4.5. SR 10-07-2019 - Laserfiche WebLink

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HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF ELK RIVER, MINNESOTA SHERBURNE COUNTY STATE OF MINNESOTA RESOLUTION NO. ____________ RESOLUTION FINDING PARCELS ARE OCCUPIED BY STRUCTURALLY SUBSTANDARD BUILDINGS WHEREAS, it has been proposed that the City of Elk River, Minnesota, (the “City”) or the Housing and Redevelopment Authority in and for the City of Elk River, Minnesota (the “HRA”), create one or more tax increment financing districts within the City to be designated as redevelopment districts or renewal and renovation districts as defined in Minnesota Statutes, Section 469.174, Subd. 10 and Subd. 10a (the “TIF District”); and WHEREAS, in order to create this type of TIF District, the City and the HRA must make a determination that before the demolition or removal of any substandard building, certain conditions existed; and WHEREAS, under Minnesota Statutes, Section 469.174, subd. 10(d), the City and the HRA are authorized to deem parcels as occupied by structurally substandard buildings despite prior demolition or removal of the buildings, subject to certain terms and conditions as described in this resolution; and WHEREAS, in order to deem a parcel as being occupied by a structurally substandard building, the City or the HRA must first pass a resolution before the demolition or removal that the parcel was occupied by one or more structurally substandard buildings and that after demolition and clearance the City or the HRA intended to include the parcel within the proposed tax increment financing district; and WHEREAS, there exists in the City on each of the parcels described in Exhibit A attached hereto (collectively, the “Parcels”) one structurally substandard building to be demolished or removed (the “Substandard Building Condition”); and WHEREAS, a parcel is deemed to be occupied by a structurally substandard building if the Substandard Building Condition is met within three years of the filing of the request for certification of the parcel as part of the tax increment financing district with the county auditor, and if certain other conditions are met; and WHEREAS, the HRA intends to cause demolition of buildings located on the Parcels, and the City or the HRA may in the future include the Parcels in a redevelopment or renewal and renovation tax increment financing district; and NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners (the “Board”) of the Housing and Redevelopment Authority in and for the City of Elk River, Minnesota that: 1. The Board has received from LHB, Inc. the “TIF Analysis Findings for 326 Gates Ave NW, 414, 426 and 430 Main Street NW”, dated September 6, 2019 (the “Inspection Report”), finding that, based on an inspection of the buildings located on the Parcels, such buildings were determined to be substandard under the definition set forth in the Minnesota Statutes, Sections 469.174 to 469.1794, as amended (the “TIF Act ”). Based on the Inspection Report and other information available to the Board,