Title
Adopting the findings of fact related to demolition of buildings located in the Beacon Bluff Business Center.
Body
WHEREAS, the City of Saint Paul (the "City") has been advised that the Port Authority of the City of Saint Paul (the "Port Authority") is considering the establishment of a redevelopment tax increment financing district encompassing the land generally known as the former 3M campus (the "District"); and
WHEREAS, prior to certification of the District, the City Council of the City of Saint Paul (the "City Council") is required to make the findings required by Minnesota Statutes Section 469.175, Subd. 3, including the reasons and facts supporting the determination that the District meets the statutory requirements for a redevelopment district; and
WHEREAS, the City has been further advised that, prior to certification of the District, and for health and safety reasons, the Port Authority intends to demolish the two buildings (collectively the "Buildings") located on property to be included in the District; and
WHEREAS, as set forth in a resolution adopted by the Port Authority on August 23, 2011, a copy of which is attached hereto as Exhibit A (the "Port Authority Resolution"), the Port Authority has determined that the Buildings are "structurally substandard" and that the parcel located at 860 East Bush Avenue meets the 15% coverage test, all within the meaning of Minnesota Statutes, Section 469.174, subdivision 10, all as described in greater detail in the Port Authority Resolution, and in the Compass Rose Reports and attached thereto; and
WHEREAS, the City has made its own independent investigation of the condition of the Buildings, and a staff report sets forth the findings of the investigation ("City Report"); and
WHEREAS, the City Council, in reliance on the information provided to it by the Port Authority, including but not limited to the Compass Rose Reports attached to the Port Authority Resolution, and its own investigation...
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