HomeMy WebLinkAbout84-104 CITY OF LAKEVILLE
RESOLUTION
Date July lb, 1984 Resolution No. 54-104
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 Redevelopment Plan and Tax Increment Financing Plan for
Toro Redevelopment District and Tax. Increment Financing Plan to pay the
public redevelopment costs described therein; and
WHEREAS, the City has authorized the sale and issuance of
$1,300,000 aggregate principal amount of General Obligation Water
Revenue Bonds (the Bonds) to finance said public redevelopment 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 16th day of July, 1984.
CITY OF LAKEVILLE
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BY : Gt.,t.c--y-`--
Dua a Zaun, Mayo
ATTEST:
' Fatrick E. McGarvey, City C k