11-28 Resolution No. 12147CITY OF RICHFIELD, MINNESOTA
RESOLUTION NO. 12147
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 10, 2023 and on file in City Hall.
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).
Error! Unknown document property name. 2
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 28th day of
November, 2023.
Mary B. Supple, Mayor
ATTEST:
Dustin Leslie, City Clerk
Error! Unknown document property name. A-1
EXHIBIT A
POTENTIAL PROPERTY TO BE INCLUDED IN REDEVELOPMENT TIF DISTRICT
34-028-24-44-0027
34-028-24-44-0023