HRA RES 1997-02 - 00001030HRA RESOLUTION NO. 2- 1997
RESOLUTION DETERMINING THAT A CERTAIN PARCEL IS
OCCUPIED BY A STRUCTURALLY SUBSTANDARD BUILDING
AND IS TO BE INCLUDED IN A TAX INCREMENT
FINANCING DISTRICT
BE IT RESOLVED by the Board of Commissioners (the "Commissioners") of
the Housing and Redevelopment Authority In and For the City of
Fridley (the "Authority") as follows:
Section 1. Recitals.
1.01. The Authority has considered the acquisition of and/or
redevelopment of a parcel identified as follows (the "Parcel"):
1. 218 - 57tn Place N.E.
PIN 23-30-24-23-0030
1.02. Minnesota Statutes, Sections 469.174 through 469.179,
inclusive, as amended and supplemented from time to time (the
"Tax Increment Act") provides for the establishment of a Tax
Increment Financing District as a Redevelopment District. The
Tax Increment Act allows for the inclusion of parcels within a
Redevelopment District after substandard buildings have been
removed by complying with Minnesota Statutes 469.174, Subd.
10 (b) .
Section 2. Findings.
2.01. The Authority hereby finds that the acquisition and/or
redevelopment of the Parcel further the goals and objectives of
the Redevelopment Plan.
2.02. The Authority hereby finds that the Parcel is occupied by a
structure that is vacated and structurally substandard as
defined in the Tax Increment Act and that the structure must be
demolished and removed from the Parcel.
2.03. The Authority intends to demolish or cause to be demolished the
substandard building and to prepare the Parcel for
redevelopment.
Section 3. Declaration of Intent.
3.01. The Authority hereby declares its intent to include the Parcel
within a type of a tax increment financing district known as a
redevelopment district within three years of the filing of the
request for certification of the Parcel as part of a district
with the Anoka County Auditor.
Page 2-- HRA Resolution No. 2- 1997
Section 4. Notice to CountV Auditor.
4.01. If the Authority establishes a tax increment financing district
and includes the Parcel, then upon filing the request for the
certification of the tax capacity of the Parcel as part of such
district, the Authority shall notify the Anoka County Auditor
that the original tax capacity of the Parcel must be adjusted
as provided in Minnesota Statutes, Section 469.177, Subd. 1,
Para. (h).
PASSED AND ADOPTED BY THE HOUSING & REDEVELOPMENT AUTHORITY OF THE
CITY OF FRIDLEY THIS 9TH DAY OF JANUARY, 1997.
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WILLIAM W. BURNS - EXECUTIVE DIRECTOR