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HRA RES 2014-08 SUBSTANDARD BLDGS COLUMBIA AREA HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA COUNTY OF ANOKA STATE OF MINNESOTA HRA RESOLUTION NO. 2014-08 A RESOLUTION DETERMINING THAT A CERTAIN PARCEL IS OCCUPIED BY STRUCTURALLY SUBSTANDARD BUILDINGS AND IS TO BE INCLUDED IN A TAX INCREMENT FINANCING DISTRICT 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 The Authority has considered the acquisition and redevelopment of a parcel identified as follows (the “Parcel”): Address: 7011 University Avenue NE, Fridley, MN 55432 PIN: 11-30-24-34-0002 1.02 Minnesota Statutes, Section 469.174 et seq., as amended and supplemented from time to time (the “Tax Increment Act”), provides for the establishment of a redevelopment tax increment financing district. The Tax Increment Act allows for the inclusion of parcel(s) within a redevelopment district after substandard buildings have been removed by complying with Minnesota Statutes, Section 469.174, Subd. 10(d). Section 2. Findings. 2.01 The Board hereby finds that the acquisition and redevelopment of the Parcel further the goals and objectives of the Redevelopment Plan. 2.02 The Board hereby finds that the Parcel is occupied by a structure or structures that are structurally substandard, as defined in the Tax Increment Act and described in the blight report on file with City, and that the structure or structures must be demolished and removed from the Parcel. 2.03 The Board hereby finds that the Authority intends to demolish or cause to be demolished the substandard building or buildings and to prepare the Parcel for redevelopment. HRA Resolution No. 2014-08 Page 2 Section 3. Declaration of Intent. 3.01 The Board hereby declares its intent to include the Parcel within a redevelopment tax increment financing district and to file the request for certification of the Parcel as part of a district with the Anoka County Auditor within three years of when the Parcel was occupied by a substandard building or buildings. Section 4. Notice to City Auditor. 4.01 If the Authority 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 Authority 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(f). PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA THIS 7th DAY OF AUGUST 2014. ______________________________ Lawrence R. Commers, Chairman ATTEST: ________________________________ Walter T. Wysopal, Executive Director