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HomeMy WebLinkAbout1992-073 CCR1 1 Member Dave Rosene resolution and moved its adoption: RESOLUTION NO. 92 -73 RESOLUTION REGARDING LEGISLATION ADOPTING NEW FINANCING TOOLS FOR REDEVELOPMENT WHEREAS, the City of Brooklyn Center has completed a comprehensive planning process to identify needs and issues relative to housing and economic development in the City of Brooklyn Center; and WHEREAS, these plans have identified a variety of issues and needs including the following: FOR SINGLE FAMILY HOUSING introduced the following 1. Changing demographics resulting in a shrinking first time home buyer market and the need to stay competitive for the first time home buyer market. 2. Meeting the needs of an aging housing stock and the need for substantial rehabilitation of single family homes and the necessary financing for rehabilitation. 3. The creation of home ownership opportunities, including new home construction, for the greatest possible number of people and the necessary financing for these opportunities. 4. The need for comprehensive neighborhood preservation, including livability of neighborhoods, maintenance of public services, neighborhood and City promotion and resident involvement in neighborhood preservation strategies. FOR MULTI FAMILY HOUSING 1. Recognition of demographic changes resulting in a decrease in demand for rental housing and the resulting oversupply of rental housing. 2. Preservation and maintenance of rental housing stock in the face of increasing obstacles to rental housing investment. 3. Maintenance of desirable housing for renters with necessary provision of supportive services, particularly for families and low and moderate income persons. RESOLUTION NO. 92 -73 FOR ECONOMIC DEVELOPMENT 1. Maintenance of the City of Brooklyn Center's position as a leading retail center including continuation of Brookdale Mall as a regional retail center. 2. Redevelopment of key commercial /industrial areas within the City. 3. Focusing efforts on business expansion and retention within the local economy. WHEREAS, the need to address the above described issues is of the highest priority for the City of Brooklyn Center; and WHEREAS, one of the major factors in successfully responding to these housing and economic development issues is the availability of financial resources; and WHEREAS, existing municipal, state and federal programs for housing and economic development are not adequate to provide the level of financial resources or flexibility to adequately address the housing and economic development needs as identified by the City's housing and economic development plans; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center as follows: 1. It is the belief of the City of Brooklyn Center that cities have the primary responsibility for meeting housing and economic development needs in their jurisdiction. 2. Cities should be granted sufficient authority and flexibility to meet the unique local needs of housing and economic development as defined by local plans. 3. There is a great need for additional funding sources beyond cities' existing revenue sources to allow cities to meet local housing and economic development needs and objectives and that these financial resources could include State grants, State bonds, additional HRA or EDA levy authority, special levies for housing and removal of limitations on tax increment financing. 4. Access to funding for municipal housing and economic development programs should be based on needs established by a local planning process. 5. Any future funding resources or tools for housing or economic development created by the State should 1 1 RESOLUTION NO. 92 -73 BE IT FURTHER RESOLVED that the City staff is hereby directed to forward this resolution to the City of Brooklyn Center's State legislative representatives and that the City's legislative representatives are encouraged to consider the local needs expressed in this Resolution in the development of any future legislation regarding housing and economic development. April 13, 1992 Date ATTEST: take into account the needs identified by local housing and economic development plans. P r Deputy Cler Todd Paulson, Mayor The motion for the adoption of the foregoing resolution was duly seconded by member Philip Cohen and upon vote being taken thereon, the following voted in favor thereof: Todd Paulson, Dave Rosene, and Philip Cohen; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.