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I I', - I II 'I, ouneil Member Eu rq introduced the following resolution, the reading of hich was dispensed with by unanimous consent, and moved its adoption: CITY OF NEW BRIGHTON COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 04-108 A RESOLUTION DETERMINING THAT A CERTAIN PARCEL IS OCCUPIED BY STRUCTURALLY SUBSTANDARD BUILDINGS AND IS TO BE INCLUDED IN A TAX INCREMENT FINANCING DISTRICT BE IT RESOLVED, by the City Council (the "Council") of the City of New Brighton, innesota (the "City") as follows: Section 1. Recitals. 1.01. The City has acquired the following parcel (the "Parcel") for redevelopment: Address: PIN: 75 - 14th Street NW and 119 - 14th Street NW 21-30-23-32-0010 1.02. Minnesota Statutes, Sections 469.174 through 469.1799, inclusive, as mended and supplemented from time to time (the "Tax Increment Act") provides for the stablishment of a tax increment financing district as a redevelopment district. The Tax I crement Act allows for the inclusion of parcels within a redevelopment tax increment nancing district after the substandard building or buildings have been demolished or emoved by complying with Minnesota Statutes Section 469.174, Subd. 10(d). Section 2_ Findinqs. 2.01. The Council hereby finds that the Parcel is part of Development District No.1. 2.02. The Council hereby finds that the acquisition and redevelopment of the arcel furthers the goals and objectives of the Development Program. 2.03. The Council hereby finds that the Parcel is occupied by a structure or tructures that are structurally substandard, as defined in the Tax Increment Act and escribed in the blight report on file with the City, and that the structure or structures must e demolished and removed from the Parcel.