Res 1999-36 RESOLUTION NO. 36- 1999
A RESOLUTION DETERMING THAT CERTAIN PARCELS
ARE OCCUPIED BY STRUCTURALLY SUBSTANDARD BUILDINGS
AND ARE TO BE INCLUDED IN A TAX INCREMENT FINANCING DISTRICT
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Fridley,
Minnesota, (the"City") as follows:
Section I. Recitals.
1.01 The Housing and Redevelopment Authority in and for the City of Fridley (the
"Authority") has considered the acquisition of and/or redevelopment of parcels identified
as follows (the Parcels"):
1. 5807 University Avenue
PIN 23-30-24-24-0072
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 with 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 Council hereby finds that the acquisition and/or redevelopment of the Parcels
furthers the goals and objectives of the Redevelopment Plan.
2.02 The Council hereby finds that the Parcels are occupied by structures that are vacated and
structurally substandard as defined in the Tax Increment Act and that the structures must
be demolished and removed from the Parcels.
2.03 The Council hereby finds that the Authority intends to demolish or cause to be
demolished the substandard buildings and to prepare the Parcels for redevelopment.
Resolution No.36-1999
Page 2
Section 3. Declaration of intent. I
3.01 The Council hereby declares its intent to include the Parcels within a type of a tax
increment financing district know as a redevelopment district within 3 years of 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 City establishes a tax increment financing district and includes the Parcels, then
upon filing the request for the certification of the tax capacity of the Parcels as part of
such district,the City 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 (h).
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
26th DAY OF April, 1999.
ANC R -MAYOR
ATTEST:
/1j)4ti:A!
DEBRA A. SKOGEN-FiTY CLERK