HRA MINUTES 07311990 - Laserfiche WebLink

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• • C� H.R.A. Meeting July 31, 1990 page 3 I An associate of the City Attorney, Jerome Gilligan of Dorsey E 2 Whitney, prepared a letter responding to interest expressed in 4 the possible redevelopment of the Clark Gas Station site at Stinson Boulevard and 33rd Avenue. 5 The City Attorney, Bill Soth, reviewed portions of the letter he felt 7 were significant to the question of this redevelopment. R 9 During the 1990 Legislative Session additional restrictions were placed 10 on tax increment financing and creating.new tax increment financing 11 districts. Tax increment financing districts established after April 12 30, 1990 would reduce the City's state aid funds relative to the amount 13 by which State paid school aids would be reduced if the tax capacity i4 captured by the tax increment district were available to: the school 15 district. 16 1s Soth noted that the Clark Station site could possibly qualify as a redevelopment tax increment district if it could be determined that 19 the building is "structurally substandard." The City Attorney felt 20 it was questionable [ha`[ this conclusion could be reached. 21 22 Mr. Gilligan's letter stated it could be possible to use H.R.A. funds 23 which were not in the HRA General Fund nor were funds generated by 24 other tax increment districts of the H.R.A. to develop this site with - 25 out creating a another tax increment district. 26 27 Soth stated the H.R.A. could prepare the parcel for development and 78 demolish the building thereby qualifying the parcel for tax Increment 29 financing. He noted that since considerable time has elapsed since 30 this property was rezoned to residential, it probably could not revert 31 back to commercial use. 32 (33City Attorney Soth felt using the general funds of the H.R.A. would 34 be less restrictive and make it less difficult to find the "substandard" 35 aspect. 36 (37J The City Attorney recommended the City and the H.R.A. not acquire the 38 site, but rather find a developer to directly take title to the pro - 39 perty. This recommendation was based on the potential liability for 40 environmental clean up costs which may materialize in that this pro - 41 perty formerly housed a gas station. 42 43 Problems presently being experienced by the City of Roseville regarding 44 soil contamination were discussed. LS 46 It.was noted that the underground tanks were removed from this site 47 some time ago, but that no soil borings nor ground tests had been done 48 to determine the condition of the soil. 49 (50) Bill Soth suggested the property owner be contacted regarding any infor-