HRA RES 1995-18 32
BRA RESOLUTION NO. 18 - 1995
RESOLUTION APPROVING AND ADOPTING A HOUSING REPLACEMENT
DISTRICT PLAN AND CREATING HOUSING REPLACEMENT DISTRICT
NO. 1
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. It has been proposed that the Authority approve and adopt a Housing
Replacement District Plan (the "Plan") and create Housing Replacement
District No. 1 (the "District") , 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 the Plan and the creation of the
District.
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 approve and adopt
the Plan and create the District to 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. Findings.
2.01. The Authority hereby finds that the adoption and implementation of the
Plan is necessary to assure the development and redevelopment of market
rate housing within the City.
2.02. The Authority hereby finds that the 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 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 Plan and
the creation of the District is intended and, in the judgement 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 Plan.
3.01. The Housing Replacement District Plan is hereby approved and adopted by
the Commissioners of the Authority.
33
Page 2 -- HRA Resolution No. 18 - 1995
Section 4. Creation of the District.
4.01. Housing Replacement District No. 1 is hereby approved and adopted by the
Commissioners of the Authority.
Section 5. Filing of Plan.
5.01. Upon approval and adoption of the Plan, the Authority shall cause said
Plan to be filed with the Minnesota Department of Revenue.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF FRIDLEY THIS 14TH DAY OF SEPTEMBER, 1995.
ef'sti .i—t/
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WI LIAM W. BURNS - EXECUTIVE DIRECTOR