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within 4 years of district certification or the site would be dropped from the district and no longer <br />�... eligible for TIF. <br />To retain our ability to use TIF staff has listed out the steps that the EDA/City would need to <br />follow in order to demolish a building prior to a redevelopment TIF District being established: <br />1) The EDA Board finds by resolution (adopted before demolition) that the parcel was <br />occupied by a structurally substandard building and that after demolition and clearance <br />the EDA intends to include the parcel within a TIF district; <br />2) The City Council adopts resolution and makes blight findings regarding the building <br />(based on report); <br />3) EDA and owner of property enter into a preliminary development agreement (before <br />demolition) regarding demolition of the buildings and redevelopment of the property. <br />The EDA is considering the substandard building findings and the preliminary development <br />agreement at their April 11, 2016 meeting. <br />RECOMMENDATION <br />Staff is recommending approval of Resolution No. 16-23. <br />ATTACHMENTS <br />1. Resolution No. 16-23 <br />2. LHB Recommendation March 27, 2015 <br />