HomeMy WebLinkAbout06-01-92CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
JUNE 1, 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: B. Erickson, Executive Director; R. Knutson, City Attorney; M.
Sobota, Community & Economic Development Director; C. Friedges, City Clerk.
MINUTES
The minutes of the April 6, 1992, H.R.A. meeting were approved as presented.
ITEM 3
Mr. Sobota presented the application of Imperial Plastics, Inc. for tax
increment financing assistance for the expansion of their facility in Airlake
Industrial Park. Mr. Sobota explained that Imperial Plastics is one of the
original businesses who located in Airlake Industrial Park back in 1968 and
was recently considering a new facility location in the Farmington Industrial
Park. The proposed project would involve providing the company with excess
City owned property (near the Airlake water tower) for expansion of their
facility and $88,000 of excess tax increment financing for building
rehabilitation and site improvements. Tax increment from the project could
be used by the City to replace the bridge on Hamburg Avenue immediately north
of Imperial Plastics. Funds could also be provided for storm water
improvements in Airlake Industrial Park.
Mr. Sobota stated company officials have consented to the expansion of their
facility in Airlake Industrial Park, and staff recommends approval of the
resolution requesting the City Council to call a public hearing for July 6,
1992, on the proposed modification of Airlake Redevelopment Project No. 1 and
designation of Tax Increment Financing District No. 13.
92.9 Motion was made by Harvey, seconded by Sindt to approve Resolution No. 92 -3
requesting the City Council of the City of Lakeville to call a public hearing
on the proposed modification of Airlake Redevelopment Project No. 1,
designation of Tax Increment Financing District No. 13 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, Ruhmann, Zaun, Sindt, Mulvihill,
Harvey.
UNFINISHED BUSINESS None.
NEW BUSINESS None.
Chair Mulvihill adjourned the meeting at 6:59 p.m.
Respectfully submitted,
Wenze uhmann, Secretary
L ette Mulvihi , Chair