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CITY OF ST. ANTHONY - H.R.A. RESOLUTION 02 -0010 A RESOLUTION FINDING A PARCEL TO BE OCCUPIED BY A STRUCTURALLY SUBSTANDARD BUILDING WHEREAS, it has been proposed that the Housing and Redevelopment Authority for the City of St.Anthony Village,Minnesota, (the"HRA"),create a tax increment financing district in an area within the City to be designated a redevelopment district as defined in Minnesota Statutes, Section 469.174, Subd. 10; and WHEREAS, in order to create this type of tax increment financing district,the HRA must make a determination that before the demolition or removal of the substandard buildings,certain conditions existed; and WHEREAS, the conditions found by the HRA to exist throughout the proposed tax increment financing 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 HRA 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 HRA intended to include the parcel within the proposed tax increment financing district; and WHEREAS, there exists in the City on each parcel or parcels described in Exhibit A attached hereto (collectively, the "Parcel")one or more structurally substandard buildings to be demolished or removed"the "Substandard Building Condition"); and WHEREAS, a parcel deemed to be occupied by a structurally substandard building if the Substandard Building Condition is met within three years of the filing of the request for certification of the parcel as part of the tax increment financing district with the county auditor; and if certain other conditions are met. NOW,THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority of the City of St. Anthony Village that 15%of the area of the Parcel identified on Exhibit A attached hereto contains the improvements and is occupied by one or more structurally substandard buildings and that after demolition and clearance the HRA intends to include this parcel within the proposed tax increment financing district. Adopted this day of ,2002. H.R.A. Chair H.R.A. Executive Director