HomeMy WebLinkAbout00-07HOUSING AND DEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF LAKEVILLE
COUNTY OF DAKOTA
STATE OF MINNESOTA
RESOLUTION NO. 00-7
BEING A RESOLUTION APPROVING THE DECERTIFICATION BY THE
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF
LAKEVILLE OF ITS TAX INCREMENT FINANCING DISTRICT NO. 15
(CENTURY REFINING)
WHEREAS, the Housing and Redevelopment Authority in and for the City of Lakeville,
Minnesota (the "Authority") and the City of Lakeville (the "City"), have the legal
authority to create Redevelopment Projects pursuant to Minnesota Statutes, Section
469.001 to 469.047, inclusive, and to create Tax Increment Financing Districts within
such Redevelopment Projects pursuant to Minnesota Statutes, Sections 469.179,
inclusive.
WHEREAS, pursuant to a Redevelopment Plan (the "Redevelopment Plan") and a Tax
Increment Financing Plan (the "Tax Increment Plan") dated September 6, 1994, the
Authority and the City modified Airlake Redevelopment Project No. 1 (the "Project") and
created Tax Increment Financing District No. 15 (the "District"); and
WHEREAS, all public redevelopment costs contemplated to be paid using tax increment
generated from the district have either been paid or the Authority will have sufficient funds
on hand, including tax increment generated from the District to pay the remaining public
redevelopment costs contemplated by the Redevelopment Plan and Tax Increment
District, and the Authority has determined that it is desirable and appropriate to decertify
the District early.
NOW THEREFORE BE IT RESOLVED by the Board of Commissioners of the
Authority that the District is hereby terminated and the Executive Director of the
Authority is hereby directed to furnish the City Council of the City with a copy of this
Resolution and to take all other actions including notifying the County Auditor of Dakota
County, necessary to decertify the District.
DATE: November 20, 2000
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Chairman
ATTESNO
Executive Director