HomeMy WebLinkAbout02-19-91CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
FEBRUARY 19, 1991
91.05
The meeting was called to order at 6:45 p.m. by Chair Sindt.
Roll call was taken. Present: Commissioners Ruhmann, Zaun,
and Sindt. Absent: Commissioners Mulvihill and Harvey.
Also present: B. Erickson, Executive Director; R. Knutson,
City Attorney; M. Sobota, Community & Economic Development
Director; C. Friedges, City Clerk.
ITEM 2
The minutes of the February 4, 1991 H.R.A. meeting were
approved as printed.
ITEM 3
Mr. Sobota presented a draft amendment to Redevelopment
Project #2 and Tax Increment Financing (TIF) District #6
(Fleet Farm). He explained that the proposed revision would
amend the project area boundaries to include the County Road
46 interchange area. It would also amend the financing plan
to allow approximately $796,000 of excess increments from the
Fleet Farm project to be utilized for public costs associated
with the County Road 46 and I -35 interchange and Kenrick
Avenue upgrade. This modification, he explained, would
further enhance access to the Fleet Farm site via the
proposed interchange and access road. Mr. Sobota explained
that the resolution before the H.R.A. requests the City
Council to call a public hearing for March 18th to consider
the proposed modifications.
Mr. Erickson pointed out that the current Fleet Farm TIF
district will expire in 1996. He explained that the proposed
amendment would not create a new TIF district, but amend the
boundaries to allow excess increments to be expended within
the project area.
Motion was made by Zaun, seconded by Ruhmann to approve
Resolution No. 91 -02 requesting the City Council of the City
of Lakeville to call a public hearing on the proposed
Modification No. 2 of I -35 Redevelopment Project No. 2, and
Tax Increment Financing District No. 6, Modification No. 2,
located within the redevelopment project; and the proposed
approval and adoption of a modified redevelopment plan and
tax increment financing plan relating thereto.
Roll call was taken on the motion. Ayes, Zaun, Sindt,
Ruhmann.
UNFINISHED BUSINESS None.
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
FEBRUARY 19, 1991
PAGE 2
NEW BUSINESS Annual H.R.A. meeting will be held in April.
Chair Sindt adjourned the H.R.A. meeting at 6:53 p.m.
Respectfully submitted,
Charlene Friedges, C' y Clerk
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B tty Ondt, Chair