HomeMy WebLinkAbout97-03Commissioner Holberg introduced the following resolution and
moved its adoption.
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF LAKEVILLE
COUNTY OF DAKOTA COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 97 -3
RESOLUTION AUTHORIZING THE CITY COUNCIL OF
THE CITY OF LAKEVILLE TO UNDERTAKE CERTAIN
DEVELOPMENT ACTIVITIES IN CONNECTION WITH TAX
INCREMENT FINANCING DISTRICT NO. 17 WITHIN
AIRLAKE 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 Project No. 1 within the City (the "Project ") and the establishment of the Tax
Increment Financing District No. 17 (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. Di Hed Yokes, Inc. ( "DHY ") proposed to undertake a project (the "DHY
Project ") within part of the Airlake Redevelopment Project No. 1 being platted as the
DHY Addition, consisting of the acquisition of land from the City and the construction
and furnishing thereon of a corporate headquarter and manufacturing facility.
48239.01 LAKEVILLE:DHY
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1.04. DHY has proposed that the Authority and City assist the DHY Project by
providing the land at a reduced cost, and undertaking certain site preparation activities
necessary to serve the Airlake Development Project No. 1 area, including the DHY
Project site.
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 and is acquiring the property, 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 DHY 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 DHY 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 DHY Project and the entering into a Contract for Private
Redevelopment or similar agreement with DHY setting forth the terms and conditions
upon which the Authority and City will provide assistance to the DHY 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 21st day of April , 1997.
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Johnson , and upon vote being taken thereon, the following
voted in favor thereof: Johnson, Zaun, sindt, Mulvihill, Holberg and
the following voted against the same: ,
whereupon said resolution was declared duly passed and adopted.
48239.01 LAKEVILLE:DHY
03/18/97 2