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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 /> <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 /> <br />The proposed development agreement does not bind the EDA and/or City to use of Tax <br />Increment Financing. Rather the City and Developer (owner) are agreeing cooperate with respect <br />to potential future redevelopment of the Property. The agreement sets for the conditions and for <br />consideration of city redevelopment assistance and responsibilities of each party. <br /> <br />The City Council will be considering the blight findings at their April 11, 2016 regular meeting. <br /> <br />RECOMMENDATION <br /> <br />Staff is recommending approval of Resolution No. 16-01 and Resolution No. 16-02. <br /> <br />ATTACHMENTS <br /> <br />1. Resolution No. 16-01 <br />2. LHB Recommendation March 27, 2015 <br />3. Resolution No. 16-02 <br />4. Preliminary Development Agreement <br /> <br />