HomeMy WebLinkAbout90-01THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF LAKEVILLE
COUNTY OF DAKOTA
STATE OF MINNESOTA
RESOLUTION NO. 90 -01
RESOLUTION REQUESTING THE CITY COUNCIL OF
THE CITY OF LAKEVILLE TO CALL FOR A PUBLIC
HEARING ON THE PROPOSED MODIFICATION OF
THE DOWNTOWN AND AIRLAKE REDEVELOPMENT
PROJECTS AND MODIFICATION OF THE 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.
BE IT RESOLVED by the Board of Commissioners of The Housing and
Redevelopment Authority in and for the City of Lakeville, Minnesota (the
"Authority "), as follows:
1. The Authority proposes to modify the Downtown and Airlake
Redevelopment Projects (the "Projects "), and Tax Increment Financing Districts
(the "Tax Increment Districts ") located within the Projects and to adopt modified
Redevelopment Plans (the "Redevelopment Plans ") and Tax Increment Financing
Plans (the "Financing Plans ") relating thereto, pursuant to and in accordance with
Minnesota Statutes Sections 469.001 to 469.047, inclusive, and Minnesota Statutes,
Sections 469.174 to 469.179, inclusive.
2. The Authority hereby requests the City Council of the City of
Lakeville, Minnesota (the "City ") to call for a public hearing to consider
modification of the Projects and Tax Increment Districts within the Projects, and
the proposed approval and adoption of the modified Redevelopment Plans and
Financing Plans relating thereto and to cause notice of said public hearing to be
given as required by law.
3. Following approval of the modified 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
Redevelopment Plans and Financing 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.
4. The Executive Director of the Authority is hereby directed to submit
the proposed modified Redevelopment Plans and Financing Plans to the City
Council for their April 2, 1990 public hearing and to the HRA Board for their
March 26, 1990 meeting.
J
Dated: March 5, 1990.
'Chairp son
A EST:
�v
Ex cutive D rector
(SEA