HomeMy WebLinkAbout84-017 r
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CITY OF LAKEVILLE
RESOLUTION
Date February 6, 1984 Resolution No. 84-17
Motion By Harvey Seconded By Enright
RESOLUTION AUTHORIZING CITY STAFF AND CONSULTANTS TO
BEGIN NECESSARY LEGAL AND PLANNING WORK TO ESTABLISH
A DEVELOPMENT DISTRICT AND A TAX INCREMENT FINANCING
.PLAN FOR AN AREA IN THE CITY OF LAr~EVILLE ON THE EAST
SIDE OF KENRICK AVENUE FROM SOUTH OF COi_iNTY ROAD 72 TO
NORTH OF COUNTY ROAD 64; ALSO CALLING A PUBLIC HEARING
ON THE ESTABLISHMENT OF SAID DEVELOPt~F.~i~lT DISTRICT AND
TAX INCREMENT FINANCING PLAN.
BE IT RESOLVED by the City Council of the City of Lake'-
ville, Minnesota (the City), as follows:
Section 1. Recitals.
1.01. The City believes it is in the public interest
to promote, attract and encourage economic development in area
on the. east side of Kenrick Avenue from south of County Road 70
to north of County Road 64.
1.02. The City is authorized pursuant. to Minn. Stat.
§ 472A.03 to establish development districts for the purpose of
encouraging economic development.
1.03. The City is authorized by Minn. Stat. § 273.74
to establish tax increment financing plans to help finance the
cost. of public improvements within a duly created development dis-
trict.
1.04. The City Council proposes to establish a develop-
ment district and a tax increment financing plan for an area on
the east side of Kenrick Avenue from south of County Road 70 to
north of County Road 64.
Section 2. Authorization to City Staff.
2.01. City staff is hereby authorized to begin the neces-
sary legal and planning work necessary to establish a development
district and a tax increment .financing plan for property on the
east side of Kenrick Avenue, south of County Road 70 to north of
County Road 64.
Section 3. Public Hearing.
3.01. Minn. Stat. 472A.03 and 273.74 require a public
hearing prior to establishment of a development district or approval
of a tax increment financing plan. Pursuant to said Sections, a
,public hearing on said proposals is called and shall be held on
February 21, 1984 at 7:30 p.m. at the City Council chambers in
the City of Lakeville..
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3.02. The 'City Clerk/Administrator shall cause notice
of the public hearing to be published in the official newspaper
of the City at least '',once, not less than 10 nor more than l5 days
prior to the date fixed for the hearing.
3.03. The ':City Clerk/Administrator. shall also cause
notice of public hearing to be mailed to .the Dakota County Board
of Commissioners and gall school boards encompassed within said
development district.'
Approved and adopted by the City Council of the City
of Lakeville this 6th day of February 1984.
CITY OF LAKEVILLE
BY /U'.~'~
Duane 2aun Mayor
AT ~ ~
Patrick E. McGarve ,,City Cler
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