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and moved its adoption.
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF LAKEVILLE
COUNTY OF DAKOTA COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 98_7
RESOLUTION AUTHORIZING THE CITY COUNCIL OF
THE CITY OF LAKEVILLE TO UNDERTAKE CERTAIN
DEVELOPMENT ACTIVITIES IN CONNECTION WITH TAX
INCREMENT FINANCING DISTRICT NO. 16
WITHIN AIRLAKE REDEVELOPMENT PROJECT NO. 1
BE IT RESOLVED by the Housing and Redevelopment Authority (the
"Authority ") in and for the City of Lakeville, Minnesota (the "City ") as follows:
Section 1. Recitals
1.01. The Authority and the City have heretofore approved the establishment
of the Airlake Redevelopment Project No. 1 within the City (the "Project ") and the
establishment of the Tax Increment Financing District No. 16 (the "District ") within
the Project, and have approved a Redevelopment Plan, as modified, for the Project
(the "Redevelopment Plan ") and a Tax Increment Financing Plan for the District (the
"Tax Increment Financing Plan ").
1.02. The Redevelopment Plan and Tax Increment Financing Plan contemplate
that the Authority and City would assist development within the District by defraying
all or a portion of the public redevelopment costs identified in the Redevelopment Plan
and Tax Increment Financing Plan.
1.03. Terrence J. North ( "North ") proposes to undertake a project (the
"Alcorn Beverage Project ") within part of Airlake Redevelopment Project No. 1
located southwest of the intersection of County Road 70 and Highview Avenue and
consisting of the acquisition of land ( "Redevelopment Property ") and the construction
and furnishing thereon of an approximately 56,000 square foot corporate
headquarter /distribution facility.
sindt introduced the following resolution
63671.02
1.04. North has proposed that the Authority and City assist the Alcorn
Beverage Project by providing assistance to the Alcorn Beverage Project for the costs
of acquiring the Redevelopment Property and certain public improvement costs
through the use of tax increments paid to the Redeveloper that are generated solely
from the Redevelopment Property pursuant to a Redevelopment Agreement.
1.05. Pursuant to Minnesota Statutes, Sections 469.001 through 469.047, and
Sections 469.174 through 469.179 (the "Acts "), the Authority has the primary
responsibility for administering the Project and the District, and for undertaking the
activities necessary to carry out the Redevelopment Plan and Tax Increment Financing
Plan. In the instant case, since the City owns and operates the public sewer and water
systems, it is determined to be necessary and desirable for the Authority to authorize
the City to undertake, on behalf of the Authority, the public redevelopment activities
required in connection with the Alcorn Beverage Project.
Section 2. Authorization to City
2.01. The Authority, pursuant to the provisions of the Acts and particularly
Section 469.041, Minnesota Statutes, hereby authorizes the City, on behalf of the
Authority, to undertake all public redevelopment activities in connection with the
redevelopment of the Alcorn Beverage Project which the Authority could itself
undertake pursuant to the Acts, the Redevelopment Plan and the Tax Increment
Financing Plan, including, without limitation, the entering into contracts for the site
preparation work necessary or desirable in connection with the Alcorn Beverage
Project and the entering into a Contract for Private Redevelopment or similar
agreement with Aurora setting forth the terms and conditions upon which the
Authority and City will provide assistance to the Alcorn Beverage Project.
2.02. A copy of this resolution shall be forwarded to the Council and be
placed on file in the office of the City Clerk.
ADOPTED this 22nd day of
June , 1998.
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Mulvihill , and upon vote being taken thereon, the
following voted in favor thereof:
Zaun Sindt Mulvihill, Holberg, Ryan , and the following voted
against the same: n / a , whereupon said
resolution was declared duly passed and adopted.
63671.02 2