Title
RESOLUTION OF THE DULUTH ECONOMIC DEVELOPMENT AUTHORITY FINDING A PARCEL IS OCCUPIED BY STRUCTURALLY SUBSTANDARD BUILDINGS AND MEETS THE REQUIREMENTS OF A REDEVELOPMENT TAX INCREMENT FINANCING DISTRICT UNDER MINNESOTA STATUTES ?469.174, SUBD. 10
Body
WHEREAS, it has been proposed that Duluth Economic Development Authority ("DEDA") create a tax increment financing district in an area within the City of Duluth, Minnesota (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, DEDA must make a determination that, before the demolition or removal of any substandard buildings, 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, that more than 50 percent of the buildings, not including outbuildings, are structurally substandard to a degree requiring substantial renovation or clearance and that said conditions exist throughout the proposed district; and
WHEREAS, in order to deem a parcel as being occupied by a structurally substandard building, DEDA must find by resolution that the parcel is occupied by one or more structurally substandard buildings and that after demolition and clearance DEDA intends to include the parcel within the proposed tax increment financing district; and
WHEREAS, there exists in the City on the parcels described in Exhibit A attached hereto (the "Parcels") one or more structurally substandard buildings to be demolished or removed (the "Substandard Building Condition"); and
WHEREAS, a parcel is deemed to be occupied by a structurally substandard building if DEDA has found that the Substandard Building Condition existed 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 i...
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