HomeMy WebLinkAbout16-05CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO. 16-05
RESOLUTION DESIGNATING BUILDINGS AS
STRUCTURALLY SUBSTANDARD
BE IT RESOLVED by the Board of Commissioners ("Board") of the City of
Lakeville Housing and Redevelopment Authority ("Authority") as follows:
Section 1. Recitals
1.01 Under Minnesota Statutes, Section 469.174, subd. 10(d), the Authority is
authorized to deem parcels as occupied by structurally substandard buildings for
the purposes of creating a redevelopment or renewal and renovation tax increment
financing district, despite prior demolition or removal of the buildings, subject to
certain terms and conditions as described in this resolution.
1.02 The Authority intends to cause demolition of the buildings located on the
properties described in Exhibit A hereto (the "Designated Properties") through the
City ("City"), and may in the future include the Designated Properties in a
redevelopment or renewal and renovation tax increment financing district as
defined in Minnesota Statutes, Sections 469.174, subd. 10.
Section 2. Buildings Designated Substandard, Other Proceedings
2.01 The Authority finds that the buildings on the Designated Properties as described
in Exhibit A are structurally substandard to a degree requiring substantial
renovation or clearance, based upon the analysis of such buildings by LHB, Inc.
entitled "TIF Analysis Findings for 20088, 20078 and 20116 Kenwood dated
August 30, 2016" on file in City Hall.
2.02 After the date of approval of this resolution, the buildings on the Designated
Properties may be demolished or removed by the Authority with such demolition
or removal financed by the City.
2.03 The Authority may include the Designated Properties in a redevelopment or
renewal and renovation tax increment financing district, and if so, will file the
request for certification of such district with the Dakota County auditor within
three years after the date of building demolition on the Designated Properties.
2.04 Upon filing the request for certification of the new tax increment financing
district, the Authority will notify the Dakota County auditor that the original tax
capacity of the Designated Properties must be adjusted to reflect the greater of (a)
the current net tax capacity of the parcel, or (b) the estimated market value of the
parcel for the year in which the buildings were demolished or removed, but
applying class rates for the current year, all in accordance with Minnesota
Statutes, Section 469.174, subd. 10(d).
2.05 Authority staff and consultants are authorized to take any actions necessary to
carry out the intent of this resolution.
Approved by the Board of Commissioners of the City of Lakeville Housing and
Redevelopment Authority this 6th day of September, 2016.
LAKEVILLE HOUSING AND REDEVELOPMENT AUTHORITY
ATTEST:
B avis, Secretary
Douglas . Anderson, Chair
EXHIBIT A
Description of Designated Properties
PID 220290034030
PID 220290033020
PID 221150001040