HRA Res 2016-07 TIF 23 Fridley Municipal Building
HRA RESOLUTION NO. 2016-07
A RESOLUTION MODIFYING THE REDEVELOPMENT PLAN FOR
REDEVELOPMENT PROJECT NO. 1 AND THE TAX INCREMENT
FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICTS NOS.
6, 9, 11-13 AND 17-22 TO REFLECT INCREASED PROJECT COSTS AND
INCREASED BONDING AUTHORITY WITHIN REDEVELOPMENT
PROJECT NO. 1, CREATING TAX INCREMENT FINANCING DISTRICT
NO. 23 AND ADOPTING A TAX INCREMENT FINANCING PLAN
RELATING THERETO.
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. It has been proposed that the Authority approve and adopt the proposed
modifications to its Redevelopment Plan for Redevelopment Project No. 1 (the “Project
Area”) reflecting increased project costs and increased bonding authority, 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. It has been further proposed that the Authority approve and adopt the
proposed modifications to the Tax Increment Financing Plans (the "Existing Plans") for Tax
Increment Financing Districts Nos. 6, 9, 11-13 and 17-22(the "Existing Districts") reflecting
increased project costs and increased bonding authority within the Project Area, pursuant
to Minnesota Statutes, Section 469.174 through 469.1799, inclusive, as amended and
supplemented from time to time.
1.03. It has been further proposed that the Authority approve the creation of
proposed Tax Increment Financing District No. 23 (the “Proposed District”) within the
Project Area and approve and adopt the proposed Tax Increment Financing Plan (the
“Proposed Plan”) relating thereto, pursuant to and in accordance with Minnesota Statutes,
Sections 469.174 to 469.1799, inclusive, as amended and supplemented from time to time.
1.04. The Authority has investigated the facts and has caused to be prepared with
respect thereto, a modified Redevelopment Plan for the Project Area and modified Existing
Plans for the Existing Districts reflecting increased project costs and increased bonding
authority within the Project Area and the Proposed Plan for the Proposed District, defining
more precisely the property to be included the public costs to be incurred, and other
matters relating thereto.
HRA Resolution No. 2016-07 Page 2
1.05. The Authority has performed all actions required by law to be performed prior
to the approval and adoption of the modifications to the Redevelopment Plan and Existing
Plans and the approval and adoption of the Proposed Plan.
1.06. The Authority hereby determines that it is necessary and in the best interests
of the City and the Authority at this time to approve and adopt the modifications to the
Redevelopment Plan and Existing Plans, to create the Proposed District and to approve
and adopt the Proposed Plan relating thereto.
Section 2. Findings.
2.01. The Authority hereby finds, determines and declares that the assistance to be
provided through the adoption and implementation of the modified Redevelopment Plan,
modified Plans and Proposed Plan (collectively, the “Plans”) is necessary to assure the
development and redevelopment of the Project Area.
2.02. The Authority hereby finds, determines and declares that the Plans conform to
the general plan for the development and redevelopment of the City as a whole in that they
are consistent with the City's comprehensive plan.
2.03. The Authority finds, determines and declares that the Plans afford maximum
opportunity consistent with the sound needs of the City as a whole for the development and
redevelopment of the Project Area by private enterprise and it is contemplated that the
development and redevelopment thereof will be carried out pursuant to redevelopment
contracts with private developers.
Section 3. Approvals and Adoptions.
3.01. The modifications to the Redevelopment Plan reflecting increased project
costs and increased bonding authority within the Project Area are hereby approved and
adopted by the Commissioners of the Authority and are forwarded to the Fridley City
Council for public hearing, review and approval.
3.02. The modifications to the Existing Plans reflecting increased project costs and
increased bonding authority within the Project Area are hereby approved and adopted by
the Commissioners of the Authority and are forwarded to the Fridley City Council for public
hearing, review and approval.
3.03. The creation of the Proposed District within the Project Area and the adoption
of the Proposed Plan relating thereto are hereby approved and adopted by the
Commissioners of the Authority and are forwarded to the Fridley City Council for public
hearing, review and approval.
HRA Resolution No. 2016-07 Page 3
Section 4. Filing of Plans.
4.01. Upon approval and adoption of the Plans, the Authority shall cause said
Plans to be filed with the Minnesota Department of Revenue, the Office of the State
Auditor and Anoka County.
PASSED AND ADOPTED BY HOUSING AND REDEVELOPMENT AUTHORITY IN AND
ST
FOR THE CITY OF FRIDLEY, MINNESOTA THIS 1 DAY OF SEPTEMBER 2016.
_____________________________________
LAWRENCE R. COMMERS - CHAIRPERSON
ATTEST:
______________________________________
WALLY WYSOPAL - EXECUTIVE DIRECTOR
CERTIFICATION
I, Wally Wysopal, Executive Director of the Housing and Redevelopment Authority in and
for the City of Fridley, Minnesota, hereby certify that the foregoing is a true and correct copy
st
of HRA Resolution No. 2016-07 adopted by the Authority on the 1 day of September 2016.
_______________________________________
WALLY WYSOPAL - EXECUTIVE DIRECTOR
MMB: 4833-5617-2341, v. 1