1988-31677
RESOLUTION N0. 316
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
Resolution approving the Undertaking of the Cedar Avenue Business
Area Redevelopment Pro3ect; and Establishment of a Tax Increment
Economic Development District Located Mithin the Redevelopment
Project; Approving the respective Redevelopment Plan and Tax
Increment Financing Plan; Requesting the Richfield City Council
to call for public hearing thereon; and Recommending approval of
the Plans to the City Council
WHEREAS, the Housing and Redevelopment Authority in and for
the City of Richfield, Minnesota (the"HRA") proposes to undertake
the Cedar Avenue Business Area Redevelopment Project (the
"Redevelopment Project") and establish a Tax Increment Economic
Development District (the "Tax Increment District") to be located
within the Redevelopment Project, pursuant to and in accordance
with Minnesota Statutes, Sections 469.001 to 469.047, inclusive,
(the "Housing and Redevelopment Authority section"), and
Minnesota Statutes, Sections 469.174 to 469.179, inclusive (the
"Tax Increment Financing Section"of the Economic Development
Act); and
WHEREAS, the HRA on its own initiative has prepared a
Redevelopment Plan ("the Redevelopment Plan") for the
Redevelopment Project in accordance with the Housing and
Redevelopment Authority section and a Tax Increment Financing
Plan ("the Tax Increment Financing Plan") for the Tax Increment
District in accordance with the Tax Increment Financing Section.;
and
WHEREAS, prior to the HRA's determination to undertake a
Redevelopment Project, the HRA is required to apply to the
governing body of the city in which the project is located for
approval of which application shall be accompanied by a
Redevelopment Plan, statement of method proposed for financing
the project, and written opinion of the planning agency, pursuant
to Minnesota Statutes, Section 469.028, subd. 1; and
WHEREAS, the Redevelopment Plan and Tax Increment Plan have
been referred to the Richfield Planning Commission which by
action taken on January 19, 1988, Resolution Number , has
commented on the Redevelopment Plan and Tax increment Plan and
found them to conform to and not be in conflict with the general
plan for the development of the City as a whole; and
WHEREAS, City Council of the City of Richfield, (the "City")
is required to hold a public hearing thereon after published
notice in a newspaper of general circulation in the municipality
at least once not less than ten days nor more than 30 days prior
to the date of the hearing, pursuant to Minnesota Statutes,
Section 469.028, subd. 1; and
MHEREAS, the HRA is required to transmit a copy of the
Redevelopment Plan and Tax Increment Plan to the County Board of
Commissioners and school board of any school district which any
portion of the proposed tax increment district is to be located
and to advise the Commissioners of the County Board and the
members of such school boards of the HRA's intention to approve
the Redevelopment Plan and Tax Increment Plan and notice of
public hearing to be held by the City, pursuant to Minnesota
Statutes, Section 469.175, subd. 2.
NOM, THEREFORE, BE IT RESOLVED by the Board of Commissioners
of the HRA~as follows:
1. The HRA finds and determines that the objectives of the
Housing and Redevelopment Section and Tax Increment Section and
the City's and HRA's objectives for the redevelopment of the
Redevelopment Pro3ect area will be accomplished by the adoption
and implementation of the Redevelopment Plan and Tax Increment
Plan.
2. The Redevelopment Plan and Tax Increment Plan are hereby
approved and adopted.
3. The HRA requests the City to call for a public hearing to
consider the approval of the Redevelopment Plan for the
Redevelopment Pro3ect and Tax Increment Plan for the Tax
Increment District and to cause notice of-said public hearing to
be given as required by law.
4. The HRA hereby authorizes and directs its Executive Director
to transmit a copy of the Redevelopment Plan and Tax Increment
Plan to the Hennepin County eoard of Commissioners and the school
board of Independent School District No. 280 and the governing
body of the Vocational Technical School, and to advise all board
members of the HRA's approval of the Redevelopment Plan and Tax
Increment Plan on the date hereof and the City's intention to
consider approval of the Redevelopment Plan and Tax Increment
Plan at its public hearing.
5. The Executive Director is authorized and directed to submit a
certified copy of this resolution and the Redevelopment Plan and
Tax Increment Plan to the City for consideration and to inform
the City that the HRA recommends adoption thereof.
6. The HRA also intends to request the City from time to time to
consider various other land use approvals necessary to the
implementation of the Redevelopment Plan and Tax Increment Plan,
and the exercise of other powers which the City is authorized to
exercise on behalf of and in conjunction with the HRA.
7. The HRA pledges its cooperation to the City in carrying out
the Redevelopment Plan and Tax Increment Financing Plan.
Adopted by the Housing and
for the City of Richfield this
ATTEST:
Redevelopment Authority in and
19th c of January, 1988.
..
Thomas E. Harms, Chairman
Jo n Helmberger, Se etary