HomeMy WebLinkAbout98-05CITY OF LAKEVILLE
RESOLUTION
Date May 18, 1998 Resolution No
98 -5
Motion By Sindt Seconded By Mulvihill
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF
LAKEVILLE TO CALL FOR PUBLIC HEARING ON THE PROPOSED
MODIFICATION OF AIRLAKE REDEVELOPMENT PROJECT NO. 1, AND
THE ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 16
TO BE LOCATED WITHIN THE REDEVELOPMENT PROJECT AND THE
PROPOSED APPROVAL AND ADOPTION OF A MODIFIED
REDEVELOPMENT PLAN AND TAX INCREMENT FINANCING PLAN
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 Redevelopment Project No. 1 (the "Project "),
establish tax Increment Financing District No. 16 (the "Tax Increment District ") to be
located within the Project and to adopt a modified Redevelopment Plan (the
"Redevelopment Plan ") and Tax Increment Financing Plan (the "Financing Plan ")
relating thereto, pursuant to and in accordance with Minnesota Statutes, Section
460.001 to 469.047, inclusive, and Minnesota Statutes, Section 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 the modification of the Project,
establishment of the Tax Increment District within the Project, and the proposed
approval and adoption of the modified Redevelopment Plan and Financing Plan
relating thereto and to cause notice of said public hearing to be given as required by
law.
3. The Authority hereby directs the Executive Director to transmit a copy of the
modified Redevelopment Plan and Financing Plan to the Dakota County Board of
Commissioners and the School Boards in which the proposed Tax Increment District
is to be located, and to advise the Commissioners of the County Board and the
members of such School Boards that the Authority intends to consider approval of the
modified Redevelopment Plan and Financing Plan at its public hearing.
4. The Executive Director of the Authority is hereby directed to submit the proposed
modified Redevelopment Plan and Financing Plan to the City Council.
A r
APPROVED AND ADOPTED by the Housing and Redevelopment Authority of
the City of Lakeville, Minnesota, this 18th day of May, 1998.
HRA
By:
Dua a Zaun, Secr
ATTEST:
M iz H er Chair
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