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, I I II" I, Da n i e 1 A. Ma i e r s , the duly qualified Director of Finance & Support Services/City Clerk of the City of New Brighton, County of Ramsey, State of Minnesota, do hereby certify that the foregoing is a true and correct copy of Resolution No.04-105 passed by the City Council on the l.4J:b day of December ,2004. '" '7 ~ " 11-- A / ~,' ,,- ./,/ // ,,~.~ ,.,." ,/ /~.'... ","" -.d?t/1t~l[.-t t-) i-.ttLC .....t .'V Director of Finance & Support Services/City Clerk EXHIBIT A TO RESOLUTION NO. 04-105 The reasons and facts supporting the findings for the Proposed Plan for the Proposed District pursuant to Minnesota Statutes, Section 469.175, Subdivision 3, are as follows: 1. Finding that the Proposed District is a "redevelopment district" as defined in Minnesota Statutes. The Proposed District consists of eleven parcels totaling approximately 804,565 square feet. Of this square footage, it has been determined that parcels comprising approximately 776,424 square feet are occupied by buildings, streets, utilities, paved or gravel parking lots or similar structures. This 96.50% area coverage exceeds the 70% coverage test required by Minnesota Statutes, Section 469.174, Subdivision 10(1). The Proposed District also contains five structures. Three of these structures, or 60%, have been determined to be "structurally substandard" because they contain defects in structural elements or a combination of deficiencies in essential utilities and facilities, light and ventilation, fire protection including adequate egress, layout and condition of interior partitions, or similar factors, which defects or deficiencies are of sufficient total significance to justify substantial renovation or clearance. This 60% satisfies the requirements of Minnesota Statutes, Section 469.174, Subdivision 10(1) which requires that over 50% of buildings, not including outbuildings, must be found "structurally substandard." It has further been determined that these conditions are reasonably distributed through the Proposed District. These findings and the conclusion that the Proposed District qualifies under the statutory criteria and formulas for a redevelopment tax increment financing district are further described in a Redevelopment Eligibility Assessment dated November 19, 2004 and prepared by Short Elliott Hendrickson, Inc. 5