HRA RES 1999-04 - 00000978RESOLUTION NO. HRA 4-1999
A RESOLUTION DETERMINING THAT CERTAIN PARCELS ARE OCCUPIED
BY STRUCTURALLY SUBSTANDARD BUILDINGS AND ARE 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, Minnesota (the "Authority") as follows:
Section 1. Recitals.
1.01 The Authority in and for the City of Fridley has considered the acquisition of and/or
redevelopment of parcels identified as follows (the "Parcels"):
1. 5807 University Avenue
PIN 23-30-24-24-0014
2. 5755 University Avenue
PIN 23-30-24-24-0072
PIN 23-30-24-24-0073
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. Findin�s.
2.01 The Authority hereby finds that the acquisition and/or redevelopment of the Parcels
further the goals and objectives of the Redevelopment Plan.
2.02 The Authority hereby finds that the Parcels are occupied by structures that are vacated and
structurally substandard as identified in the Tax Increment Act and that the structures must be
demolished and removed from the Parcels.
2.03 The Authority intends to demolish or cause to be demolished the substandard buildings to
prepare the Parcels for redevelopment.
HRA Resolution No. 4-1999
Page 2
Section 3. Declaration of Intent.
3.01 The Authority hereby declares its intent to include the Parcels within a type of a tax
increment financing district known as a redevelopment district within 3 years of the filing of the
request for certification of the Parcels as part of a district with the Anoka County Auditor.
Section 4. Notice to County Auditor.
4.01 If the Authority establishes a tax increment financing district and includes the Parcels,
then upon filing the request for certification of the tax capacity of the Parcels as part of such
district, the Authority shall notify the Anoka County Auditor that the original tax capacity of the
Parcels must be adjusted as provided in Minnesota Statutes, Section 469.177, Subd. 1, Para. (h).
PASSED AND ADOPTED BY THE FRIDLEY HOUSING AND REDEVELOPMENT
AUTHORITY 1N AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 28TH DAY OF
APRIL 1999.
LAWRENCE R. COMIV�RS, CHAIRPERSON
ATTEST:
WILLIAM W. BURNS, EXECUTIVE DIRECTOR