HomeMy WebLinkAbout99-02CERTIFICATION OF MINUTES
Governmental Unit: Housing and Redevelopment Authority of the City of Lakeville, Minnesota
Governing Body: Board of Commissioners
Kind, date, time and place of meeting: A regular meeting held May 17, 1999, at 6:45
o'clock P.M., at the City Hall, Lakeville, Minnesota.
Members present: Ryan, Zaun, Sindt, Luick
Members absent:
Documents Attached:
Minutes of said meeting (including):
RESOLUTION N O. 99 -
RESOLUTION APPROVING AMENDMENT TO INTEREST REDUCTION PROGRAtiI
AND HOUSING DEVELOPMENT PROJECT PLAN AND TO TAX INCREMENT
FINANCING PLAIN FOR TAX INCREMENT FLANCING DISTRICT NO. 8
I, the undersigned, being the duly qualified and acting recording officer of the public corporation
issuing the bonds referred to in the title of this certificate, certify that the documents attached hereto,
as described above, have been carefully compared with the original records of said corporation in
my legal custody, from which they have been transcribed; that said documents are a correct and
complete transcript of the minutes of a meeting of the governing body of said corporation, and
correct and complete copies of all resolutions and other actions taken and of all documents approved
by the Governing body at said meeting, so far as they relate to said bonds; and that said meeting was
duly held by the governing body at the time and place and was attended throughout by the members
indicated above, pursuant to call and notice of such meeting given as required by law.
WITNESS my hand officially as such recording officer this 17 day of May, 1999.
Secretary (�
Commissioner Ryan introduced the following resolution and moved its
adoption:
RESOLUTION APPROVING AMENDMENT TO INTEREST REDUCTION
PROGRAM AND HOUSING DEVELOPMENT PROJECT PLAN AND TO TAX
INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING
DISTRICT NO.8
BE IT RESOLVED by the Housing and Redevelopment Authority of the City of
Lakeville, Minnesota (the "Authority ") as follows:
1. Background. The Authority has heretofore prepared and approved an Interest Reduction
Program and Housing Development Project Plan, as amended through Modification No. 4 (the
"Existing Project Plan ") and a Tax Increment Financing Plan, as amended through Modification
No. 4 (the "Existing TIF Plan ") for Tax Increment Financing District No. 8 in the City of
Lakeville (the "TIF District "), all pursuant to Minnesota Statutes, Sections 469.001 through
469.047 and Sections 469.174 through 469.179 (collectively, the "Act "). It is now proposed to
amend the Existing Project Plan and the Existing TIF Plan to (i) expand the Project Area (but not
the TIF District) to take in additional property to be acquired and developed (initially, in part,
into an arts /cultural center and potentially into additional housing and related uses) and (ii)
amend the budget for the TIF District to provide funding for a portion of the cost of the foregoing
acquisition and improvement.
2. Proposed Amendment to Existing Project Plan and Existing TIF Plan; Approval.
The Authority has reviewed a draft of amendments (Modification No. 5) to the Existing Project
Plan and Existing TIF Plan and the Authority hereby approves and adopts the proposed
amendments to the Existing Project Plan and Existing TIF Plan in the form presented. The
amendments will facilitate the development of a recreational and cultural amenity in the Project
Area which will serve the existing low and moderate income housing developments within the
Project Area and will make the Project Area and areas adjacent thereto more attractive for
additional housing and related development.
3. Transmittal. The Authority hereby transmits the amendments to the Existing Project
Plan and the Existing TIF Plan to the Lakeville City Council for approval after the same has been
considered by the City Council subsequent to a public hearing to be held in accordance with
Minnesota Statutes Chapter 469.
-2-
The motion for the adoption of the foregoing resolution was seconded by
Commissioner Luick and upon voting being taken thereon, the following voted in
favor thereof:
Ryan, Zaun, Sindt, Luick
and the following were absent:
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.
xI