1993-47343
HRA RESOLUTION N0. 473
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION REO.UESTINO THE CITY COUNCIL OF THE CITY
OF RICHFIELD TO CALL FOR A PUBLIC HEARINC3 ON THE
ESTABLISHMENT OF RICHFIELD REDEVELOPMENT PROJECT
AREA, MODIFICATIONS FOR CERTAIN REDEVELOPMENT
PROJECT AREAS AND FOR MODIFICATIONS FOR CERTAIN
TAX INCREMENT FINANCING DISTRICTS
1
BE IT RESOLVED, by the Housing and Redevelopment Authority in and for the City of
Richfield as follows:
Section 1. Recitals..
1.01 The City Council (the "Council") of the City of Richfield, Minnesota (the
"City") together with the Housing and Redevelopment Authority (the
"HRA") in and for the City of Richfield, Minnesota, have established the
Lyndale-Hub-Nicollet Redevelopment Project Area ("LHN Project Area"),
the Interstate-Lyndale-Nicollet Redevelopment Project Area ("ILN Project
Area") and the Interstate-Lyndale-Nicollet Tax Increment Financing
District ("ILN District"),the Cedar Avenue Business Area Redevelopment
Project Area ("CABA Project Area") and the Cedar Avenue Business
Area Tax Increment Financing District ("CABA District"), the Penn
Avenue and Sixty Sixth Street Redevelopment Project Area ("PASSS
Project Area") and Penn Avenue and Sixty Sixth Street Tax Increment
Financing District ("PASSS District"),Redevelopment Project Area A and
Tax Increment Financing District A-1 ("District A-1 ") and Tax Increment
Financing District A-2 ("District A-2"), and Redevelopment Project Area
B and Tax Increment Financing District B-1 ("District B-1 ") and Tax
Increment Financing District 6-2 ("District B-2").
1.02 The Council and HRA have adopted and modified from time to time the
Redevelopment Program and Plans and Tax Increment Financing Plans
relating to each of the respective Project Areas and Districts.
1.03 Tax increments from each District and Project Area have historically
been expended on eligible costs within the boundaries of each
respective Project Area.
1.04 The HRA desires to expend tax increments among the Project Areas for
eligible costs to achieve goals and objectives stated in each of the
Redevelopment Plans and Program and Tax Increment Financing Plans.
HRA Resolution No. 473
Page 2
1.05 The HRA has determined that the most efficient means possible to
accomplish the goals and objectives would be to establish the Richfield
Project Area encompassing areas of the City located within the existing
Project Areas and including additional portions of the City not previously
located in an existing Project Area.
1.06 The HRA has determined that the establishment of the Richfield Project
Area would not extend the termination dates of the Project Areas or
Districts nor would result in the establishment of a new tax increment
financing district.
Section 2. HRA Aooroval.
2.01 The HRA requests that the Council call for a public hearing to be held on
June 14, 1993, to consider the establishment of Richfield
Redevelopment Project Area and the adoption of the Project Plan relating
thereto; the modification to the Redevelopment Program and Plans and
Tax Increment Financing Plans relating to:
(a) ~ the LHN Project Area
(b) the ILN Project Area and ILN District
(c) the CABA Project Area and CABA District
(d) the PASSS Project Area and PASSS District
(e) the Redevelopment Project Area A and District A-1 and District
A-2
(f) the Redevelopment Project Area 6 and District B-1 and District
B-2.
2.02 The HRA requests that the Council direct the Executive Director and
staff to transmit the i ch f ' 1 Redevelopment Project Plan and modified
Redevelopment Program and Plans and Tax Increment Financing Plans
to School Board of School District No. 280, School Board of School
District 287, the County Board of Hennepin County and the Planning
Commission of the City of Richfield according to Minnesota Statutes,
Sections 469.174 through 469.179, inclusive, as amended.
Passed by the Housing and Redevelopment Authority of the City of Richfield, Minnesota this
19th day of Apri 1 , 1993.
AD ED:
omas E. Harms, Chairperson
ATTEST:
Larry Wozni a, S etary