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CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
APRIL 18, 1988
The meeting was called to order by the Chairman, Pat Harvey, at 6:45
p.m. Roll call was taken. Present: Commissioners Nelson, Zaun,
Enright, Sindt and Harvey.
Also present: Patrick McGarvey, Executive Director.
88.11 Motion was made by Sindt, seconded by Nelson to approve the minutes
of the March 21, 1988, H.R.A. meeting.
Roll call was taken on the motion. Ayes„ Nelson, Zaun, Enright,
Sindt, Harvey.
The executive director advised the commissioners that a misunder-
standing still exists over the use of tax increment financing in
regard to the McStop Complex at the Minnesota Legislature. I was at
the League of Cities and advised the director on April 18th that the
subject was still brought up by legislators as an example of appro-
priate use of tax increment financing for economic development
purpose from a city to a giant corporation.
88.12 Motion was made by Enright, seconded by Sindt to direct the City
staff to prepare appropriate materials and exhibits on how the tax
increment financing was used in regard to the McStop development for
a presentation to League of City Officials and the state legislators
in an effort to clear up the misconception that the McDonald's
Corporation receive direct benefit through tax increment financing in
the form of land write down and reduced infrastructure and assess-
ments.
Roll call was taken on the motion. Ayes, Zaun, Enright, Sindt,
Harvey, Nelson.
At this time, commissioner Nelson pointed out that the resolution
proposed to be adopted for the approval of tax increment financing
district No. 9 within redevelopment project No. 2 indicated that the
H.R.A. would approve it after approval by the City Council, which is
scheduled for the forthcoming council meeting on April 18th.
88.13 Motion was made by Nelson, seconded by Sindt to continue the H.R.A.
meeting until after the conclusion of the council meeting this
evening.
Roll call was taken on the motion. Ayes, Enright, Sindt, Harvey,
Nelson, Zaun.
At 10:30 p.m. Chairman Harvey reconvened the H.R.A. meeting.
' •
The executive director presented the outline of the tax increment
financing district No. 9 plan.
88.14 Motion was made by Zaun, seconded by Sindt to adopt Resolution No.
88 -3 approving the establishment of a tax increment financing
district No. 9 located within redevelopment project. No. 2 and
adopting and approving the tax increment financing plan relating
thereto.
Roll call was taken on the motion. Ayes, Sindt, Harvey, Nelson,
Zaun, Enright.
88.15 Motion was made by Sindt, seconded by Enright to adjourn the H.R.A.
meeting.
Roll call was taken on the motion. Ayes, Harvey, Nelson, Zaun,
Enright, Sindt.
Time: 10:35 p.m.
Respectfully submitted,
_/ '�' A� r.
atrick E. KcGarvey, City C
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