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HomeMy WebLinkAbout01-21-03 y ~ ~ r.r CITY OF LAKEVILLE HOUSING AND REDEVELOPMENT AUTHORITY MEETING JANUARY 21, 2003 Acting Chair Luick called the meeting to order at 8:47 PM. Roll call was taken. Present: Commissioners Bellows, Luick, Rieb and Wulff. Commissioner Robert Johnson was absent. Also .present: Robert Erickson, Executive Director; Dennis Feller, Finance Director; and Judi Hawkins, Deputy Clerk.. MINUTES The minutes of the April 15, 2002 H.R.A. meeting were approved as presented. ITEM 3 Election of officers. During 2002, Lynette Mulvihill served as Chair, Bob Johnson served as Vice Chair, and Laurie Rieb served as Secretary. Following past practice, the current officers would ascend to a higher office, vacating the • Secretary position. The terms of all HRA members run concurrently with their terms on the City Council 03.01 Motion was made by Rieb, seconded by Wulff, to cast a unanimous ballot for the following slate of officers for 2003: Commissioner Johnson as Chair, Commissioner Rieb as Vice Chair and Commissioner Bellows as Secretary. Roll call was taken on the motion. Ayes: Bellows, Luick, Rieb, Wulff. ITEM 4 Commissioners are being asked to consider approving a resolution appointing. a Representative and an Alternate Representative to .the Lakeville Ames Ice Arena Advisory Committee. Currently, Commissioner Bellows serves as the HRA Representative, and Commissioner Rieb serves as the Alternate. Finance Director Dennis Feller serves as the City's Representative on the Ice Arena Advisory Committee, with Parks & Recreation Director Steve Michaud serving as Alternate. 03.02 Motion was made by Bellows, seconded by Wulff to approve Resolution No. 03- 01 Appointing Representatives to the Lakeville Ice Arena. Advisory Committee. • Roll call was taken on the motion.. Ayes: Luick, Rieb, Wulff, Bellows. HOUSING AND REDEVELOPMENT AUTHORITY MEETING JANUARY 21, 2003 PAGE 2 ITEM 5 Finance Director Dennis Feller stated that General Obligation Water Revenue Bonds were issued in 1984 to finance the construction of the Fairfield water tower and well #7 located on Kenrick Avenue. The bonds were repaid from water connection fees and eight years of tax increments from McStop First Addition and Super 8. The last increment from McStop was received in 1993 and the last payment on the bonds was February 1, 2002. 03.03 Motion was made by Wulff, seconded by Rieb to approve Resolution No. 03-02 Approving the Decertification by the Housing and Redevelopment Authority in and for the City of Lakeville of .its Tax Increment Financing District No. 1 (McStop). Roll call was taken on the motion. Ayes:. Rieb, Wulff, Bellows, Luick. ITEM 6 The HRA is being requested to approve a Resolution Amending Tax Increment Financing District Nat (Despatch Industries). The District was originally created • as a redevelopment project in 1980 to finance the demolition of the fire station on 207th Street and the construction of Fire Station #1 on 202nd and Holyoke. The demolition of the 207th Street fire station and sale of land to Despatch Industries enabled the plant to expand and increased employment opportunities. The TIF Plan was modified in April 1990 whereby the increment is appropriated to the General Obligation Improvement Bonds, which financed a proportionate share of storm water system improvements to accommodate the runoffs from the Despatch site and thereby eliminate the flooding in the business district. Minnesota Statute 469.175 subd. 4, requires cities to modify their tax increment budget if it receives more tax increment than was originally anticipated or if there is an increase in total estimated tax increment expenditures. Despatch Industries has generated increased tax increments due to increased property market values during the past decade. The proposed Resolution would increase the TIF revenues by $900,000 with a corresponding increase in debt service appropriations. The last increment from Despatch Industries TIF district will be received in 2008. 03.04 Motion was made by Rieb, seconded. by Wulff, to approve Resolution No. 03-03 Adopting the Amended Tax Increment Financing Plan for Tax Increment Financing District No. 1 (Despatch Industries). Roll call was taken on the motion. Ayes: Wulff, Bellows, Luick, Rieb. ~ ~ ~ E 4 ~ HOUSING AND REDEVELOPMENT AUTHORITY MEETING JANUARY 21, 2003 PAGE 3 There being no further business, Acting Chair .Luick ad}ourned the meeting at 8:57 PM. Respectfully submitted, ] Hawkins, Deputy Clerk .David Luick, Acting Chair •