HRA Res 2021-04 Special Legislation
Commissioner Elizabeth Showalter introduced the following resolution, the reading of
which was dispensed with by unanimous consent, and moved its adoption.
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF FRIDLEY, MINNESOTA
RESOLUTION NO. 2021 - 04
A RESOLUTION REQUESTING APPROVAL OF SPECIAL LEGISLATION
BY THE MINNESOTA LEGISLATURE
BE IT RESOLVED by the Board of Commissioners of the Housing and
Redevelopment Authority in and for the City of Fridley, Minnesota (the “Authority”) as
follows:
WHEREAS, the City of Fridley (the “City”) and its Authority wish to expand housing
opportunities and renovate existing owner occupied and rental housing; and
WHEREAS, the City is a first ring suburb with housing constructed 50 to 70 years
ago; and
WHEREAS, the Authority has established numerous loan and grant programs to
address housing needs; and
WHEREAS, the City has strongly supported the Authority’s housing programs, in
addition is has approved (i) the maximum possible authority levy for the last 25 years, (ii)
tax exempt housing bonds, (iii) housing replacement programs, and (iv) an extensive
housing code enforcement program; and
WHEREAS, the Authority has approved allocating $1.0M/year for the next five
years for its housing programs; and
WHEREAS, the revenue needed for housing programs is much greater than the
available resources; and
WHEREAS, the City and Authority recently sold general obligation bonds to pay
tax increment revenue notes in tax increment district No. 20 (the “TIF District”) making
tax increment available; and
WHEREAS, the City and Authority wish to use the revenues not required for debt
service and administration expense from this one TIF District to assist them with
addressing their very extensive housing needs; and
WHEREAS, Exhibit A is special legislation which allows the use of tax increment
from the TIF District for housing programs.
Resolution No. HRA 2021-04 Page 2
NOW, THEREFORE, the Authority requests the Legislature to approve the special
legislation attached as Exhibit A.
Passed and adopted by the Board of Commissioners of the Housing and
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Redevelopment Authority in and for the City of Fridley, Minnesota this 4 day of February,
2021.
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Gordon Backlund, and upon vote being taken thereon the following voted
in favor thereof: Chairperson William Holm, Commissioner Gordon Backlund,
Commissioner Kyle Mulrooney and Commissioner Elizabeth Showalter.
and the following voted against the same: No one.
Whereupon said resolution was declared duly passed and adopted, and was
signed by the Chairperson and attested to by the Executive Director.
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Adopted by the Board of the Authority this 4 day of February, 2021.
WILLIAM B. HOLM - CHAIRPERSON
ATTEST:
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WALTER T. WYSOPAL – EXECUTIVE DIRECTOR
CERTIFICATION
I, Walter T. Wysopal, the Executive Director of the Housing and Redevelopment Authority
in and for the City of Fridley, Minnesota, do hereby certify that the foregoing is a true and
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correct copy of Resolution No. HRA 2020 - 04 adopted by the Authority on the 4 day of
February, 2021
WALTER T. WYSOPAL – EXECUTIVE DIRECTOR
Resolution No. HRA 2021-04 Page 3
EXHIBIT A
A bill for an act
relating to the City of Fridley; tax increment financing district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. CITY OF FRIDLEY; TAX INCREMENT FINANCING DISTRICT;
SPECIAL RULES.
(a) If the governing body of the city of Fridley or its development authority elects,
then notwithstanding anything to the contrary in sections 469.176, subdivision 4j and
469.1763, subdivision 2, not more than 50 percent of the total revenue derived from tax
increments paid by properties in tax increment financing district No. 20 (measured over
the life of the district) may be expended on housing programs outside the tax increment
financing district No. 20 including the following: (i) revolving rehab loan program; (ii)
multi-family improvement loan program; (iii) mobile home improvement loan program;
(iv) last resort emergency deferred loan program; (v) senior deferred loan program; (vi)
down payment assistance loan program; (vii) residential major project grant program;
(viii) residential paint rebate grant program; and (ix) front door grant program.
(b) The five-year rule under Minnesota Statutes, section 469.1763, subdivision 3,
and the use of revenues for decertification in Minnesota Statutes, section 469.1763,
subdivision 4, do not apply to tax increment financing district No. 20.
(c) The authority to make the election under this section expires on December 31,
2023.
EFFECTIVE DATE. This section is effective upon approval by the governing body
of the city of Fridley and upon compliance by the city with Minnesota Statutes, section
645.021, subdivision 3.
Exhibit A-1