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12-102 - 12-18 - adopt redevelopment plan - hwy 55 west - redevelopment project area Resalutian 12-102 December 18, 2012 Member Freiberg introduced the following and moved its adoption: RESQLUTION QF THE CITY OF GOLDEN VALLEY, HENNEPIN COUNTY, MtNNESQTA ADQPTING THE REDEVELOPMENT PLAN FOR THE HIGHWAY 55 WEST REQEVELOPMENT PROJECT AREA BE IT RESOLVED by the City of Golden Valley, Minnesota (the "City"), as fallows: 1. Project Plan Review. The City has reviewed the Redevelopment Plan (the "Project Plan") for the Highway 55 West Redevelopment Project Area (the "Redevelopment Project") as approved by the Housing and Redevelopment Authority ("the Authority") attached hereto. 2. Approval. The Project Plan is hereby approved, based on the findings in Section 3 hereof. 3. Findings for Approval of Pro1ect Plan. The City hereby makes the following findings: 3.01. The Project Plan propases that the Authority undertake certain redevelopment activities for the purpose of encouraging redevelopment of properties in the Redevelopment Project. 3.02. The land in the Redevelopment Project would not be made available for development without the financial aid to be sought since private developers cauld not economically develop the Redevelopment Project without the proposed redevelopment activities. 3.03. The Project Plan will afford maximum opportunity, consistent with the needs of the City as a whole, for the redevelopment of the District by private enterprise. The redevelopment activities contemplated in the Project Plan would help to retard blight in the Redevelopment Project and provide an increase in employment and housing opportunities in the City and enhance the tax base of the City and overlapping taxing jurisdictions. 3.04. The redevelopment activities proposed by the Project Plan conform to the general plan for the development or redevelopment of the City as a whole. The redevelopment activities are compatible with the City's zoning ordinances and other related regulations and encourage efficient use of existing infrastructure as set forth in the City's Land Use Plan and has been so found by the City's Planning Commission on November 26, 2012. 3.05. The Project Plan provides an outline for the development or redevelopment of the area and is sufficiently complete to indicate its relationship to definite local objectives as to appropriate land uses and to indicate general land uses and general standards of development or redevelopment. Resolution 12-102 - Continued December 18, 2012 4. Transmittal and Public Hearinq. The Project Plan has been submitted to Hennepin County and School District 270 for review and comment, a notice of public hearing was published, and said hearing held on December 18 prior to Council consideration, in accordance with Minnesota Statutes, Chapter 469. 5. Filin . The Director is hereby authorized and directed to file the Project Plan with the Commissioner of the Minnesota Department of Revenue and the Office af the State Auditor pursuant to Minnesota Statutes, Section 469.175, subdivision 4a. � ' Shepa d M. Harris, M yor ATTEST: }. �,� Susan M. Virnig, City Clerk The motion for the adoption of the foregoing resolution was seconded by Member Scanlon and upon a vote being taken thereon, the following voted in favor thereof: Clausen, Freiberg, Harris, Pentel and Scanlon; and the following voted against the same; none, whereupon said resolution was declared duly passed and adopted, signed by the Mayor and his signature attested by the City Clerk.