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17-04 - 07-11 - Modifications to Redevelopment Plan Douglas Dirve area Resolution 17-04 July 11, 2017 Commissioner Harris introduced the following and moved its adoption: RESOLUTION OF THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF GOLDEN VALLEY, HENNEPIN COUNTY, MINNESOTA ADOPTING MODIFICATIONS TO THE REDEVELOPMENT PLAN FOR THE DOUGLAS DRIVE CORRIDOR PROJECT AREA BE IT RESOLVED by Housing and Redevelopment Authority in and for the City of Golden Valley, Minnesota (the "Authority"), as follows: 1. Project Plan Review. The Authority has reviewed the Redevelopment Plan (the "Project Plan") for the Douglas Drive Corridor Redevelopment Project Area (the "Redevelopment Project") attached hereto. 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. Findings for Approval of Project 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 Redevelopment Project 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 or will conform to the general plan for the development or redevelopment of the City as a whole as proposed to be modified. The redevelopment activities will be subject to obtaining necessary land use approvals. 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 17-04 -2- July 11, 2017 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 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. Andy S pe, Chair ATTEST: .4"01� Tim thy ruikshank, Executive Director The motion for the adoption of the foregoing resolution was seconded by Commissioner Fonnest upon a vote being taken thereon, the following voted in favor thereof: Fonnest, Harris, Schmidgall and Snope, and the following voted against the same: Clausen, whereupon said resolution was declared duly passed and adopted, signed by the Chair and his signature attested by the Executive Director.