HRA RES 2004-04 - 00013205HRA RESOLUTION NO. 2004 - 4
A RESOLUTION AMENDING THE HOUSING REPLACEMENT DISTRICT PLAN
FOR HOUSING REPLACEMENT DISTRICT NO. 1 TO INCLUDE PHASE IV
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. It has been proposed that the Authority amend the Housing Replacement District Plan (the
"Plan") for Housing Replacement District No. 1(the "District") to include Phase IV, pursuant to
and in accordance with Laws of Minnesota 1995, Chapter 264, Article 5, Sections 44 through 47,
inclusive, as amended and supplemented from time to time.
1.02. The Authority has performed all actions required by law to be performed prior to the
approval and adoption of an amended Plan.
1.03. The Authority hereby determines that it is necessary and in the best interests of the City
and the Authority at this time to amend the Plan for the District to include Phase IV in order to
further achieve the Authority's and City's goal of acquiring blighted, undeveloped or
underdeveloped parcels for redevelopment or rehabilitation, and for resale as market rate
housing.
Section 2. Findin�s.
2.01. The Authority hereby finds that the adoption and implementation of the amended Plan is
necessary to assure the development and redevelopment of market rate housing within the City.
2.02. The Authority hereby finds that the amended Plan conforms to the comprehensive plan of
the City for the development and redevelopment of the City as a whole.
2.03. The Authority hereby finds that the amended Plan affords maximum opportunity
consistent with the sound needs of the City as a whole for development and redevelopment
within the District by private enterprise.
2.04. The Authority hereby finds that the approval and adoption of the amended Plan is intended
and, in the judgment of this Authority, its effect will be to promote the public purposes and
objectives specified in the Plan.
Section 3. Approval and Adoption of The Amended Plan.
3.01. The amended Housing Replacement District Plan for Housing Replacement District No. 1
to include Phase IV is hereby approved and adopted by the Commissioners of the Authority.
HRA Resolution No. 2004 — 4
Section 4. Filin� of Plan.
Page 2
4.01. Upon approval and adoption of the amended Plan, the Authority shall cause said amended
Plan to be filed with the Minnesota Department of Revenue.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY 1N
AND FOR THE CITY OF FRIDLEY, MINNEESOTA THIS 1ST DAY OF JULY 2004.
AWRENCE R. COMIV�RS - CHAIR
ATTEST:
� " �.
WILLIAM W. BURNS - EXECUTIVE DIRECTOR