HomeMy WebLinkAbout94-108 y,
. CITY OF LAKEVILLE
RESOLUTION
DATE May 16, 1994 RESOLUTION NO. 94-108.
MOTION BY Mulvihill SECONDED BY Harvey
RESOLUTION APPROVING THE ESTABLISHMENT IN
LAKEVII.LE BY THE DAKOTA COUNTY HOUSING AND
REDEVELOPMENT AUTHORITY OF
AN INTEREST REDUCTION PROGRAM
WHEREAS, pursuant to chapter 333 of the laws of Minnesota, 1971, as amended by
Chapter 534 of the Laws of Minnesota, 1972 (the "Enabling Legislation") the Dakota
County Housing and Redevelopment Authority (the "Authority") is authorized to exercise
the powers and duties of housing and redevelopment authority under the provisions of the
municipal housing and redevelopment act, including the establishment of an interest
reduction program and a tax increment financing district to provide moneys to finance
• such programs; and
Whereas, a proposal has been made to the Authority that it (a) undertake an interest
reduction program in connection with the construction of a 52 unit multi-family housing
facility to be located in the City of Lakeville the real .property legally described in Exhibit
"A" attached hereto, and (b) create a tax increment financing district including such real
property in order to finance the costs of such interest reduction program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
.Lakeville, Minnesota as follows:
1. The City Council of the City of Lakeville hereby finds and determines that it is
in the public interest and to the benefit of the health, safety, and welfare of the
City of Lakeville for the Authority to (a) undertake an interest reduction
program in connection with a 52 unit multi-family housing facility to be located
on the real property legally described in Exhibit "A" attached hereto, upon a
determination by the Authority that such program meets the requirements set
forth in Minnesota Statutes, Section 469.012, Subds. 7, 8, and 9 and , (b}
establish a tax increment financing district to finance the costs of such interest
reduction program.
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2. The Authority is hereby authorized to do all things necessary to undertake such
interest reduction program and such tax increment financing district on or about
the property legally described in Exhibit "A" attached hereto.
Approved and adopted by the City Council of the City of Lakeville this 16th day of May,
1994.
uane Zaun, yor
ATTEST:
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Charlene Friedges, City rk
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05-12-1994 02~16PM SAND COMPANIES INC. 612 252 4493 P. 04
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.That rt o.° toss S at tho ~ {
{ Pa ~ , Seatian Z9, Tw~nship 114, Bauge Z0, desar bed ns t'olla~rs:
J Caae3en_iug at t]:e oenterline of County. Road 9 (also 3a2oKn sa paCd Rdad), .vherv sold road
1 intcrse ots the South li.as af' tbs right at way of the 1~ianea$oiis, Sort:~.f'iald and • Sourh~rn
•ZaiL~o,d, ~`ar~rltiy the Daa Aatoh $Iea'..rio ii.r~.e3 thenoe Svuthar],y along tho aonterline of
said Cauaty Rand a distsnoa oP ~6 rods an3 12 feet; thencs due Est to the Sautbarly
right of way 2lws of said sspo2is, Vorthfiald and Southorr~ Railroad; ±heaoo N^rrlswo~3erly
aZonE; the Southerly line of aa,9.d Xail,,-o:d to tre pofzxt of beg~fag; c~:ai~ing efx aaras,
core or lase. It is the intention herein to ooatreyths north 45 rods ax53 12 £oet ar that pert
of sc.id SEA of tiiT,-~~ IyiYtg southn~ly axld.wesCerXy of the southor~,y line of said railroads
Subject to a FerptsnerLt easen?emt e~td x~.glt..or-~raf "or ~sa?nitarf ae..or p•xrpoaPS, over, across
aad utxdgt• the followinS. c~eseribad•premi,ses sitvatrd wither ~aicota Cc+unty, L:inn~aot4, •to-~'lit:
a perpetual e~?seme~ ~'or asuitary sourer use otter sad across the ::orth 30 fens of t?:a o'x:tl:
131,E fast of that pert of the S~.•at the oi' Section 29, Toamship 1.14, BYaga 2~, 1;r~
~~icstv3~ly~o: the Nerrtsrly right of ~as~y ~Zinc~f the,~inrcapol±a, I.o:-rr.::s2d oad Saa~:~:ru ~aiZ-
waf. T:te South linrt of said easemear bung the ~artr Iine or ula:;:, 1.;!di:i~n, inaluriing the
i~:ts of eaad Villags, its aaa~raet~rs, saeatn, sttd aerveuts to ortter upon Said prejoiat~a at
all raas~able timea. .
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