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Eclty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 4.5 <br /> Agenda Section Meeting Date Prepared by <br /> Consent October 7, 2019 Amanda Othoudt,EDD <br /> Item Description Reviewed by <br /> Main and Gates Redevelopment Resolution of Cal Portner, City Administrator <br /> Findings Reviewed by <br /> Action Requested <br /> Approve,by motion, a resolution finding parcels are occupied by structurally substandard buildings. <br /> Background/Discussion <br /> At their April 3, 2017, meeting, the HRA directed staff to move forward with the steps necessary to <br /> create a redevelopment plan for the property located at the intersection of Main Street, Gates Avenue <br /> NW and 3rd Street. As part of this project, the HRA or the city may incur certain costs related to the <br /> creation of a TIF District which may be financed on a temporary basis from available HRA funds. <br /> The HRA engaged LHB,Inc. to conduct an inspection on the properties owned by the HRA to <br /> determine if the proposed district meets these requirements. On September 6, 2019, LHB,Inc. found the <br /> buildings to be substandard under the definition set forth in the Minnesota Statutes, Sections 469.174 to <br /> 469.1794, as amended. <br /> Resolutions must be adopted by the HRA and City designating the buildings located at 326 Gates Ave <br /> NW, 414, 426 and 430 Main Street NW as structurally substandard so that they can be demolished before <br /> the creation of a TIF District. <br /> The HRA will have three years from the approval of the resolution to certify the TIF district. Activity <br /> must occur before or within five years after certification of the district. <br /> Following approval of the resolutions this evening, the Elk River Police Department and Elk River Fire <br /> Department will conduct trainings in the vacant buildings owned by the HRA. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ HRA Staff Report (October 7, 2019) <br /> ■ Resolution <br /> The Elk River Vision <br /> A PehoMing community Pitb revolutionary and spirited resourcefulness, exceptional P,`01 W E H E 8 6 T <br /> service, and community engagement that encourages and inspires prosperity INAWRE1 <br />