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2008 HRA Resolutions 08-03 Resolution 08-03 November 10, 2008 Commissioner Shaffer introduced the following resolution and moved its adoption: RESOLUTION ADOPTING THE REDEVELOPMENT PLAN FOR DOUGLAS DRIVE CORRIDOR REDEVELOPMENT PROJECT AREA BE IT RESOLVED by Housing and Redevelopment Authority of the City of Golden Valley, Minnesota (the "Authority"), as follows: 1. Proiect Plan Review. The Authority has reviewed the Redevelopment Plan (the "Project Plan") for the Douglas Drive Corridor Redevelopment Project Area (the "Redevelopment Project"), which is attached hereto as ExhibitA. 2. Adoption. The Project Plan is hereby adopted, subject to approval by the Planning Commission and the City Council as provided in Section 4, based on the findings in Section 3 hereof 3. Findinqs for Approval of Proiect Plan. The Authority hereby makes the following findings: 3.01. The Project Plan proposes 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 could 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. 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. 4. Transmittal. The Authority does hereby transmit the Project Plan to the Golden Valley Planning Commission to affirm the findings of the Authority in Section 3.04, and to Golden Valley City Council for approval after the same has been considered by the Council Resolution 08-03 continued November 10,2008 subsequent to a public hearing to be held in accordance with Minnesota Statutes, Chapter 469. 5. Filing. Following approval by the City Council, the Director is hereby authorized and directed to file the Project Plan with the Commissioner of the Minnesota Department of Revenue and the Office of the State Auditor pursuant to Minnesota Statutes, Section 469.175, subdivision 4a. rcuJ~ Paula Pentel, Chair ATTEST: ~ ' Thomas D. Bu~ctor The motion for the foregoing resolution was seconded by Commissioner Freiberg, and upon a roll call vote being taken thereon, the following voted in favor thereof: Freiberg, . Loomis, Pentel, Scanlon and Shaffer; the following voted against the same: none; whereupon said resolution was adopted, signed by the Chair and her signature attested by the Director.