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RES 2004-34 - 00013218RESOLUTION NO. 2004 - 34 A RESOLUTION AMENDING THE HOUSING REPLACEMENT DISTRICT PLAN FOR HOUSING REPLACEMENT DISTRICT NO. 1 TO INCLUDE PHASE IV BE IT RESOLVED by the City Council (the "Council ") for the City of Fridley as follows: Section 1. Recitals. 1.01. It has been proposed that the Council amend the Housing Replacement District Plan (the "Plan ") for Housing Replacement District No. 1 (the "District ") to include Phase IV, pursuant to and in accordance with Laws of Minnesota 1995, Chapter 264, Article 5, Sections 44 through 47, inclusive, as amended and supplemented from time to time. 1.02. The Council has performed all actions required bylaw to be performed prior to the approval and adoption of an amended Plan. 1.03. The Council hereby determines that it is necessary and in the best interests of the City at this time to amend the Plan for the District to include Phase IV in order to further achieve the City's goal of acquiring blighted, undeveloped or underdeveloped parcels for redevelopment or rehabilitation, and for resale as market rate housing. Section 2. Findings. 2.01. The Council hereby finds that the adoption and implementation of the amended Plan is necessary to assure the development and redevelopment of market rate housing within the City. 2.02. The Council hereby finds that the amended Plan conforms to the comprehensive plan of the City for the development and redevelopment of the City as a whole. 2.03. The Council hereby finds that the amended Plan affords maximum opportunity consistent with the sound needs of the City as a whole for development and redevelopment within the District by private enterprise. 2.04. The Council hereby finds that the approval and adoption of the amended Plan is intended and, in the judgment of this Council, its effect will be to promote the public purposes and objectives specified in the Plan. Section 3. Approval and Adoption of The Amended Plan. 3.01. The amended Housing Replacement District Plan for Housing Replacement District No. 1 to include Phase IV is hereby approved and adopted by the Council. Resolution No. 2004 -34 Section 4. Filing of Plan. Page 2 4.01. Upon approval and adoption of the amended Plan, the Council shall cause said amended Plan to be filed with the Minnesota Department of Revenue. PASSED AND ADOPTED BY THE CITY COUNCIL FOR THE CITY OF FRIDLEY THIS 12TH DAY OF JULY 2004. Scott J. Lund, Mayor ATTEST: "dAgo-�? Debra A. Skogen, City 6erk