HomeMy WebLinkAbout07-20-92CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
JULY 20, 1992
Chair Mulvihill called the meeting to order at 6:50 p.m. Roll call was
taken. Present: Commissioners Ruhmann, Zaun, Sindt, Mulvihill and Harvey.
Also present: R. Erickson, Executive Director; J. Walston, Assistant City
Attorney; M. Sobota, Community/Economic Development Director; C. Friedges,
City Clerk.
MINUTES
The minutes of the July 6, 1992, H.R.A. meeting were approved as printed.
ITEMS 3 AND 4
Mr. Sobota presented a letter from Mr. John Gambell, President of Imperial
Plastics, requesting the H.R.A. table consideration of the establishment of
Tax Increment Financing District No. 13 for the Imperial Plastics expansion.
He explained that Mr. Gambell has not yet received approvals to proceed with
a loan from the Small Business Association. He stated the process, which
normally takes about 30 days, is expected to take as long as eight weeks.
Staff recommends tabling the matter until a date mutually agreed upon by the
developer and City.
92.13 Motion was made by Sindt, seconded by Harvey to table consideration of a
modification to Airlake Redevelopment Project No. 1 and establishment of Tax
Increment Financing District No. 13 for the Imperial Plastics expansion.
Roll call was taken on the motion. Ayes, Ruhmann, Zaun, Sindt, Mulvihill,
Harvey.
92.14 Motion was made by Harvey, seconded by Sindt to table consideration of a
resolution 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.
Roll call was taken on the motion. Ayes, Zaun, Sindt, Mulvihill, Harvey,
Ruhmann.
UNFINISHED BUSINESS Mr. Erickson stated the H.R.A. will be holding a
public hearing on August 3rd at 6:45 p.m. on the Authority's intention of
issuing Ice Arena Lease Revenue Bonds for the purpose of financing the
proposed ice arena project.
There being no further business, Chair Mulvihill adjourned the meeting at
6:55 p.m.
Respectfully submitted,
enze uhmann, Secretary
A�
Lyi ette Mulvihill, Chair