8.1. SR 06-19-2017 - Laserfiche WebLink

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EOty1� ,.,�� Request for Action River To Item Number Mayor and City Council 8.1 Agenda Section Meeting Date Prepared by General Business June 19, 2017 Amanda Othoudt,Economic Development Director Item Description Reviewed by Resolution Designating Certain Buildings within Tina Allard, City Clerk Development District No. 1 as Structurally Reviewed by Substandard T.John Cunningham, Fire Chief Action Requested Adopt,by motion, a resolution finding buildings to be substandard in anticipation of considering the creation of a Redevelopment TIF District. Background/Discussion Staff has been working with Beaudry Oil Company in the development of a new truck shop facility along Proctor Avenue. As part of the project, the city is pursuing a redevelopment plan for the area. At their April 3, 2017, meeting, the City Council directed staff to move forward with the steps necessary to create a redevelopment plan. To determine the boundary of this redevelopment plan,it was necessary to inspect each of the properties within the proposed development district to determine if the area qualifies as a Redevelopment TIF District. The city's consultant,LHB,performed the inspection of the properties within the proposed district. They inspected both the interior and exterior of the buildings and evaluate the coverage of each parcel. Redevelopment districts are a type of tax increment financing district in which one or more of the following conditions exists and is reasonably distributed throughout the district: 1. Parcels comprising at least 70% of the area of the district are occupied by buildings, streets, utilities,paved or gravel parking lots, or other similar structures and more than 50% of the buildings, not including outbuildings, are structurally substandard requiring substantial renovation or clearance. A parcel is deemed "occupied" if at least 15% of the area of the parcel contains buildings, streets, utilities,paved or gravel parking lots, or other similar structures. 2. The property consists of vacant, unused, underused,inappropriately used, or infrequently used railyards,rail storage facilities, or excessive or vacated railroad right-of-ways; or 3. Tank facilities, or property whose immediately previous use was for tank facilities, as defined in section 115C.02, subdivision 15,if they: a. have or had a capacity of more than 1,000,000 gallons; b. are located adjacent to rail facilities; and c. have been removed or are unused, underused,inappropriately used, or infrequently used. POWERED 6T Template Updoted 4/14 INAWRE1