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Res 2016-09 Modifying Redev Plan for Redev Plan 1 RESOLUTION NO. 2016 - 09 A RESOLUTION MODIFYING THE REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1 TO REFLECT ENLARGEMENT OF THE PROJECT AREA BE IT RESOLVED by the City Council (the “Council”) of the City of Fridley, Minnesota (the "City") as follows: Section 1. Recitals. 1.01 It has been proposed by the Housing and Redevelopment Authority (the “Authority”) that the Council modify, approve and adopt a Modified Redevelopment Plan relating to Redevelopment Project No. 1 to reflect enlargement of the project area, pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047, inclusive, as amended and supplemented from time to time. 1.02 The Authority has caused to be prepared, and this Council has investigated the facts with respect thereto, a Modified Redevelopment Plan for Redevelopment Project No. 1 to reflect enlargement of the project area within Redevelopment Project No. 1, defining more precisely the property to be included and other matters relating thereto. 1.03 The Council has performed all actions required by law to be performed prior to the modification, approval and adoption of the Modified Redevelopment Plan. 1.04 The Council hereby determines that it is necessary and in the best interests of the City and the Authority at this time to modify, approve and adopt the Modified Redevelopment Plan to reflect enlargement of the project area. Section 2. Findings. 2.01 The Council hereby finds, determines and declares that the assistance to be provided through the adoption and implementation of the Modified Redevelopment Plan is necessary to assure the development and redevelopment of Redevelopment Project No. 1. 2.02 The Council hereby finds, determines and declares that the Modified Redevelopment Plan conforms to the general plan for the development and redevelopment of the City as a whole in that it is consistent with the City’s comprehensive plan. 2.03 The Council hereby finds, determines and declares that the Modified Redevelopment Plan affords maximum opportunity consistent with the sound needs of the City as a whole for the development and redevelopment of Redevelopment Project No. 1 by private enterprise, and it is contemplated that the development and redevelopment thereof will be carried out pursuant to contracts with private developers. 2.04 The Council hereby finds, determines and declares that the approval and adoption of the Modified Redevelopment Plan for Redevelopment Project No. 1 by the City is intended Resolution No. 2016-09 Page 2 and, in the judgment of this Council, its effect will be to promote the purposes and objectives specified in this Section 2 and otherwise promote certain public purposes and accomplish certain objectives as specified in the Modified Redevelopment Plan. Section 3. Modification, Approval, and Adoption of Modified Redevelopment Plan. 3.01 The modifications to the Redevelopment Plan for Redevelopment Project No. 1, reflecting enlargement of the project area, is hereby approved and adopted by the Council of the City. Section 4. Filing of Plans. 4.01 Upon approval and adoption of the Modified Redevelopment Plan, the City shall cause said Plan to be filed with the Commissioner of Revenue. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY, th MINNESOTA, THIS 25 DAY OF JANUARY, 2016. SCOTT J. LUND - MAYOR ATTEST: DEBRA A. SKOGEN CITY CLERK CERTIFICATION I, Debra Skogen, the duly qualified Clerk of the City of Fridley, County of Anoka, Minnesota, hereby certify that the foregoing is a true and correct copy of Resolution No. 2016-09, passed th by the City Council on the 25 day of January 2016. Debra Skogen, City Clerk