HRA RES 2013-09 Create TIF #22
HRA RESOLUTION NO. 2013-09
A RESOLUTION MODIFYING THE REDEVELOPMENT PLAN FOR
REDEVELOPMENT PROJECT NO. 1 AND THE TAX INCREMENT FINANCING
PLANS FOR TAX INCREMENT FINANCING DISTRICTS NOS. 6-7, 9, 11-13 AND 16-21
TO REFLECT INCREASED GEOGRAPHIC AREA, INCREASED PROJECT COSTS
AND INCREASED BONDING AUTHORITY WITHIN REDEVELOPMENT PROJECT
NO. 1, CREATING TAX INCREMENT FINANCING DISTRICT NO. 22 AND ADOPTING
A TAX INCREMENT FINANCING PLAN RELATING THERETO.
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 the proposed modifications
to its Redevelopment Plan for Redevelopment Project No. 1 (the “Project Area”) reflecting
increased geographic area, increased project costs and increased bonding authority, pursuant to and
in accordance with Laws of Minnesota 2008, Chapter 154, Article 9, Section 23, Laws of Minnesota
2008, Chapter 366, Article 5, Section 23 and Minnesota Statutes, Sections 469.001 to 469.047 and
469.174 to 469.1799, inclusive, as amended and supplemented from time to time.
1.02. It has been further proposed that the Authority approve and adopt the proposed
modifications to the Tax Increment Financing Plans (the "Existing Plans") for Tax Increment
Financing Districts Nos. 6-7, 9, 11-13 and 16-21(the "Existing Districts") reflecting increased
project costs and increased bonding authority within the Project Area, pursuant to and in accordance
with Laws of Minnesota 2008, Chapter 154, Article 9, Section 23, Laws of Minnesota 2008,
Chapter 366, Article 5, Section 23 and Minnesota Statutes, Sections 469.001 to 469.047 and
469.174 to 469.1799, inclusive, as amended and supplemented from time to time.
1.03. It has been further proposed that the Authority approve the creation of proposed Tax
Increment Financing District No. 22 (the “Proposed District”) within the Project Area and approve
and adopt the proposed Tax Increment Financing Plan (the “Proposed Plan”) relating thereto,
pursuant to and in accordance with Laws of Minnesota 2008, Chapter 154, Article 9, Section 23,
Laws of Minnesota 2008, Chapter 366, Article 5, Section 23 and Minnesota Statutes, Sections
469.001 to 469.047 and 469.174 to 469.1799, inclusive, as amended and supplemented from time to
time.
1.04. The Authority has investigated the facts and has caused to be prepared with respect
thereto, a modified Redevelopment Plan for the Project Area and modified Existing Plans for the
Existing Districts reflecting increased geographic area, increased project costs and increased
bonding authority within the Project Area and the Proposed Plan for the Proposed District, defining
more precisely the property to be included the public costs to be incurred, and other matters relating
thereto.
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HRA Resolution No. 2013-09
1.05. The Authority has performed all actions required by law to be performed prior to the
approval and adoption of the modifications to the Redevelopment Plan and Existing Plans and the
approval and adoption of the Proposed Plan.
1.06. 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 modifications to the Redevelopment
Plan and Existing Plans, to create the Proposed District and to approve and adopt the Proposed Plan
relating thereto.
Section 2. Findings.
2.01. The Authority hereby finds, determines and declares that the assistance to be provided
through the adoption and implementation of the modified Redevelopment Plan, modified Plans and
Proposed Plan (collectively, the “Plans”) is necessary to assure the development and redevelopment
of the Project Area.
2.02. The Authority hereby finds, determines and declares that the Plans conform to the
general plan for the development and redevelopment of the City as a whole in that they are
consistent with the City's comprehensive plan.
2.03. The Authority finds, determines and declares that the Plans afford maximum
opportunity consistent with the sound needs of the City as a whole for the development and
redevelopment of the Project Area by private enterprise and it is contemplated that the development
and redevelopment thereof will be carried out pursuant to redevelopment contracts with private
developers.
Section 3. Approvals and Adoptions.
3.01. The modifications to the Redevelopment Plan reflecting increased geographic area,
increased project costs and increased bonding authority within the Project Area are hereby approved
and adopted by the Commissioners of the Authority and are forwarded to the Fridley City Council
for public hearing, review and approval.
3.02. The modifications to the Existing Plans reflecting increased project costs and
increased bonding authority within the Project Area are hereby approved and adopted by the
Commissioners of the Authority and are forwarded to the Fridley City Council for public hearing,
review and approval.
3.03. The creation of the Proposed District within the Project Area and the adoption of the
Proposed Plan relating thereto are hereby approved and adopted by the Commissioners of the
Authority and are forwarded to the Fridley City Council for public hearing, review and approval.
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HRA Resolution No. 2013-09
Section 4. Filing of Plans.
4.01. Upon approval and adoption of the Plans, the Authority shall cause said Plans to be
filed with the Minnesota Department of Revenue, the Office of the State Auditor and Anoka
County.
PASSED AND ADOPTED BY HOUSING AND REDEVELOPMENT AUTHORITY IN AND
nd
FOR THE CITY OF FRIDLEY THIS 2 DAY OF MAY, 2013.
_____________________________________
LAWRENCE R. COMMERS - CHAIRPERSON
ATTEST:
_____________________________________
PAUL BOLIN, ASSISTANT EXECUTIVE DIRECTOR
CERTIFICATION
I, Paul Bolin, Assistant Executive Director of the Housing and Redevelopment Authority in and for
the City of Fridley, Minnesota, hereby certify that the foregoing is a true and correct copy of
nd
Resolution No 2013-09 adopted by the Authority on the 2 day of May, 2013.
_____________________________________________
PAUL BOLIN, ASSISTANT EXECUTIVE DIRECTOR
MMB: 4811-8430-2611, v. 1