Agenda - Council - 06/14/2022 - Laserfiche WebLink

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The TIF Analysis for Findings for 6336 Highway 10 has been completed by LHB. All qualifying buildings (2) on site have been confirmed as substandard and would be allowed to be considered as part of a future Redevelopment TIF District. A copy of the report is attached to this case. A Resolution Making Certain Findings with Respect to Substandard Buildings is needed to the adopted by the City Council to complete the TIF eligibility process. This Resolution has been reviewed by Ehlers and TAFT and satisfies the state statutory requirement. This resolution also gives the City Council the flexibility to use part of the 4M of funds committed to the Hwy 10 project to be spent on the demolition costs associated with 6336 Hwy 10. The City Council is not bound to use funds on this cost, it only gives flexibility to do so if chooses. Future discussion on how best to allocate the 4M for the Hwy 10 project will likely be discussed at a future work session. Eventually a JPA will be entered into with Anoka County outlining where the City contribution will be allocated. Subsequent resolutions could be presented to the City Council in the future for Substandard Findings of other parcels in the area and costs associated with acquisition or demolition of these parcels to allow these parcels to be eligible for entry into the TIF District. Funding Source: The funding source for the demolition costs is to be determined at a later date. The cost of the demolition will only be known after Anoka County completes the demolition. Possible funding sources could include: 1)Part of 4M city contribution to Hwy 10 Gateway Project 2)EDA unencumbered funds 3) Other Funding Sources Staff wants to emphasize that this action does not bind the City Council to pay for the demolition costs; it just gives the City the option to do so. Alternatives Include: 1)Adopt Resolution#22-129 Making Certain Findings With Respect to Substandard Buildings (as presented) 2)Adopt Resolution#22-129 Making Certain Findings With Respect to Substandard Buildings (with changes) 3) Something else Recommendation: Staff recommends Adoption of Resolution#22-129 Making Certain Findings With Respect to Substandard Buildings (as presented) Action: Motion to Adopt Resolution#22-129 Making Certain Findings With Respect to Substandard Buildings (as presented) Attachments ACTION-Resolution#22-129 LHB Letter of Findings for 6336 Hwy 10 NW Reference -Probability Map for Substandard Buildings Reference - 9.12.19 EDA Staff Memo Reference - 9.12.19 EDA minutes Form Review Inbox Reviewed By Date Brian Hagen Brian Hagen 06/08/2022 08:04 PM Form Started By:Sean Sullivan Started On:05/31/2022 03:32 PM Final Approval Date:06/08/2022