HomeMy WebLinkAboutEDA RES 2013-09COLUMBIA HEIGHT'S F"CONOMIC DEVEI,,Ol�IM ENT ALJ'1'11()Rl'],'Y
RESOLUTION NO. 2013-09
DESIGNATING BUILDING AT 3927 CENTAL AW"INUE
AS STRUCTURALLY SUBSTANDARD
BE I'T RESOLVED By the Board of Commissioners ("Board") of the Columbia I leights
F"conornic Development Authority ("Authority") as follows:
Section 1. Recitals.
1.01. Under Minnesota Statutes, Section 469.174, subd. I 0(d), the Authority is 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,
1.02. The Authority previously acquired the property at 3927 Central Avenue in the City
(the "Designated Property"') and intends to cause demolition of' the building located oil that
property.
1,03. The Authority may in the future include the Designated Property in a redevelopment
or renewal and renovation tax increment financing district as delined in Minnesota Statutes.
Sections 469.174, Subd, 10 and ubd. I Oa, and to that end has determined to designate the existing
building on the Designated Property to be substandard prior to demolition.
Section 2. Buildim), Desi€mated Substandard., Other Proceedings.
2.01. The Authority finds that the building on the Designated Property is structurally
substandard to a degree requiring substantial renovation or clearance, based upon the following:
(a) "Report of Inspection Procedures and Results for Determining Qualifications of a
Tax Increment Financing District as a Redevelopment District," dated October 17, 2005,
prepared by LIJB, Inc.
(b) "Tax Increment Financing Eligibility Assessment, 3927 Central Avenue, Columbia
Heights, MN," dated May 22, 2013, prepared by City Community Development Director, Assistant
Community Development Director, and Building Official (which updated the 2005 Study prepared
by LI-113).
2.02. After the date of approval of this resolution, the building oil the Designated Property
may be demolished or removed by the Authority, or such demolition or removal may be financed
by the Authority, or may be undertaken by a developer under a development agreement with the
Authority.
2.03- The Authority intends to include Designated Property in a redevelopment or renewal
and renovation tax increment financing district, and to file the request for certification 01' Such
district with the Anoka County auditor within three years after the date of building demolition on
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the Designated Property.
2.04. Upon filing the request for certification of the new tax increment financing district,
the Authority will notify the Anoka County auditor that the original tax capacity of the Designated
Property 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 building was dernolished 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 Columbia Heights Economic
Development Authority this 3rd day of June, 2013
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Secretary
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