HomeMy WebLinkAbout09-14-92CITY OF LAKE VILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
SEPTEMBER 14,1992
01 -4t:3
92.19
Chair Mulvihill called the meeting to order at 7:50 p.m. Roll call was
taken. Present: Commissioners Ruhmann, Sindt, Zaun, Mulvihill.
Also present: R. Erickson, Executive Director; R. Knutson, City Attorney;
M. Sobota, Community and Economic Development Director; Jack Matasosky,
Appro Development; John Gambell, President of Imperial Plastics; M.
Holliday, Deputy City Clerk.
MINUTES
The minutes of the August 17, 1992 H.R.A. meeting were approved as printed.
ITEM 3
Michael Sobota presented an overview of a proposed modification to Airlake
Redevelopment Project No.1 and establishment of Tax Increment Financing
District No. 13 (Imperial Plastics expansion) to be located within the
redevelopment project and the proposed approval and adoption of a modified
redevelopment plan and tax increment financing plan. He stated the project
will provide for the expansion of Imperial Plastics, provide funding for
the replacement of the bridge adjacent to the project on Hamburg Avenue and
provide funding for storm water improvements including the drainage channel
adjacent to the Imperial Plastics property.
Robert Erickson stated that the Economic Development Commission had
reviewed the proposed project and recommended for approval the proposed
modification and creation of Tax Increment Financing District Number 13.
The Planning Commission also found the proposal consistent with the
Comprehensive Plan.
Motion was made by Sindt, seconded by Ruhmann to approve Resolution No.
92 -5 adopting a modification to Airlake Redevelopment Project No. 1 and
establishment of Tax Increment Financing District No. 13 (Imperial Plastics
expansion) to be 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: Mulvihill, Sindt, Zaun, Ruhmann.
ITEM 4
Financing District No. 13 within Airlake Redevelopment Project No. 1.
Michael Sobota discussed the proposal for the City of Lakeville to
undertake certain development activities in connection with Tax Increment
Motion was made by Zaun, seconded by Sindt to approve Resolution No. 92 -6
authorizing the City Council of the City of Lakeville to undertake certain
development activities in connection with Tax Increment Financing District
No. 13 within Airlake Redevelopment Project No. 1.
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
SEPTEMBER 14, 1992
Page Two
Roll call was taken on the motion: Ayes: Sindt, Zaun, Ruhmann, Mulvihill.
There being no further business, Chair Mulvihill adjourned the meeting at
7:00 p.m.
Respectfully submitted,
Wenzel Kuhmann, Secretary
Lyfief to Mulvihill, C ai