HomeMy WebLinkAboutResolution - HRA 2005-02 - TIF District 20; Finding United Property Building Structurally Substandard - 11/01/2005 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY
H.R.A. RESOLUTION NO. 2005-02
RESOLUTION RELATING TO TAX INCREMENT FINANCING
(REDEVELOPMENT) DISTRICT NO. 20; FINDING THE
UNITED PROPERTIES BUILDING STRUCTURALLY
SUBSTANDARD PURSUANT TO MINNESOTA STATUTES,
SECTION 469.174, SUBDIVISION 10(b)
BE IT RESOLVED by the Board of Commissioners of the Eden Prairie Housing and
Redevelopment Authority,Minnesota(the Authority), as follows:
Section 1. Recitals.
1.1. The Eden Prairie Housing and Redevelopment Authority(the Authority) intends to
establish Tax Increment Financing(Redevelopment)District No. 20 (the District), on a parcel
(the Redevelopment Parcel)which includes one building,the United Properties building(the
Building) located at 6509 Flying Cloud Drive, Eden Prairie,Minnesota,pursuant to and in
accordance with Minnesota Statutes, Sections 469.001 through 469.047, inclusive, and Minnesota
Statutes, Sections 469.174 through 469.1799, inclusive(collectively, the Act).
1.2. On August 16, 2005,the City of Eden Prairie, Minnesota(the City)caused an on-
site interior and exterior inspection of the Building to be conducted by LHB, Inc. LHB, Inc.
prepared a report dated September 28, 2005 entitled"Report of Inspection Procedures and Results
for Determining Qualifications of a Tax Increment Financing District as a Redevelopment
District"(the Report) containing the basis for their professional determination that the sole
Building on the Redevelopment Parcel is structurally substandard to a degree requiring
substantial renovation and clearance,because of defects in structural elements or a combination
of deficiencies in essential utilities and facilities, light and ventilation, fire protection including
adequate egress, layout and condition of interior partitions, or similar factors which defects or
deficiencies are of sufficient total significance to justify substantial renovation or clearance,
pursuant toMinnesota Statutes, Section 469.174, Subdivision 10(b). Additionally, the Report
contains the finding that Building Code deficiencies total more than 15% of the replacement cost.
1.3. The Authority intends that,prior to the certification of the Redevelopment Parcel as
part of the District,the Redevelopment Parcel be deemed to be occupied by a structurally
substandard building for the purposes of the finding that the District qualifies as a
"redevelopment district"pursuant to Minnesota Statutes, Section 469.174, Subdivision 10(a).
1.4. The Authority intends to file the request for certification of the Redevelopment
Parcel as part of the District with the County Auditor within three (3)years of the date hereof.
1.5. The Authority has not yet demolished or removed the Building on the
Redevelopment Parcel but intends to demolish or remove the Building.
1.6. The Authority intends,upon filing the request for certification of the tax capacity of
the Redevelopment Parcel as part of the District,to notify the County Auditor that the original tax
capacity of the Redevelopment Parcel must be adjusted as provided by Minnesota Statutes,
Section 469.177, Subdivision 1(f).
Section 2. Findings.
2.1. The Authority hereby finds that,on the date hereof, the Redevelopment Parcel is
occupied by a structurally substandard building pursuant to Minnesota Statutes, Section 469.174,
Subdivision 10(a)based upon the findings contained in the Report,which is hereby incorporated
and made a part hereof.
2.2. The Authority hereby finds that upon demolition and removal of the structurally
substandard building, the intent is that the Redevelopment Parcel be included within the District.
ADOPTED by the Board of Commissioners of the Eden Prairie Housing and
Redevelopment Authority, Minnesota this I"day of November, 2005.
ncy ayGkens, air
ATTEST: SEAL
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S . ea , Executi e Director