City Council Meeting Date: December 7, 2021
To: Mayor and City Council
City Administrator
From: Nate Carlson, Economic Development Coordinator
Mitzi Baker, Community Development Director
Title
Consider Resolution Designating a Certain Building as Structurally Substandard - Archer House.
Body
Action Requested:
The Northfield City Council approves Designating a Certain Building as Structurally Substandard - Archer House, to reserve the option to use Tax Increment Financing in the future.
Summary Report:
The item before the Council is to consider deeming the Archer House a "substandard building" as defined in State law related to making it eligible for Tax Increment Financing as a redevelopment district. This item is not an authorization for partial or full demolition, and is distinct from the item under consideration by the HPC. This action item is necessary to consider Tax Increment Financing in the future. The attached resolution is a required action prior to a Redevelopment Tax Increment Financing (TIF) District being established. See State Resolution 469.174 Subd. 10. Redevelopment District. https://www.revisor.mn.gov/statutes/cite/469.174>.
It is best practice that the City contracts with a consultant that conducts a report for the Council to review. In this case, City staff contracted with LHB to complete the work. This consultant was also retained for the redevelopment report required for the properties that existed on the site of the 5th Street Lofts TIF request.
The developer/owner has notified City staff that they intend to apply for TIF assistance in the future. In order to maintain this option in the future, the resolution deeming the building substandard must take place before demolition. The City's Financial Adviser, Nick Anhut with Ehler's, has provided a memo to Council that provides detail of the future action. Additionally, in order to initiate the "but for" test required for TIF assistance, the developer/owner is required to ent...
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