Title
Rescinding participation in the Accelerated Forfeiture of Tax Delinquent Property under the Targeted Community Revitalization and Financing Program.
Body
WHEREAS, by resolution adopted in 1987 the City established certain policies and procedures for the allocation of Urban Revitalization Action Program (‘URAP”) funds including procedures to identify via 1980 United States Census data, neighborhoods having higher unemployment, lower median household income, and a greater proportion of substandard housing than the City as a whole; and
WHEREAS, to establish eligibility for financial assistance from the state of Minnesota for the purpose of implementing certain revitalization programs in URAP identified neighborhoods the City was required under Minn. Stat. § 469.202, Subd. 1 to designate “targeted communities” as meeting certain eligibility requirements set forth under Minn. Stat. § 469.202, Subd. 2; and
WHEREAS, using 2000 U.S. Census data, the City’s targeted communities’ boundaries were updated in 2003 under Council File 13-922; and
WHEREAS, within such targeted communities, pursuant to Minn. Stat. § 281.17(b), the statutory redemption period for all land not defined as “homesteaded” land under Minn. Stat. § 273.13, Subd. 2, could be accelerated from three (3) years to one (1) year and sold to the state of Minnesota at a tax judgment sale for nonpayment of property taxes; and
WHEREAS, at the time policies to aid neighborhood revitalization were initially adopted and thereafter, one of the City’s goals was to reduce the negative impact of tax delinquent and tax forfeited lands within targeted communities, through the utilization of the accelerated tax redemption period established under Minn. Stat. § 281.17; and
WHEREAS, the City now finds that concerns regarding properties having delinquent taxes or tax forfeited status shifted and has now been replaced by concerns that the active real estate market is now displacing the current residents of targete...
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