HomeMy WebLinkAbout01-058 CERTIFICATION OF MINUTES
Governmental Unit: City of Lakeville, Minnesota
' GoverningBody: City Council
Kind, date, time and place of meeting: A regular meeting held Aprill6, 2001, at 7't 00
o'clock P.M., at the City Hall, Lakeville, Minnesota.
Members present: Bellows, Johnson, Mulvihill, Rieb, Luick
Members absent: N/A
Documents Attached:
Minutes of said meeting (including):
RESOLUTION NO. 01-58
RESOLUTION APPROVING AN AMENDED TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 10
I, the undersigned, being the duly qualified and acting recording officer of the
public corporation issuing the bonds referred to in the title of this certificate, certify that
the documents attached hereto, as described above, have been carefully compared with
-the original records of said corporation. in my legal custody, from which they have been
transcribed; that 'said documents are a correct and complete transcript of the minutes of a
meeting of the governing body of said corporation, and correct and complete copies of all
resolutions and other actions. taken and of all documents approved by the governing body
at said meeting, so far as they relate to said bonds; and that said meeting was duly held
by the governing body at the time and place and was attended throughout by the members
indicated above, pursuant to call and notice of such meeting given. as required bylaw.
WITNESS my hand officially as such recording officer this 16 day of April,:
2001.
City Cler
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Councilmember Mulvihill introduced the following resolution and moved its
adoption, which motion was seconded by Councilmember x:ieb
RESOLUTION. APPROVING AN AMENDED TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 10
WHEREAS, the Housing and Redevelopment Authority of the City of Lakeville,
Minnesota (the "HRA") and the City of Lakeville, Minnesota (the "City") have heretofore
prepared and approved a Tax Increment Financing Plan (as amended and approved to the
date hereof, the. "Existing TIF Plan") for Tax Increment Financing District No. 10 (the
"TIF District") within the I-35 Redevelopment. Project No. 1 (the "Project Area") in the
City, alT pursuant to Minnesota Statutes, Sections 469.001 through.469.049. and Sections
469.174. through 469.179 (collectively, the "Act"); and
WHEREAS, the HRA has now requested that the City, pursuant to Amendment
Na, 2 to the Existing TIF Plan ("Amendment No. 2" and, together with. the Existing TIF
Plan; the "Amended TIF Plan"), amend. the Existing TIF Plan to (i) update the budget for
the TIF District, (ii) increase .the permitted amount. of bonded indebtedness for the TIF
District, (iii) take the required fiscal disparities contribution from within the TIF District
and (iv) make. other changes as shown in Amendment No. 2,.all forthe purpose of
facilitating improvements to the I-35 and County Road 70 intersection as provided in the
Existing TIF Plan and related Redevelopment Plan for the Project Area;. and
WHEREAS, the City has submitted copies of the proposed Amendment No. 2 to
the County Board of Commissioners and the school board of the local school. district not
less than 30 days prior to the date hereof; and
WHEREAS, the City Council of the City, on the date hereof, held a public hearing
regarding approval of Amendment No. 2, for which hearing notice was published in a
newspaper of general circulation in the Citynot less. than 10 or more than 30 days prior to
the date hereof, including a map of the TIF District and related Project Area; and
WHEREAS, the City has performed all actions required by law to be performed
prior to the consideration of Amendment No. 2.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Lakeville, Minnesota, as follows:.
1. Amendment No. 2 is hereby approved and adopted by the City in substantially.
the. form on file with the City on this date.
2. Except as amended by Amendment No. 2, the Existing TIF Plan, and the
related resolutions adopting and approving the Existing TIF Plan, and the findings
originally contained therein, are hereby confirmed .and readopted as if set forth in full in
this resolution.
3. The City Administrator is authorized to take all necessary action on behalf of
the City, subject to such approval of the Council as is required by law, to implement the
Amended TIF Plan.
4. The City Administrator is also authorized and directed. to file a copy of the
Amended TIF Plan with the Commissioner of Revenue.
Upon vote being taken thereon, the following voted in favor of the foregoing resolution:
Rieb, Luick, Bellows, Johnson, Mulvihill
and the following voted against the same:
N/A
whereupon the resolution was declared duly passed and adopted.
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