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substandard building if (1) the parcel was occupied by a substandard building within three years of the filing of the request for certification of the parcel as part of the TIF District with the county auditor; (2) the substandard building was demolished or removed by the City, the demolition or removal was financed by the City or was done by a developer under a development agreement with the City; and (3) the City found by resolution, before the demolition or removal, that the parcel was occupied by a structurally substandard building and that after demolition and clearance the City intended to include the parcel within the district. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Roseville, Minnesota, as follows: 1. At least 70% of the area of each Parcel is occupied by the Buildings or other buildings, structures, utilities or other improvements. 2. The Buildings are "structurally substandard" within the meaning of Minnesota Statutes, Section 469.174, subdivision 10. The reasons and supporting facts for this determination are on file with the staff of the City. 3. The Buildings may be demolished by the various owners thereof pursuant to various development agreements with the City and the City may consider subsequently including the Parcels in a redevelopment tax increment district established pursuant to Minnesota Statutes, Section 469.174, subdivision 10, which TIF District, if established, shall be established within three years of the date hereof. 4. Upon filing the request for certification of the tax capacity of the Parcels as part of the TIF District, the City will notify the county auditor that the original tax capacity of the Parcels must be adjusted as provided in Minnesota Statutes, Section 469.177, subdivision 1, paragraph (f). The motion for the adoption of the foregoing resolution was duly seconded by Member Johnson, and upon a vote being taken thereon, the following voted in favor thereof: Johnson, Ihlan, Roe, and Klausing. and the following voted against the same: None. WHEREUPON said resolution was declared duly passed and adopted.