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HomeMy WebLinkAbout24-142 - ADMIN Resolution - City Council - 2024/11/04 Resolution No. 24 -142 Designating building as structurally substandard Whereas, under Minnesota Statutes, Section 469.174, subdivision 10(d), the City of St. Louis Park, Minnesota or the St. Louis Park Economic Development Authority (the “authority”) is authorized to deem parcels as occupied by structurally substandard buildings before the demolition or removal of the buildings, subject to certain terms and conditions as described in this resolution; and Whereas, the authority is considering creating a tax increment financing district on property within the city including the property described in Exhibit A attached hereto (collectively, the “property”) to be designated a redevelopment district (the “proposed TIF district”) as defined in Minnesota Statutes, Section 469.174, Subd. 10 (the “redevelopment district act”); and Whereas, in order to designate the property as part of a redevelopment tax increment financing district pursuant to the redevelopment district act, the authority must find that (1) 70% of the property within the proposed TIF district are occupied by buildings, streets, utilities, paved or gravel parking lots, or other similar structures, and (2) more than 50% of the buildings, not including outbuildings, are structurally substandard to a degree requiring substantial renovation or clearance (“substandard building condition”); and Whereas, under Minnesota Statutes, Section 469.174, subdivision 10(d), the authority is authorized to deem parcels as occupied by structurally substandard buildings before the demolition or removal of buildings if it finds by resolution that the parcel is occupied, for purposes of the redevelopment district act, by a structurally substandard building or that a parcel meets the requirements of paragraph (e) of the redevelopment district act and that following demolition or removal, the authority intends to include the parcel within a redevelopment district; and Whereas, the authority obtained a blight study for the property and determined that the building located thereon meets the substandard building conditions; and Whereas, under the redevelopment district act, a parcel is deemed to be occupied by a structurally substandard building if substandard building conditions exists within the period up to 3 years prior to 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 city council of the City of St. Louis Park, Minnesota as follows: 1. The city finds that the building is structurally substandard to a degree requiring substantial renovation or clearance, based upon the analysis of such buildings by LHB, Inc. in a report dated February 28, 2022 and on file in city hall. Docusign Envelope ID: 74DD26EE-DF11-4148-A89C-B25C733908E8 2. Based on the inspection report and other information available to the city council, the city finds that: (a) the substandard building is structurally substandard within the meaning of the redevelopment district act, paragraph (b), because it contains defects in structural elements or a combination of deficiencies in essential utilities and facilities, including plumbing and electrical, light and ventilation, fire protection including adequate egress, or similar factors which defects or deficiencies are of sufficient total significance to justify substantial renovation or clearance; and (b) that the substandard building is not in compliance with the building code applicable to new buildings and could not be modified to satisfy the building code at a cost of less than 15% of the cost of constructing a new structure of the same square footage and type on the property. The reasons and supporting facts for this determination are included in, and the city has relied on the finding set forth in, the inspection report. The city has further determined that there have been no improvements to the substandard building since the date of the inspection report. 3. After the date of approval of this resolution, the building on the property may be demolished or removed by the authority, or such demolition or removal may be financed by the authority or may be undertaken by a developer under a development agreement with the authority. 4. The authority intends to include the property in a redevelopment tax increment financing district, and to file the request for certification of such district with the Auditor/Treasurer of Hennepin County, Minnesota, as the county auditor (the “county auditor/treasurer”), within three (3) years after the date of demolition of the buildings on the property. 5. Upon filing the request for certification of the new tax increment financing district, the authority will notify the county auditor/treasurer that the original tax capacity of the property must be adjusted to reflect the greater of (a) the current net tax capacity of the parcel, or (b) the estimated market value of the parcel for the year in which the buildings were demolished or removed, but applying class rates for the current year, all in accordance with Minnesota Statutes, Section 469.174, subdivision 10(d). 6. City staff and consultants are authorized to take any actions necessary to carry out the intent of this resolution. Reviewed for administration: Adopted by the city council November 4, 2024: Kim Keller, city manager Nadia Mohamed, mayor Attest: Melissa Kennedy, city clerk Docusign Envelope ID: 74DD26EE-DF11-4148-A89C-B25C733908E8 EXHIBIT A Potential property to be included in redevelopment TIF district 5950 36th Street W Parcel ID 16-117-21-34-0610 Docusign Envelope ID: 74DD26EE-DF11-4148-A89C-B25C733908E8