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RESOLUTION NO. STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON ,a.. RESOLUTION'APPROVING'THE REDEVELOPMENT PLAN, THE FEASIBILITY OF RELOCATION, THE METHOD OF FINANCING, INCLUDING THE USE OF TAX INCREMENT FINANCING FOR THE REDEVELOPMENT PLAN, NEW BRIGHTON, MINNESOTA WHEREAS, it is desirable and in the public interest that the Housing and Redevelopment Authority in and for the City of New Brighton (herein called the "HRA") undertake and carry out a Redevelopment Project encompassing the area in the City of New Brighton, State of Minnesota (herein called the'Locality") as described by the attached legal description, Exhibit "A" which is made a part hereof;.and WHEREAS, in connection with the undertaking of a Redevelopment Project by the HRA pursuant to the Minnesota Municipal Housing and Redevelopment Act, Laws of Minnesota 1947, Chapter 487, as amended, it is required that the Redevelopment Plan for the project area be approved by the governing body of the municipality in which the project is located and that such approval includefindings by the governing body that: (1) the land in the project area would not be made available for redevelopment without the financial aid to be sought; (2) the redevelopment plans for the redevelopment areas in the locality will afford maximum opportunity, consistent with the sound needs of the locality as a whole, for the redevelopment of such areas by private enterprise; and (3) the redevelopment plan conforms to a general plan for the development of the locality as a whole; and WHEREAS, the HRA has made detailed studies of the location, physical condition of structures, land use, environmental influences, and social, cultural, and economic conditions of the project area and has determined that the area is a 'plighted, deteriorated and deteriorating area" as defined in the Minnesota Municipal Housing and Redevelopment Act (Laws Minn. 1947, Chapter 487, as amended - MSA Sec. 462.411 to 462.71 and is a blighted, deteriorating and deteriorated area in the locality .involved and a redevelopment area within the meaning of the Housing Act of 1949, as amended, and that it is detrimental and a menace to the safety, health.and welfare of the inhabitants and users thereof and of the locality at large, because of the presence in said area of buildings which by reason of dilapidation, obsolescence, over- crowding, faulty arrangement or design, lack of ventilation, light and sanitary facilities, excessive land coverage, deleterious land us6 and combinations of these and other factors, are detrimental to the safety, health, morals and welfare of the community, and the members of this governing body have been fully apprised by the HRA and are aware of these facts and conditions; and