5. HRSR 11-05-2012 - Laserfiche WebLink

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e. Statutory Authority deteriorating areas and may involve any work or undertaking for that Formally established by the City Council in 1980, the Housing& purpose constituting a redevelopment project or any rehabilitation or conservation work. Redevelopment Authority (HRA) in and for the City of Elk River was formed under the public purposes identified in Minnesota Assuming that redevelopment will occur in multiple phases, the State Statutes Sections 469.001 to 469.047 (Housing and HRA and City Council have previously adopted a series of Redevelopment Authority Act). incremental redevelopment plans within the greater downtown area in order to satisfy Statute 469.028,which requires the HRA The Housing and Redevelopment Authority Act grants to adopt a redevelopment plan prior to accepting a development municipalities the authority to designate redevelopment areas proposal. within the boundaries of the municipalities. Within these areas, the municipality may adopt a redevelopment plan and establish a Phase I - In November 2004 the HRA and City Council adopted project consistent with the municipality's public purpose. The a Downtown Phase I Redevelopment Plan in conjunction with projects as contemplated by this plan are consistent with the Tax Increment Financing District No. 21. Phase I is known as definition of a "Redevelopment Project" as defined in Section Granite Shores and Jackson Place project,which resulted in a 469.002, Subdivision 14. Essentially a"Redevelopment Project" total of 67 for-sale condominium units, 32 rental units, and includes any work or undertaking: approximately 20,000 square feet of commercial lease space and 1) To acquire blighted areas and other real property for the purpose of underground parking. The original name of Granite Shores was removing,preventing,or reducing blight,blighting factors,or the causes The Bluffs of Elk River. of blight; Phase II—In November 2006 the HRA and City adopted a 2) To clear any areas acquired and install,construct or reconstruct streets, Redevelopment Plan which allowed the HRA to secure a contract utilities and site improvements essential to the preparation of sites for for deed on property in order to potentially expand the King uses in accordance with the redevelopment plan; Avenue parking lot in the future. The property consisted of two 3) To sell or lease land so acquired for uses in accordance with the contiguous buildings, 716 Main Street and 720 Main Street, redevelopment plan; commonly known as "Main Street Mall". 4) To prepare a redevelopment plan,and to incur initiation,planning,survey Phase III -The Illustrative Master Plan is considered the next and other administrative costs of a redevelopment project,and to prepare technical and financial plans and arrangements for buildings,structures, phase of the City's redevelopment planning process. Although and improvements and all other work in connection therewith;or this Plan is not in reaction to a specific development proposal,it serves to satisfy the statutory requirement for the City to adopt a 5) To conduct an urban renewal project. The term"urban renewal project" redevelopment plan prior to accepting and undertaking may include undertakings and activities for the elimination or for the prevention of the development or spread of slums or blighted or development proposals within the study area. Draft as of November 5, 2012 -Part I,page 10 -