HomeMy WebLinkAbout90-02THE HOUSING AND REDEVELOPMENT AUTHORrrT
IN AND FOR THE CITY OF LAKEVILLE
COUNTY OF DAKOTA
STATE OF MINNESOTA
RESOLUTION NO. 90 -02
BEING A RESOLUTION ADOPTING A MODIFICATION
TO THE DOWNTOWN AND AIRLAKE
REDEVELOPMENT PROJECTS AND MODIFICATION
OF TAX INCREMENT FINANCING DISTRICTS
LOCATED WITHIN THE REDEVELOPMENT PROJECTS
AND THE PROPOSED APPROVAL AND ADOPTION
OF MODIFIED REDEVELOPMENT PLANS AND TAX
INCREMENT FINANCING PLANS RELATING
THERETO.
WHEREAS, The Housing and Redevelopment Authority in and for the City of
Lakeville, Minnesota (the "Authority ") and the City of Lakeville, Minnesota (the
"City "), established the Downtown Redevelopment Project in 1980 and established
the Airlake Development Project in 1984 (the "Projects ") pursuant to Minnesota
Statutes, Section 469.001 to 469.047, inclusive, as amended.
WHEREAS, the Authority proposes to modify the Redevelopment Projects
and Tax Increment Districts, pursuant to and in accordance with Minnesota
Statutes, Sections 469.001 to 469.047 and Sections 469.174 to 469.179, inclusive, as
amended.
WHEREAS, the Authority has submitted the Plans to the County Board of
Commissioners for Dakota County and the school board of the school district in
which the Districts are located and has notified such County Board and such school
boards that the modifications will be considered at this meeting;
NOW, THEREFORE, BE IT RESOLVED by The Housing and Redevelopment
Authority in and for the City of Lakeville, Minnesota, as follows:
1. The Authority hereby finds and determines:
(a) that the modification of the Projects and Tax Increment
Districts and the adoption of the Plans are in the public interest and to the
benefit of the health, safety and welfare of the City;
(b) that the Plan modifications conform to the general plan for
the development of the City as a whole;
(c) that the Plan modifications will afford maximum opportunity,
consistent with the sound needs of the City as a whole for the development
of the Project by private enterprise.
The reasons and supporting facts for each of the findings set forth above
have been set forth in writing in the Plans.
2. The Plans which modify the Districts and Projects are hereby
approved and adopted by the Authority in substantially the form on file with the
City on this date. The Executive Director is hereby authorized and directed to
submit the Plan modifications to the City Council together with a request that the
City Council approve such Plans following a public hearing to be held pursuant to
Minnesota Statutes, Section 469.175, Subd. 3.
3. The Executive Director is hereby authorized and directed to file a
copy of the Plans with the Minnesota Commissioner of Revenue, together with a
copy of the Plans for the Projects.
4. Following approval of the Plans by the City, the Executive Director,
together with the Authority's financial advisor, legal counsel and bond counsel, is
authorized and directed to proceed with the implementation of the Plans, and for
this purpose to negotiate, draft, prepare and present to this Board for its
consideration all resolutions, documents and contracts necessary for this purpose.
Dated: March 26, 1990.
Chairperson
Attest:
e Director
(SEAL)