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of City of Elk River ver City Council Resolution 20- 35 A Resolution of the City Council of the City of Elk River finding parcel is 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, on October 7`'', 2019, the Board of Commissioners of the HRA and the City Council of the City adopted resolutions designating certain buildings within the City as substandard prior to being demolished or removed in anticipation of creating a future redevelopment or renewal and renovation tax increment financing district based on the "TIF Analysis Findings for 326 Gates Ave NW, 414, 426 and 430 Main Street NW", dated September 6, 2019 completed by LHB, Inc. ("LHB"); and WHEREAS, subsequently LHB amended its report to include additional parcels; and WHEREAS, there exists in the City on the additional parcel described in Exhibit A attached hereto (the "Parcel") 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 KruRE