LHB, Inc. dated October 26, 2023. 3.The Authority intends to include the Property in a redevelopment tax increment financing district, and to file the request for certification of such district with the Auditor/Treasurer of Hennepin County, Minnesota, as the county auditor (the “County 2 Auditor/Treasurer”), within three (3) years after the date of demolition of the buildings on the Property. 4.Upon filing the request for certification of the new tax increment financing district, the Authority will notify the County Auditor/Treasurer that the original tax capacity of the 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). 5.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 November, 2023. Mary B. Supple, Mayor ATTEST: Dustin Leslie, City Clerk