RES 82-030 RESOLUTION TO DESIGNATE AND ESTABLISH A REDEVELOPMENT/HOUSING DISTRICT NO. 1 PURSUANT TO THE PROVSIONS OF SECTION 462 OF THE MINNESOTA STATUTES AND ESTABLISH A TAX INCREMEMNT DISTRICT PURSUANT TO THE PROVISIONS OF SECTION 273.71 TO 273.78 INCLU

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-2- WHEREAS , at said public hearing, all persons and parties were given full opportunity to present written or oral testimony , comments , • objections , suggestions , and other matters , all of which were duly considered by the City Council; and WHEREAS,- the HRA is prepared for the revocation of individuals , families and businesses that may be displaced as a result of carrying out of this project; and WHEREAS , the tax increment financing .plan will afford maximum opportunity consistent with the sound needs of the municipality as a whole for the redevelopment of the district by private enterprise; and WHEREAS , the tax increment financing plans conforms to the general plan for the redevelopment -of the Kenzie Terrace areaand municipality as a whole; and WHEREAS , the City. Council of the City of St. Anthony , Minnesota, finds that the proposed tax increment financing district is a housing or redevelopment district, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ST. ANTHONY, does hereby designate and establish -Redevelopment District Number 1 and Housing- District Number 1- and a tax increment district, adopts a Finance Plan and Development - Program for said tax increment housing/redevelopment district and finds : (1) That the project comprising the proposed -tax increment financing district is a redevelopment project and/or housing project intended for the purpose of : (a) housing project, providing occupancy, in part, by persons or families of low and moderate income as defined in Chapter 462A, title II of the National Housing Act of 1934 , the National Housing .Act..of 1959 , the United . States Housing Act of 1937 , as amended , title .V of the Housing Act of 1949 , as amended, any other .similar present or future Federal , State or Municipal legislation, or the regulations promulgated under any of these acts . (b) a redevelopment project, , for the reason the land within this district is predominantly occupied by buildings , streets , utilities , and other improvements and where 200 of the build- ings have been found to be structurally substandard and where an . additional 300 of the buildings have been found to require substantial renovation or clearance in order to remove such existing conditions as : inadequate street layout; incompatible uses of- land or land use relationships ; over- crowding of buildings .on the land; obsolete buildings not suitable for improvement or conversion; , and other identified hazards to the health, safety and general well-being of the community as a whole.