Resolution No. 2021-12 Special Leg. by State Leg.
Resolution No. 2021-12
Requesting Approval of Special Legislation by the Minnesota Legislature
Whereas, the City of Fridley, Minnesota (City) and the Housing and Redevelopment Authority in
and for the City of Fridley (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 million per 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
Now, therefore be it resolved, that the City Council of the City of Fridley requests the Minnesota
Legislature to approve the special legislation attached as Exhibit A.
Passed and adopted by the City Council of the City of Fridley this 8th day of February, 2021.
_______________________________________
Scott J. Lund – Mayor
ATTEST:
_____________________________________
Daniel Tienter – City Clerk
Resolution No. 2021-12 Page 2
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.