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HomeMy WebLinkAbout99-123 ~i { CERTIFICATION OF MINUTES • Governmental Unit: City of Lakeville, Minnesota Governing Body: City Council Kind, date, time and place of meeting: A regular meeting held May 17,1999, at 7:00 o'clock P.M., at the City Hall, Lakeville, Minnesota. Members present: Ryan, Zaun, Sindt, .Mulvihill, Luick Members absent: Documents Attached: Minutes of said meeting (including): RESOLUTION NO. 99-123 RESOLUTION CALLING FOR A PUBLIC HEARING ON AN AMENDMENT TO INTEREST REDUCTION PROGRAM AND HOUSING DEVELOPMENT PROJECT PLAN AND TO TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 8 I, the undersigned, being the duly qualified and acting recording officer of the public corporation issuing the bonds referred to in the title of this certificate, certify that the documents attached hereto, as described above, have been carefully compared with the original records of said corporation in my legal custody, from which they have been transcribed; that said documents are a correct and complete transcript of the minutes of a meeting of the governing body of said corporation, and correct and complete copies of all resolutions and other actions taken and of all documents approved by the governing body at said meeting, so far as they relate to said bonds; and that said meeting was duly held by the governing body at the time and place and was attended throughout by the members indicated above, pursuant to call and notice of such meeting given as required by law. WITNESS my hand officially as such recording officer this 17 day of May, 1999. City Clerk • d Councilmember Sindt introduced the following resolution and moved its adoption, which motion was seconded by Councilmember Luick RESOLUTION CALLING FOR A PUBLIC HEARING ON AN AMENDMENT TO INTEREST REDUCTION PROGRAM AND HOUSING DEVELOPMENT PROJECT PLAN AND TO TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 8 WHEREAS, the Housing and Redevelopment Authority of the City of Lakeville (the "Authority") has heretofore prepared and approved an Interest Reduction Program and Housing Development Project Plan, as amended through Modification No. 4 (the "Existing Project Plan") and a Tax Increment Financing Plan, as amended through Modification No. 4 (the "Existing TIF Plan") for Tax Increment Financing District No. 8 in the City of Lakeville (the "TIF District"), all pursuant to Minnesota Statutes, Sections 469.001 through 469.047 and Sections 469.174 through 469.179 (collectively, the "Act"); and WHEREAS, the Authority now proposes to amend the Existing Project Plan and the Existing TIF Plan to (i) expand the Project Area (but not the TIF District) to take in additional property to be acquired and developed (initially, in part, into an arts/cultural center and potentially into additional housing and related uses) and (ii) amend the budget for the TTF District to provide funding for a portion of the cost of the foregoing acquisition and improvement; and WHEREAS, the Authority has reviewed and approved a draft of amendments (Modification No. 5) to the Existing Project Plan and Existing TIF Plan (the "Amendments") and has transmitted the Amendments to the City Council for consideration and approval; and WHEREAS, among other requirements, the Act requires the City to conduct a public hearing on the adoption of the proposed Amendments. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota, that the City Council shall hold a public hearing on the proposed amendments to the Existing Project Plan and Existing TIF Plan on Monday, June 21, 1999 , at 7 : oo p.m. at the City Hall. The City Clerk shall cause a notice of hearing to be published in the official newspaper once not less than 10 days prior to the hearing date, which notice shall contain a map showing the Project Area and the TIF District. Upon vote being taken thereon, the following voted in favor of the foregoing resolution: Zaun, Sindt,,Mulvihill, Luick, Ryan and the following voted against the same: whereupon the resolution was declared duly passed and adopted.