87-02 HRA Resolution
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Resolution 87-2
August 18, 1987
Commissioner Thompson introduced the following resolution and moved its adoption:
RESOLUTION ADOPTING A REDEVELOPMENT PHILOSOPHY
WHEREAS, The Housing and Redevelopment Authority in and for the City of
Golden Valley has been instrumental in initiating and supporting redevelopment
in the City; and
WHEREAS, the Commissioners wish to adopt a Redevelopment Philosophy which
will guide consideration of future redevelopment proposals in the City;
NOW, THEREFORE, BE IT RESOLVED that the attached IIGolden Valley Housing and
Redevelopment Authority Redevelopment Philosophyll is hereby adopted as a guide
for consideration of future redevelopment proposals.
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The motion f r the adoption of the foregoing resolution was seconded by
Commissioner akken and upon a vote being taken thereon, the following voted
in favor thereof: Anderson, Bakken, Johnson, Stockman and Thompson; and the
fo 11 owi ng voted aga i nst the same: none, whereupon said reso lut ion was declared
duly passed and adopted, signed by the Chair and his signature attested by the
Director.
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GOLDEN VALLEY HOUSING AND REDEVELOPMENT AUTHORITY
REDEVELOPMENT PHILOSOPHY
The Comprehensive Plan is the City's guide for orderly development. It illustrates
how the City should look, feel and operate in order to best serve its citizens
now and in the future. If the Golden Valley Housing and Redevelopment Authority
(HRA) is to be involved with the redevelopment of property, it is important
that all such redevelopment plans be consistent with the Comprehensive Plan.
If a redevelopment plan is inconsistent with the Comprehensive Plan, the goals
and policies of the Plan are undermined, and it would be inappropriate for the
HRA to provide financial assistance. In cases where a proposed redevelopment
project is not consistent with the Comprehensive Plan, the City Council has the
option of considering an amendment to the Comprehensive Plan.
During periodic reviews of the Comprehensive Plan, areas for redevelopment shall
be identified based on issues such as deterioration, conflicting land uses,
inadequate infrastructure and changing community needs. Redevelopment may
occur to create development in any land use category, including office, industrial,
retail, commercial, warehouse, housing and mixed uses.
At a time when redevelopment is most appropriate and in the public interest,
the HRA shall take a pro-active role in obtaining the best developer fora
redevelopment area. The HRAshall determine criteria for developer selection
that may include experience, financial capabilities, creativity,timeliness,
ability to work in cooperation with the City, and preliminary ideas fora rede-
velopment area.
When a developer has been selected that the HRA believes has the ability to
complete the redevelopment of an area, the HRA shall review the developer's
proposed plans and prepare preliminary cost projections to determine if public
financing is feasible. The plans shall be reviewed within the context of the
following two criteria:
Enhancement of the Community
Is the City better off after the proposed project is completed?
a. Does the proposal meet an unmet need for housing or other types of
uses that are identified in the Comprehensive Plan?
b. Does the proposal eliminate blighted property?
c. Are there additional jobs created and at what level of pay?
d.~ Does the proposal consolidate underutilized property or alleviate/
eliminate overutilization/overcrowding of property?
e. Is there a minimal disruption of existing businesses and housing?
f. Are there public improvements proposed that are a benefit to the
entire community?
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Cost/Benefit to the Community
. Is the amount of public assistance (both "hard"and "soft" costs) justified for
the proposed project?
a. Does the HRA staff have the time to work on the project without
the need for added staff?
b. Are there adequate infrastructure and services available to serve
the proposed development?
c. How will the proposed redevelopment affect the tax base of the City?
d. For every public dollar put into the redevelopment, are there adequate
private dollars invested? (leveraging)
If it is determined that a proposed redevelopment project enhances the community
and provides the community with benefits that adequately outweigh public costs,
the redevelopment project should continue with examination of financial feasi-
bility in greater detail and negotiation of a development agreement.
HRA acquisition of property for a redevelopment project shall be found to be in
the public interest once a proposed project meets all of the above tests of
consistency with the City Comprehensive Plan, credible developer, enhancement
of the community, justification of any public subsidy, financial feasibility,
and negotiation of a satisfactory agreement with the developer. If it is
impossible to negotiate the purchase of a property, the HRA would then use its
powers of condemnation.
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August 18, 1987
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