Res 1997-09 0U013
RESOLUTION NO. 9 - 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 City Council (the Council ) of the City of Fridley,
Minnesota (the City ) as follows:
Section 1. Recitals.
1.01. The Housing & Redevelopment Authority in and for the City of Fridley (the
Authority ) has considered the acquisition of and/or redevelopment of a
parcel identified as follows (the Parcel ) :
1. 218 - 57th 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 Council hereby finds that the acquisition and/or redevelopment of
the Parcel furthers the goals and objectives of the Redevelopment Plan.
2.02. The Council 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 Council hereby finds that 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 Council 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.
Section 4. Notice to County Auditor.
If the City 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 City 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) .
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Page 2 -- Resolution No. 9 - 1997
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
27TH DAY OF JANUARY, 1997 .
dr..c...... alkAll _., _. P,d4-.."....v..
ANCY J.,O-'.,N - MAYOR
ATTEST:
�iL ta rty. U y R
WI LIAM A. CHAMPA C TY CLERK
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