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KRASS MONROE, P.A. ATTORNEYS AT LAW Gay Greiter, Esq. James R. Casserly, Esq. Email: ggreiter@krassmonroe.com Email: jcasserly@krassmonroe.com Direct (952) 885-4393 Direct (952) 885-1296 MEMORANDUM To: City of Roseville Attn: Cathy Bennett, Economic Development Specialist Attn: Dennis Welsch, Community Development Director From: Gay Greiter, Esq. James R. Casserly, Esq. Date: July 8, 2004 Re: Wu Condemnation/Structurally Substandard Resolutions Our File No. 11637-3 Attached you will find a resolution for the HRA and a resolution for the City which declare your intent to include the Wu parcel, with its structurally substandard building, in a tax increment financing district. Note that adoption of these resolutions does not obligate the HRA and the City to create a district or to include the Wu parcel in a district, but rather merely preserves the status of the parcel for purposes of qualification for inclusion in a district. The Tax Increment Act permits a municipality to demolish a substandard building on a parcel, and yet have the parcel be deemed to still contain the substandard building for purposes of qualifying the parcel for future inclusion in a redevelopment tax increment financing district, as long as the requirements of Minnesota Statutes, Section 469.174, Subd. 10(d) are met. These requirements include: (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 district with the county auditor; (2) The substandard building was demolished or removed by the municipality or the demolition or removal was financed by the municipality or was done by a developer under a development agreement with the municipality; and 8000 NORMAN CENTER DRIVE, SUITE 1000 MINNEAPOLIS, MINNESOTA 55437-1178 TELEPHONE 952/885-5999 FACSIMILE 952/885-5969 www.krassmonroe.com