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03-1081Presented By Resolution # Referred To Council File # 0 � ` �D , i.ia�o�nae.c�=�.ras� RESOLUTION ADOPTING FINDINGS OF FACT RELATED TO STRUCTURALLY SUBSTANDARD BUILDINGS LOCATED IN PROPOSED FUTURE KOCH MOBIL TAX INCREMENT FINANCING DISTRICT 4 WHEREAS, the City of Saint Paul (the "City") has been advised that the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the "Authorit}�') intends to establish a redevelopment tax increment financing district in the area generally bounded by West Seventh Street, Otto Avenue, Shepard Road and the Crosby Lake Business Park (the "DistricY'); and 10 WHEREAS, prior to certification of the District, the City Council of the City of Saint Paul (the "City 11 Council") is required to make the findings required by Minnesota Statutes Section 469.175, Subdivision 3, 12 including the reasons and facts supporting the determination that the District meets the statutory requirements 13 for a redevelopment dishict; and 14 15 WHEREAS, the City has been further advised that, prior to certification of the District, and for health and 16 safety reasons, the Authority intends to demolish two residential buildings currently located on two parcels to 17 be included in the District, which buildings are located at 764 Otto and 1534 Adrian Street, St Paul, Mn (the 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 `Buildings"); and WHEREAS, as set forth in its Resolution adopted by the Authority on December 10, 2003 (the "Authority Resolution") the Authority has determined that the Buildings are "structurally substandard" within the meaning of Minnesota Statutes, Section 469.174, subdivision 10; and WHEREAS, the City Council, in reliance on the information provided to it by the Authority, including but not limited to the November 24, 2003 report prepared by Short Elliot Hendrickson, Inc. ("SEH Report"), and on its own investigation, concurs with the Authority's determination that the Buildings are "structurally substandard" within the meaning of Minnesota Statutes, Section 469.174, subdivision 10; and WHEREAS, the purpose of this action is to set forth the factual findings of the City Council befare the Buildings aze demolished, which factual fmding may then be relied on by the City Council at such time as the City Council considers whether the proposed District, as a whole, meets the statutory requirements of a redevelopment district; NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Saint Paul that, on the basis of information provided to it by the Authority, including the SEH Report, and its own investigation, the City Council finds that the Buildings are "structurally substandard" within the meaning of Minnesota Statutes, Section 469.174, subdivision 10. 03- /n�� Adoption By: �3 By: Requeste�].�y Dep me f: / /T/11 P1dRR1nq & 'conomic D e opment By: ApprOVed by FinanCial ServiCes Adopted by Council: Date //f/_�, /%` ��/f�? By: i Forn� Approved by City attorney !- � 03 � ib8�i � Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet PE — Planning & Economic Development Contact Person 8 Phone: Joan Trulsen 6-6694 Must Be on Council Agenda by 10-DEG03 � Date initiated: 26-NOV-03 � Assign Number For Roufing Order Green Sheet NO: 3008499 Depar[ment SentTo Person � 0 �Planniu¢ & Economic Develoo I Bob Schreier I i � t 1 lannin� & Economic Develo De a ent Director j� 2 i Attorne Mc all/I{ell 3 a or's ce � Mavor/Assistant 4 ouncil Councilmember Colem 5 'ty Clerk Ctiri Clerk I � Total # of Signature Pages (Clip All Lowtions for Signature) i � , Adion Requested: Signatures on resolution for G�ry CouncIl Consent Agenda on December 10, 2003. idations: Approve (A) or Reject (R): Planning Commission CIB Committee Civil Service Commission Personal 1. Has this personffirm ever worked under a contract for this departmenY? Yes No 2. Has this personffirm ever been a city employee? Yes No 3. Dces this person/frm possess a skill not normally possessed by any current city employee? Yes No Explain all yes answers on separate sheet and attach to green sheet Initiating Problem, Issues, Opportunity (Who, What, When, Where, Why); RESOLUTIONADOPTING FINDINGS OF FACT RELATED TO STRUCTIJRALLY SUBSTANDARD BUILIDINGS LOCATED IN PROPOSED FUTLTRE KOCH MOBIL TAX INCREMENT FINANCING DISTRICT AdvantaStes If Approved: A Redevelopment TIF Distdct can be established and the increments will help finance the Project wluch will result in the conshvcfion of approximately 860 new housing units. DisadvanWpes If Approved: None I h :��F_ �': Disadvantaqes If Not Approved: Increment will not be eligible on the site of the 2 houses and there will be a gap in financing of the project Totai Amount of Transadion: Fundinq Source: Financial information: (EUplain) � � CostlRevenue Budgeted: Activity Number. �3�CE� � �EC v j 2003 ����T7"6�Dne.�. _