HomeMy WebLinkAbout84-096 CITY OF LAKEVILLE
RESOLUTION
RESOLUTION N0. 84-96
RESOLUTION APPROVLNG EXECUTION OF COOPERATION
AGREEMENT
WHEREAS, the Housing and Redevelopment Authority of
the City of Lakeville, Minnesota (the Authority) and the City
have previously approved the Redevelopment Plan and Tax Increment
Financing Plan. for I-35 Redevelopment Project #1 and Tax
Increment Financing District #1 to~pay the public redevelopment
costs described therein; and
WHEREAS, the City has authorized the sale and issuance
of $1,300,000 aggregate pricipal amount of General Obligation
Water Revenue Bonds (the Bonds) to finance said public redevelop-
ment costs pursuant to a resolution adopted June 18, 1984; and
WHEREAS, a Cooperation Agreement has been prepared
specifying the respective actions to be taken by the Authority
and City with respect to the project and the tax increments
to be derived from the tax increment financing district.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Lakeville that the Cooperation Agreement is hereby
approved and the Mayor and City Clerk are authorized to execute
the same on behalf of the City.
Adopted this 2nd day of July, 984.
pproved:
Mayor
Attest: ~ r ~e-r-
City C erk