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Councilmember Sindt introduced the following
resolution, the reading of which was dispensed with by unanimous consent, and
moved its adoption:
RESOLUTION NO. 87-168
RESOLUTION CALLING PUBLIC HEARING BY THE
CITY UPON THE REQUEST OF THE HOUSING AND
REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF LAHEYILLE ON THE PROPOSED
ESTABLISHMENT OF AN INTEREST RATE
REDUCTION PROGRAM, HOUSING DEVELOPMENT
PROGRAM PLAN AND TAX INCREMENT FINANCING
DISTRICT NO. 8 AND APPROVE AND ADOPT THE
PROPOSED .TAX INCREMENT FINANCING PLAN
RELATING THERETO.
BE IT RESOLVED by the City Council (the "Council") of the City of
Lakeville, Minnesota (the "City"), as follows:
Section 1. Public Hearing. This Council shall meet on Monday, December
21, 1987, at approximately 7:00 p.m., to hold a public hearing at the Council
Chambers located at 773 - 214th Street, Lakeville, Minnesota, on the proposed
establishment of an Interest Rate Reduction Program, Housing .Development
• Project Plan and Tax Increment Financing District No. 8 and the proposed approval
and adoption the proposed Tax Increment Financing Plan relating thereto, _all
pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047
and Sections 469.174 to 469.179, inclusive, as amended.
Section 2. Notice of Hearing; Filing of Plan. The City Clerk-
Administrator is authorized and directed to cause notice of the hearing,
substantially in the form attached hereto as Exhibit A, to be given as required by
law, to place a copy of the proposed Tax Increment Financing Plan on file in the
Clerk-Administrator's Office at City Hall and to make such copy available for
inspection by the public prior to the public hearing.
The motion for the adoption of the foregoing resolution was-duly seconded
by Councilmember Harvey ,and upon vote being taken thereon, the
following voted in favor thereof:
Zaun, Enright, Sindt, Harvey, Nelson
and the following voted against the same:
none
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• whereupon said resolution was declared duly passed and adopted by the City
Council of the City of Lakeville, Minnesota, on cember 7 , 1987.
May
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Clerk-Administrator
(SEAL)
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