HomeMy WebLinkAbout97-04THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND
FOR THE CITY OF LAKEVILLE
COUNTY OF DAKOTA
STATE OF MINNESOTA
RESOLUTION NO. 97 -4
Date April 21, 1997 Resolution No. 97
Motion By
Sindt
Seconded By Johnson
BEING A RESOLUTION ADOPTING A MODIFICATION TO THE
DOWNTOWN REDEVELOPMENT PROJECT AND MODIFICATION OF TAX
INCREMENT FINANCING DISTRICTS NO. 2 & 3 LOCATED WITHIN THE
REDEVELOPMENT PROJECT AND THE PROPOSED APPROVAL AND
ADOPTION OF MODIFIED REDEVELOPMENT PLAN 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 (the "Project ") pursuant to
Minnesota Statutes, Section 469.001 to 469.047, inclusive, as amended; and
WHEREAS, the Authority proposes to modify the Redevelopment Project and
Tax Increment Districts No. 2 and 3, pursuant to and in accordance with Minnesota
Statutes, Sections 469.001 to 469.047 and Sections 469.174 to 469.179, inclusive, as
amended; and
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 Board 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 Project 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 Project, 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, Sections 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 and State Auditor.
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: April 21 , 1997
A S
Executive Director
Oh r
(SEAL)