HRA RES 2000-04 - 00001461RESOLUTION NO. HRA 4-2000
A RESOLUTION DETERMINING THAT A CERTAIN PARCEL IS OCCUPIED BY
STRUCTURALLY SUBSTANDARD BUII,DINGS 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/or redevelopment of a parcel identified as
follows (the "Parcel"):
349-353 57�` Place
PIN 23-30-24-24-0076
1.02. Minnesota Statutes, Sections 469.174 through 469.179, inclusive, as amended and
supplemented from time to time (the "Tax Increment Act") provides for the establishment of a Tax
Increment Financing District as a redevelopment district. The Tax Increment Act allows for the
inclusion of parcels within a redevelopment district after substandard buildings have been removed by
complying with Minnesota Statutes 469.174, Subd. 10(b).
Section 2. Findin�s.
2.01. The Authority hereby finds that acquisition and/or redevelopment of the Parcel furthers the
goals and objectives of the Redevelopment Plan.
2.02. The Authority hereby finds that the Parcel is occupied by a structure or structures that are
vacated and structurally substandard as defined in the Tax Increment Act and that the structures must
be demolished and removed from the Parcel.
2.03. The Authority intends to demolish or cause to be demolished the substandard buildings and to
prepare the Parcel for redevelopment.
Section 3. Declaration of Intent.
3.01. The Authority hereby declares its intent to demolish or cause to be demolished the substandard
buildings and to include the Parcel within a type of tax increment financing district known as a
redevelopment district. The Parcel shall have been occupied by substandard buildings within
three years of the filing of the request for certification of the Parcel as part of a district with the
Anoka County Auditor.
Page 2— Resolution HRA 4-2000
Section 4. Notice to County Auditor.
4.01. If the Authority establishes a tax increment 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, Para. (h).
PASSED AND ADOPTED BY THE FRIDLEY HOUSING AND REDEVELOPMENT
AUTHORITY 1N AND FOR THE CITY OF FRIDLEY, NIlNNESOTA THIS 4� DAY OF MAY,
2000.
LAWRENCE R. COMIV�RS, CHAIRPERSON
ATTEST:
WII,LIAM W. BURNS, EXECUTIVE DIRECTOR