HomeMy WebLinkAbout02-04Commissioner
moved its adoption.
Luick
introduced the following Resolution and
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF LAKEVILLE
COUNTY OF DAKOTA
STATE OF MINNESOTA
RESOLUTION NO. 02-4
RESOLUTION AUTHORIZING THE CITY COUNCIL OF
THE CITY OF LAKEVILLE TO UNDERTAKE CERTAIN
DEVELOPMENT ACTIVITIES IN CONNECTION WITH TAX
INCREMENT FINANCING DISTRICT NO. 10 WITHIN
1-35 REDEVELOPMENT PROJECT NO. 1
BE IT RESOLVED, by the Housing and Redevelopment Authority (the
"Authority") in and for the City of Lakeville, Minnesota (the "City") as follows:
Section 1. Recitals.
1.01 The Authority and the City have heretofore approved the establishment of
the 1-35 Redevelopment Project No. 1 within the City (the "Project") and the
establishment of the Tax Increment Financing District No. 10 (the "District") within the
Project, and have approved a Redevelopment Plan, as modified, for the Project (the
"Redevelopment Plan") and a Tax Increment Financing Plan for the District (the "Tax
Increment Financing Plan").
1.02 The Redevelopment Plan and Tax Increment Financing Plan contemplate
that the Authority and City would assist development within the District (commonly
known as Fairfield Business Park) by defraying all or a portion of the public
redevelopment costs identified in the Redevelopment Plan and Tax Increment
Financing Plan.
1.03 Coons Family, LLC, d/b/a Advanced Wireless Communication (the
"Company") proposed to undertake a project (the "Advanced Wireless Project") within
part of the Fairfield Business Park platted as Lot 2, Block 1, Fairfield Business Campus
2"d Addition, consisting of the acquisition of land from the City and the construction and
furnishing thereon of a building.
1.04 The Company has proposed that the Authority and City assist the
Advanced Wireless improvements by providing the land at a reduced cost.
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1.05 Pursuant to Minnesota Statutes, Sections 469.001 through 469.047, and
Sections 469.174 through 469.179 (the "Acts"), the Authority has the primary
responsibility for administering the Project and the District, and for undertaking the
activities necessary to carry out the Redevelopment Plan and Tax Increment Financing
Plan. In the instant case, since the City owns the Fairfield Business Park property, it is
determined to be necessary and desirable for the Authority to authorize the City to
undertake, on behalf of the Authority, the public redevelopment activities required in
connection with the Advanced Wireless Project.
Section 2. Authorization to City.
2.01 The Authority, pursuant to the provisions of the Acts and particularly
Section 469.041, Minnesota Statutes, hereby authorizes the City, on behalf of the
Authority, to undertake all public redevelopment activities in connection with the
redevelopment of the Fairfield Business Park which the Authority could itself undertake
pursuant to the Acts, the Redevelopment Plan and Tax Increment Financing Plan,
including, without limitation, the entering into contracts for the work necessary or
desirable in connection with the Advanced Wireless Project and entering into a Contract
for Private Redevelopment or similar agreement with the Company setting forth the
terms and conditions upon which the Authority and City will provide assistance to the
Advanced Wireless Project.
2.02 A copy of this Resolution shall be forwarded to the Council and be placed
on file in the office of the City Clerk.
ADOPTED this 1st day of Anril , 2002.
The motion for the adoption of the foregoing Resolution was duly seconded by
Commissioner Rieb , and upon vote being taken thereon, the
following voted in favor thereof: Johnson, Mulvihill, Rieb, Luick, Bellows , and
the following voted against the same: N/A ,
whereupon said Resolution was declared passed and adopted.
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