HomeMy WebLinkAbout84-103 CITY OF LAKEVILLE
RESOLUTION
Date July l6, 1984 Resolution No. 84-103
Motion by Harvey Seconded by Sindt
RESOLUTION APPROVING 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 amended Redevelopment Plan and Tax Increment Financing Plan
for Redevelopment District No. 1 and Tax Increment Financing District
No. 2 to pay the public redevelopment costs described therein; and
WHEREAS, the City will authorize the sale and issuance of $195,000
aggregate principal amount of General Obligation Tax Increment Bonds,
Series 1984 A, (the Bonds) to finance said public redevelopment costs;
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 Cooperative Agreement is hereby approved and the
Mayor and City Clerk are authorized to execute the same on behalf of the
city.
ADOPTED this 16th day of July, 1984.
CITY OF LAKEVILLE
BY : ~t
uane Zaun, Ma
ATTEST:
S
Patrick E. McGarvey, City Clerk