HomeMy WebLinkAbout06-15-92CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
JUNE 15, 1992
Chair Mulvihill called the meeting to order at 9:48 p.m. Roll call was
taken. Present: Commissioners Zaun, Sindt, Mulvihill and Harvey. Absent:
Ruhmann.
Also present: B. Erickson, Executive Director; R. Knutson, City Attorney; M.
Sobota, Community & Economic Development Director; D. Feller, Finance
Director; C. Friedges, City Clerk.
MINUTES
The minutes of the June 1, 1992, H.R.A. meeting were approved as presented.
ITEM 3
Mr. Erickson requested H.R.A. approval of the acquisition of the Lakeville
grain elevator property from the First National Bank of Cannon Falls in the
amount of $98,300, plus appraisal fees and pro -rata taxes, for a total of
$105,000. He explained that the silos would be demolished by the City,
utilizing Community Development Block Grant funds and excess tax increment
funds.
Commissioner Zaun asked how this acquisition is being funded. Mr. Feller
explained that excess tax increments previously budgeted for 1993 by the City
Council and temporary cash transfers from non -debt service funds would be
utilized.
92.10 Motion was made by Harvey, seconded by Zaun to approve the acquisition of the
Lakeville grain elevator property from First National Bank, Cannon Falls, and
authorize the Chair and Executive Director to execute the purchase agreement
as outlined in the City Attorney's letter dated June 5, 1992 (letter on file
in the City Clerk's office).
Roll call was taken on the motion. Ayes, Sindt, Mulvihill, Harvey, Zaun.
UNFINISHED BUSINESS None.
NEW BUSINESS None.
Chair Mulvihill adjourned the meeting at 10:05 p.m.
Respectfully submitted,
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Charlene Friedges, City rk
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n Chair