HomeMy WebLinkAbout84-119 CITY OF LAKEVILLE
RESOLUTION
Date September 4, 1984 Resolution No. 84-119
Motion by Sind Seconded by Enright
RESOLUTION REQUESTING TRANSFER OF
HOUSING MORTGAGE REVENUE BOND AUTHORITY
WHEREAS, the City. of Lakeville is participating in the Dakota
County HRA Mortgage Revenue Bond Program for first-time home buyers; and
WHEREAS, various builders. have been selected to participate in the
Program, including Derrick Land Companies; and
WHEREAS, Derrick Land Companies wishes to transfer a portion of its
commitment to another Lakeville builder (M.W. JOhnson Construction); and
WHEREAS, M.W. Johnson has agreed to all terms and conditions of the
Program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Lakeville that Dakota County HRA be asked to revise their Program plans
to include the following:
(1) that M.W. Johnson receive a commitment of $1,024,343 to be trans-
ferred from a_previous commitment given to Derrick .Land Companies;
and
(2) that the. County Tax Increment District be amended to include both
the property owned by M.W. Johnson Construction (Niakwa Village
1st, 2nd and 3rd Additions) in the City of Lakeville, Minnesota.
APPROVED AND ADOPTED this 4th day of September, 1984.
CITY OF LAKEVILLE
BY : ,~f.~^i~t~°-
Dua a Zaun, May
ATTEST:
atrick E. McGarvey, C ty Clerk