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Attachment B <br />1 EXTRACT OF MINUTES OF MEETING <br />2 OF THE <br />3 CITY COUNCIL OF THE CITY OF ROSEVILLE <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />� � � � � � � � � � � � � � � � � <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City <br />of Roseville, County of Ramsey, Minnesota was duly held on the 15 day of June, 2009, at <br />6:00 p.m. <br />The following members were present: <br />and the following were absent: <br />Member introduced the following resolution and moved its adoption: <br />RESOLUTION No. XXXXX <br />RESOLUTION MAHING CERTAINFINDINGS <br />WITH RESPECTTO SUBSTANDARD BUILDINGS IN THE <br />TWIN LAKES REDEVELOPMENT AREA <br />(REDEVELOPMENT PROJECT) <br />24 WHEREAS, the City of Roseville, Minnesota (the "City") may consider creating <br />25 a tax increment financing district including the parcels described on Exhibit A attached <br />26 hereto (the "Parcels") as a"redevelopment district" to encourage redevelopment of the <br />27 Parcels by private enterprise (collectively, the "Redevelopment Project"); <br />28 WHEREAS, the condition of certain substandard buildings also described on <br />29 Exhibit A attached hereto located on the Parcels (the "Buildings") may be demolished <br />30 prior to the creation of a tax increment financing district; <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />WHEREAS, Minnesota Statutes, Sections 469.174 to 469.1799 (the "Tax <br />Increment Act") provides that a City may create a tax increment financing district (the <br />"TIF District") as a"redevelopment district" if the City finds by resolution that parcels <br />consisting of 70% of the area of the TIF District are occupied by buildings, streets, <br />utilities or other improvements, and more than 50% of the buildings, not including out <br />buildings, are structurally substandard to a degree requiring substantial renovation or <br />clearance; <br />38 WHEREAS, Minnesota Statutes, Section 469.174, subdivision 10(d), provides, <br />39 among other things, that a parcel may be deemed to be occupied by a structurally <br />40 substandard building if (1) the parcel was occupied by a substandard building within <br />