HomeMy WebLinkAbout02-18-92�V
CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
FEBRUARY 18,1992
The meeting was called to order at 6:50 p.m. by Chair Sindt. Roll call was
taken. Present: Ruhmann, Zaun, Sindt and Mulvihill. Absent: 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 January 6, 1992, H.R.A. meeting were approved as
presented.
ITEM 3
Mr. Sobota presented a resolution which would approve Modification No. 3 to
Tax Increment Financing (TIF) District No. 8. The modification would
accomplish two objectives: 1) reimburse the City for acquisition costs of the
Old Station property and 2) allocate funds for the acquisition/demolition of
the old grain elevators in downtown Lakeville. He explained that the H.R.A.
authorized an appraisal of the grain elevator property at the January 6th
meeting, and staff hopes to receive the report in the next 10 days. The City
is receiving a Community Development Block Grant in the amount of $98,335,
which will cover a major portion of the grain elevator demolition costs.
Mr. Sobota stated the Economic Development Commission is recommending
approval of the modification. He further stated the Planning Commission also
reviewed the proposed plan modification and has found it to be consistent
with the City's Comprehensive Plan.
92.3 Motion was made by Ruhmann, seconded by Mulvihill to approve Resolution No.
92 -2 adopting Modification No. 3 to Southfork I Housing Development Project
Plan, Interest Rate Reduction Program and Housing Tax Increment District No.
8 Financing Plan, and Adopting the Modified Plans an Program.
Roll call was taken on the motion. Ayes, Ruhmann, Zaun, Sindt, Mulvihill.
ITEM 4
92.4 Motion was made by Mulvihill, seconded by Ruhmann to set the annual meeting
of the Housing and Redevelopment Authority for Monday, April 6th, following
the regular City Council meeting.
Roll call was taken on the motion. Ayes, Zaun, Sindt, Mulvihill, Ruhmann.
There being no unfinished or new business, Chair Sindt adjourned the meeting
at 6:57 p.m.
Respectfully submitted,
I
Al E g � ; Ze?
L to Mulvihill, Secretary
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