1995-548118
HRA RESOLUTION N0.548
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF RICHFIELD, NIINNESOTA
RESOLUTION APPROVING MODIFICATION TO RICHFIELD REDEVELOPMENT
PROJECT PLAN, CONSISTING OF MODIFICATION N0.4 TO THE REDEVELOPMENT
PLAN FOR REDEVELOPMENT PROJECT AREAS A AND B, MODIFICATION NO.1 TO
THE TAX INCREMENT FINANCING PLANS FOR TAX INCREMENT REDEVELOPMENT
DISTRICTS "A-3" AND "B-3", AND TAX INCREMENT FINANCING PLANS FOR TAX
INCREMENT REDEVELOPMENT DISTRICTS "A-4" AND "B-4", ALL RELATED TO THE
RICHFIELD REDISCOVERED HOUSING PROGRAM; 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") adopted redevelopment plans for Redevelopment Project A and
Redevelopment Project B (the "Redevelopment Plans") and tax increment financing
plans for Tax Increment Financing District "A-1" and Tax Increment Financing District
"B-1" (the ""TIF Plans") for the Richfield Rediscovered Housing Program (the
"Project") on July 16, 1990. The Redevelopment Plans and TIF Plans are known
collectively as the "Plans".
1.02 The HRA adopted Modification No. 1 to the Redevelopment Plan for Redevelopment
Project Area "A" and Modification No. 1 to the Tax Increment Financing Plan for Tax
Increment Financing District No. "A-1" and a new tax increment financing plan for Tax
Increment Redevelopment District No. "A-2" on July 20, 1992.
1.03 The HRA adopted Modification No. 1 to the Redevelopment Plan for Redevelopment
Project Area "B" and Modification No. 1 to the tax increment financing plan for Tax
Increment Redevelopment District "B-1" and a new tax increment financing plan for Tax
Increment Redevelopment District No. "B-2" on July 20, 1992.
1.04 On May 17, 1993 the HRA adopted a Redevelopment Plan for the Richfield
Redevelopment Project Area, which consisted, in part, of the Project and which
Redevelopment Plan contained Modification No. 2 to the Plans.
1.05 The HRA adopted Modification No. 3 to the Redevelopment Plan for Redevelopment
Project Area "A" and Modification No. 1 to the Tax Increment Financing Plan for Tax
Increment Financing District No. "A-2" and a new increment financing plan for Tax
Increment Redevelopment District No. "A-3" on June 20, 1994.
1.06 The HRA adopted Modification No. 3 to the Redevelopment Plan for Redevelopment
Project Area "B" and Modification No. 1 to the tax increment financing plan for Tax
Increment Redevelopment District "B-2" and a new tax increment financing plan for Tax
Increment Redevelopment District No. "B-3" on June 20, 1994.
HRA Resolution No. 548
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1.07 Additional property acquisitions have occurred and will continue to occur thereafter
and have necessitated the consideration of this Modification No. 4 to the Plans,
consistent with the plan to modify the Plans annually with the addition of new
properties.
1.08 -The HRA has caused to be prepazed modified Plans which aze contained in a
document entitled "The Richfield Rediscovered Housing Program, Redevelopment
Plans and Tax Increment Financing Plans" dated May 15, 1995, and on file with the
HRA.
Section 2. HRA ~.nnroval.
2.01 The HRA finds that the objectives of the HRA in encouraging development and
redevelopment within the Project will be advanced by adoption of Modification No. 4 to
the Plans. -
2.02 The Modification No. 4 to the Plans is hereby approved and adopted by the HRA, subject
to review and approval by the Richfield Planning Commission.
Section 3. Further Proceeding.
3.01 The Executive Director of the HRA is hereby authorized and directed to transmit copies
of the Modification No. 4 of the Plans to the school boazd of Independent School District
No. 280 and the Board of Commissioners of Hennepin County for review and comment
and to notify said public bodies of the public hearing to be held on Modification No. 4 to
the Plans by the City.
3.02 The HRA requests that the Richfield Planning Commission review Modification No. 4
and comment regazding the consistency of the modified Plans with the City's
comprehensive plan.
3.03 The HRA requests the City to hold the public hearing on Modification No. 4 to the Plans
required by Minnesota Statutes, section 469.028 and Minnesota Statutes, section
469.175, subd. 3 as soon hereafter as is practicable and recommends that the modified
Plans be approved by the City.
3.04 The HRA intends to request that the City from time to time consider various other
actions necessary to the implementation of the Modified Plans and pledges its
cooperation with the City in achieving the objectives of the Modified Plans.
Adopted by the Housing and Redevelopment Autho ' m and for the City of Richfield,
Minnesota this 22nd day of May, 1995.
Thomas E. Harms, Chairperson
ATTE~T:
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Vern Luettin r, Secretary
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