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97-082 - 11-18 Approving Update to Valley Square Redevelopment Plan Resolution 97-82 November 18, 1997 Member Russell introduced the following resolution and moved its adoption: RESOLUTION APPROVING AN UPDATE TO THE VALLEY SQUARE REDEVELOPMENT PLAN (AREA "B" SECTION OF PART II: REDEVELOPMENT PLAN COMPONENTS) WHEREAS, the City Council for the City of Golden Valley approved the original Valley Square Redevelopment Plan on July 10, 1978, and revisions thereof on May 14, 1979, April 6, 1982, August 10, 1982 and May 7, 1991; and WHEREAS, the Housing and Redevelopment Authority in and for the City of Golden Valley (the "HRA") has prepared an update to the Valley Square Redevelopment Plan (the "1997 Amendment"), which revises the Plan characteristics for Area B and updates activities undertaken and proposed for the Area, as outlined in "Exhibit A" attached hereto; and WHEREAS, the 1997 Amendment has heretofore been duly reviewed by the Planning Commission of the City and has been approved by the Board of Commissioners of the HRA and sent to the County and School District for review; and WHEREAS, the City has held a public hearing on the 1997 Amendment after published notice as required by Minnesota Statutes, Section 469.028. NOW, THEREFORE, BE IT RESOLVED that the City Council confirms the following findings with respect to the Valley Square Redevelopment Plan, as amended to and including the 1997 Amendment (as so amended, the "Amended Redevelopment Plan"), to- wit: 1. The revisions to the Plan Characteristics for Area B attached hereto as Exhibit A are hereby approved. 2. The area included with the Amended Redevelopment Plan (the "Project Area") is a blighted area within the meaning of Minnesota Statutes, Sections 469.001 to 469.047, inclusive, as more fully detailed in the discussions of initial land use characteristics in the Amended Redevelopment Plan. 3. The revitalization program heretofore undertaken and proposed to be taken with respect to the Project Area is necessary to eliminate and prevent the spread of blight. 4. As noted in the Amended Redevelopment Plan in the discussions of initial land use characteristics, the Project Area is subject to conditions preventing private development and it would not be available for redevelopment without the governmental assistance and financial aid heretofore made available and proposed to be made available by the Amended Redevelopment Plan. Resolution 97-82 - Continued November 18, 1997 5. The Amended Redevelopment Plan has afforded and will afford maximum opportunity to redevelopment by private enterprise, consistent with the sound needs of the locality as a whole. 6. The Amended Redevelopment Plan provides an outline for the redevelopment and rehabilitation of the Project Area and is sufficiently complete to indicate the relationship of the plan to the objectives of the City as to appropriate land uses within the Project Area and to indicate the general land uses and general standards for redevelopment or rehabilitation with the Project Area. 7. There is a feasible method for the relocation of families who may be displaced from the Project Area and there is available, or will be provided, decent, safe and sanitary dwelling units at least equal in number to the number of units displaced; the HRA will further provide, when appropriate, all relocation assistance and benefits required by federal and state law. 8. The objectives and purposes of the Amended Redevelopment Plan are consistent with the general land use proposals and planning objectives established by the City in its Comprehensive Plan. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Golden Valley: 1. The 1997 Amendment to the Valley Square Redevelopment Plan is approved and the HRA may proceed in accordance with the Amended Redevelopment Plan. 2. The City Manager is directed to communicate the Council's approval of the 1997 Amendment to the HRA. � Mary E nderson, Mayor ATTEST: Shirley J. N , ity Clerk The motion for the adoption of the foregoing resolution was seconded by Member Johnson and upon a vote being taken thereon, the following voted in favor thereof: Anderson, Johnson, LeSuer, Micks and Russell; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted, signed by the Mayor and her signature attested by the City Clerk. Resolution 97-82 - Continued November 18, 1997 EXHIBIT A Area "B" Location: North of Highway 55, extending up to Bassett Creek; west of Winnetka Avenue, extending to Wisconsin Avenue -- Overall size: 29 acres 1978 Characteristics: Mid-size commercial strip center with three outlying buildings along Highway 55; two small-size commercial strip centers along Winnetka Avenue; a supermarket and miscellaneous other small commercial operations; two single-family homes along Creek. Plan Characteristics: Improved traffic circulation; generally mixed uses with emphasis on commercial;�ae and residential uses. Redevelopment Activities Completed To-Date: • Acquisition and removal of ^^�o,-,�-^��two houses • Acquisition and removal of Hennepin Co-Op building (business relocated within Valley Square, on Lewis Road) for street realignment purposes • Acquisition and removal of former Jerrv's NewMarket buildinq • Vacation of Vermont Avenue adjacent to street realignment • Realignment of Golden Valley Road to a more northerly location, beginning just west of supermarket and continuing through Area A • Former Golden Valley Road alignment west of Vermont Street alignment closed to through traffic but retained for local access and to protect underlying utilities Current Action Plan Components: • � Mixed use redevelopment of sites cleared for Winnetka Avenue improvement (see Winnetka Avenue Overlay Area) and additional land acquired between Golden Vallev Road and Bassett Creek � 4nn�iici�inri �nr�l rom��i�l �f remu�r��ny ��nnlc f�+mihi rocii-lonno • Acquisition of vacant lot from Marquette Bank of Golden Vallev adiacent to Bassett Creek and Wisconsin Avenue Bassett Creek amenities