HomeMy WebLinkAbout83-119 CITY OF LAKEVILLE
RESOLUTION
Date December S, 1983 Resolution No. 83-119
Motion by Enright Seconded by Sindt
RESOLUTION APPROVING THE LOCAL CONTRIBUTION TO THE
SINGLE FAMILY HOUSING'REVENUE BOND PROGRAM
WHEREAS, the City Council believes it is beneficial to the city
that affordable housing be provided in Lakeville; and. '
WHEREAS, the growth in the .community provides a broader base to '
support commercial and industrial growth; and
WHEREAS, the State of Minnesota has the authority to designate.
which cities can market housing revenue bonds to assist in making
housing more affordable; and
WHEREAS, the City Council believes the. city will benefit by
providing assistance to the home buyers thru tax increment.
NOW, THEREFORE, BE IT RESOLVED THAT:
1. The Dakota County H.R.A. is authorized to file an .application
with the State of Minnesota with a local contribution thru tax
increment of a percentage of the property tax and, for a period
of years to be determined in the best interest of the city, to
achieve approval of the City of Lakeville for the bonding.
authority.
2. The areas and developers on the attached exhibit are approved
for this application.
CITY OF LAKEVILLE
BY : ~
Duane Zaun, M r
a
ATTEST:
~
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Patrick E. McGarvey, City rk