HomeMy WebLinkAbout06-05-95CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
JUNE 5, 1995
The meeting was called to order by Chair Harvey at 6:45 p.m.
Roll call was taken. Present: Commissioners Johnson, Zaun, Sindt and Harvey.
Absent: Commissioner Mulvihill.
Also present: R. Knutson, City Attorney; B. Erickson, Executive Director; C.
Friedges, City Clerk.
ITEM 2
The minutes of the May 15, 1995, H.R.A. meeting were approved as presented.
ITEMS 3-4
Mr. Erickson stated the Finance Director, Community & Economic Development
Director and TIF Consultant Walt Hartman are recommending approval of Tax
Increment Pledge Agreements for Fairfield Business Campus and the downtown
redevelopment project for repayment of the 1995 Series A, B and C improvement
and tax increment bonds, which were sold on May 15, 1995.
95.22 Motion was made by Sindt, seconded by Johnson to approve the Tax Increment
Pledge Agreement for Fairfield Business Campus.
Roll call was taken on the motion. Ayes, Johnson, Zaun, Sindt, Harvey.
Commissioner Mulvihill arrived at 6:47 p.m.
95.23 Motion was made by Zaun, seconded by Johnson to approve the Tax Increment
Pledge Agreement for the Downtown Redevelopment.
Roll call was taken on the motion. Ayes, Zaun, Sindt, Mulvihill, Harvey,
Johnson.
ITEM 5
Mr. Erickson stated the Finance Director and Community & Economic
Development Director are recommending approval of an amendment to the Tax
Increment Financing Plan for Tax Increment Financing District No. 10, Fairfield
Business Campus, located within the 1 -35 Redevelopment Project No. 1. The
HOUSING AND REDEVELOPMENT AUTHORITY MEEITNG
JUNE 5, 1995
PAGE 2
amendment identifies new project costs, as well as an alteration to the original
budget to accommodate the approved development costs for Fairfield Business
Campus and assistance that is being provided to New Morning Windows.
95.24 Motion was made by Johnson, seconded by Sindt to approve Resolution No. 95-
2 adopting an amendment to the Tax Increment Financing Plan for Tax
Increment District No. 10 (Fairfield Business Campus) located within 1 -35
Redevelopment Project No. 1.
Roll call was taken on the motion. Ayes, Sindt, Mulvihill, Harvey, Johnson,
Zaun.
There being no further business, Chair Harvey adjourned the meeting at 6:52
p. M.
Respectfully submitted,
AA & �J�
Ly rfatte Mulvihill, Secretary
Pat Harvey, Chair