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1994-531101 HRA RESOLUTION N0. 531 THE HOUSING AND REDEVELOPMENT IN AND FOR THE CITY OF RICHFIELD, MINNESOTA RESOLUTION APPROVING MODIFICATION TO RICHFIELD REDEVELOPMENT PROJECT PLAN, CONSISTING OF ADOPTION~OF REDEVELOPMENT PLAN FOR THE EAST 66TH STREET ~tEDEVELOPMENT PROJECT AREA; REQUESTING THE RICHFIELD CITY COUNCIL TO .~ CONDUCT A PUBLIC HEARING THEREON; .~ RECOMMENDING APPROVAL OF THE PLANS BE iT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota as follows: Section 1. Recitals. 1.01. The Housing and Redevelopment Authority in and for the City Of Richfield, Minnesota (the "HRA") 3s a public body corporate and politic under the laws of the state of Minnesota and authorized by Minnesota Statutes, sections 469.001 through 469.047 (the "HRA~Act") to establish projects within the City of Richfield. 1.02. The HRA has identified an area of the city as being in need of development and redevelopment because of the existence of substandard buildings and under utilized property located within such area. 1.03. The HRA has conducted a study of the physical conditions within the East 66th Street Redevelopment Project Area (the "Project") and has considered the need for public assistance to encourage development and redevelopment within the area. 1.04. The HRA has caused to be prepared a redevelopment plan for the Project which is contained. in a document entitled "Redevelopment Plan for the East 66th Street Redevelopment Project Area" dated October 17, 1994 and on file in the office of the executive director of the HRA. The Redevelopment Plan for the East 66th Street Redevelopment Project Area constitutes a modification to the Richfield Redevelopment Project Plan. Collectively, the documents shall be known hereinafter as the "Plans". 1.05. Notice of the public hearing on the establishment of the Project and will be published as required by law an will be held by the City Council of the "City") on November 14, 1994. Section 2. Findings. required by the HRA Act the adoption of the Plans d a public hearing thereon City of Richfield (the HRA Resolution No. 531 Page 2 2.01. The HRA finds that the land in the Project would not be made available for development or redevelopment without the financial assistance authorized by the Plans. 2.02. The HRA finds that the Plans will afford maximum opportunity, consistent with the needs of the city as a whole, for the redevelopment of property within the Project by private enterprise. 2.03. Subject to approval by the planning commission, the HRA finds the Plans conform to the general plan for development of the city as a whole. 2.04. The HRA finds that the Project is a redevelopment project within the meaning of section 469.002, subd. 12 of the HRA ACt. Section 3. HRA Approval. 3.03. The HRA approves and hereby adopts the Plans. Section 4. Further Proceedinvs. 4.01. The HRA requests that the Richfield Planning Commission review the Plans and comment thereon regarding their consistency with the City's comprehensive plan. 4.02. The HRA requires that the City hold the public hearing on the Plans as required by section 469.028 of the HRA Act and recommends that the Plans be approved. by the city. Adopted by the Housing and elopment Authority in and for the City of Richfield this st day of November/, 1994. E. Harms, Chairperson 1