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EDA RESOLUTION 19 -EDA -326 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY RAMSEY COUNTY STATE OF MINNESOTA RESOLUTION OF THE MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY FINDING PARCELS ARE OCCUPIED BY STRUCTURALLY SUBSTANDARD BUILDINGS OR STRUCTURES AND MEET THE REQUIREMENTS FOR A REDEVELOPMENT TIF DISTRICT UNDER MINNESOTA STATUTES, SECTION 469.174, SUBD. 10 WHEREAS, it has been proposed that the Economic Development Authority for the City of Mounds View, Minnesota, (the "EDA"), create a tax increment financing district in an area within the city of Mounds View (the "City") to be designated a redevelopment district as defined in Minnesota Statutes, Section 469.174, Subd. 10 (the "TIF District"); and WHEREAS, in order to create this type of TIF District, the EDA must make a determination that before the demolition or removal of any substandard buildings, certain conditions exist; and WHEREAS, the conditions found by the EDA to exist throughout the proposed TIF District are that parcels consisting of 70 percent of the area of the district are occupied by buildings, streets, utilities, paved or gravel parking lots, or other similar structures and more than 50 percent of the buildings, not including outbuildings, are structurally substandard to a degree requiring substantial renovation or clearance; and WHEREAS, in order to deem a parcel as being occupied by a structurally substandard building, the EDA must first pass a resolution before the demolition or removal that the parcel was occupied by one or more structurally substandard buildings and that after demolition and clearance the EDA intended to include the parcel within the proposed tax increment financing district; and WHEREAS, there exists in the City on the parcels located at 4889 Old Highway 8, Mounds View, MN, PID #'s 17.30.23.14.0001 and 17.30.23.14.0002 (collectively, the "Parcel") a structurally substandard building to be demolished or removed (the "Substandard Building Condition"); and WHEREAS, a parcel is deemed to be occupied by a structurally substandard building if the parcel was occupied by a substandard building or met the criteria of Minnesota Statutes, section 469.174, Subd. 10(e) within three years of the filing of the request for certification of the parcel as part of the district with the county auditor, in addition to other requirements as are required by law. NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners for the Mounds View Economic Development Authority that: 1. The Board has received from LHB, Inc, the "TIF ANALYSIS FINDINGS FOR 4889 OLD HIGHWAY 8", dated June 20, 2019 (the "Inspection Report"), finding that, based on an inspection of the building located on the Parcel, such building was determined to be substandard under the definition set forth in the Minnesota Statutes, Sections 469.174 to 469.1794, as amended (the "TIF Act"). Based on the Inspection Report and other information available to the EDA, the EDA finds that the building on the Parcel is structurally substandard to a degree requiring substantial renovation or clearance. 587440v3MU205-49