HomeMy WebLinkAbout97-016
• CITY OF LAKEVILLE
RESOLUTION
Date January 21, 1997 Resolution No. 97-16
Motion By Johnson Seconded By Mulvihill
RESOLUTION APPROVING A MODIFICATION OF THE CBD DOWNTOWN
REDEVELOPMENT PROJECT NO. 1, MODIFICATION NO. 1 OF TAX
INCREMENT FINANCING DISTRICT N0.2 AND MODIFICATION NO.2 OF
TAX INCREMENT FINANCING DISTRICT N0.3, ALL LOCATED WITHIN
THE REDEVELOPMENT PROJECT AND THE APPROVAL AND ADOPTION
OF A MODIFIED REDEVELOPMENT PLAN AND TAX INCREMENT
FINANCING PLANS RELATING THERETO.
WHEREAS, The Housing and Redevelopment Authority in and for the City of
Lakeville, Minnesota (the "Authority") and the City of Lakeville, Minnesota (the "City"),
established the Downtown Redevelopment Project in 1980 (the "Project") pursuant to
Minnesota Statutes, Section 469.001 and 469.047, inclusive, as amended; and
WHEREAS the Authorit ado ted the Modifications to the Redevelopment
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Project and Tax Increment Districts, pursuant to and in accordance with Minnesota
Statutes, Sections 469.001 to 469.047 and Sections 469.174 to 469.179, inclusive, as
amended; and
WHEREAS, the City Council of the City (the "Council") on the date hereof held
a public hearing regarding approval of Modified Tax Increment Plans and Redevelopment
Project, for which hearing notice was published in a newspaper of general circulation in
the City not less than 10 or more than 30 days prior to the date hereof; and
WHEREAS, the Authority has submitted the Plans to the County Board of
Commissioners for Dakota County and the School Board of the school district in wlvch
the Districts are located and has notified such County Board and such School Board that
the modification of the Districts and the Project will be considered at this meeting; and
WHEREAS, the Authority and the City have performed all actions required by
law to be performed prior to the modification of the Districts and the approval and
adoption of the Plans.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Lakeville as follows:
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1. On the basis of the information presented to the Council at meetings regarding
modification of the Plans, information included in the Plans, information provided at the
public hearing and at other Council meetings regarding the Project and the Plans, the
Council hereby finds and determines:
a) that the modification of the Project and Districts and the adoption of the Plans
are in the public interest and to the benefit of the health, safety and welfare of the City;
b) that the Plans conform to the general plan for the development of the City as a
whole;
c) that the Plans will afford maximum opportunity, consistent with the sound
needs of the City as a whole, for the development of the Projects by private enterprise;
d) that the development proposed to be assisted as described in the Plans would
not, in the opinion of the Authority, reasonably be expected to occur within the
reasonably foreseeable future through private investment, and that therefore the use of
tax increment financing is deemed necessary.
The reasons and supporting facts for each of the findings set forth above have been
set forth in writing the Plans.
. 2. The Plans which modify the District and Project are hereby approved and
adopted by the City in substantially the form on file with the City on this date.
3. The City Administrator is authorized and directed to take all action on behalf
of the City, subject to such approval of this Council as is required by law, to implement
the Project and the Plans.
4. The Authority is authorized and directed to take all actions necessary to
implement and carry out the modified Project and the Plans.
APPROVED AND ADOPTED by the City Council of the City of Lakeville,
Minnesota, this Zlg` day of January, 1997.
CITY OF LAKEVILLE
Duane Zaun, May
TTEST:
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Charlene Friedges, City rk