HomeMy WebLinkAbout80-10Commissioner zaun then introduced
the following resolution and called for its adoption:
Resolution No. 80 -10 1,
RESOLUTION AUTHORIZING THE EXECUTION OF CONTRACTS
RELATING TO THE ACQUISITION AID SALE OF CERTAIN
PROPERTY IN TAX INCREMENT FINANCING DISTRICT NO. 1,
REQUESTING THE COUNTY AUDITOR TO CERTIFY AS TO
THE ORIGINAL ASSESSED VALUE OF ALL';,TAXABLE PROPERTY
IN THE DISTRICT, AND AUTHORIZING SECRETARY TO FILE
FINANCING PLAN WITH THE STATE PLANNING AGENCY
BE IT RESOLVED by the IIousing and Redevelopment Authority
in and for the City of Lakeville (the Authority) as follows:
Section 1. Recitals.
1.01. The Authority has established Redevelopment
Project No. 1 (the Project) and Tax Increment Financing District
No. 1 (the District) in the City, and has adopted a Redevelopment
Plan for the Project (the Redevelopment Plan) and a Tax Increment
Financing Plan for the District (the Financing Plan). The
Redevelopment Plan and Financing Plan are sometimes collectively
referred to herein as the "Plans."
1.02. By its resolution adopted November 17, 1980
the City Council of the City of Lakeville, Minnesota (the City),
after public hearings on the Plans held in accordance. with
Minnesota Statutes, Sections 462.521 and 273.74 Su bdivision 3,
has approved the Plans.
1.03. The Authority by resoluti.01 adopted on
November 3, 1980 called a public heai.i.ny �,ra the sale of
certain real property in the District in :.accordance with a
proposed form of Redevelopment Agreement and Assessment
Agreement (described below) for Monday, November 17, 1.980.
Notice of the hearing was published in a newspaper_ of general
circulation in the City as required by law and said hearing
was held on November 17, 1980, and all persons appearing thereat
were permitted to present their views on such salt.
1.04. There has been prepared and presented to the
Authority the following contracts, which will. be necessary for
the Authority to accept or enter into in order to carry out
the acquisition and disposition of certain real property in the
District as described in the Plans: (a) relating to the purchase
from the Authority and development of certain property in the
District by Despatch Industries, Inc. (the Developer), a Contract
for the sale of Land for Private Redevelopment, (b) relating to
the establishment of a minimum market value of the taxable property
in the District upon completion of the redevelopment by the
Developer, an Assessment Agreement, and (c) relating to the
issuance of bonds, acquisition of certain real property in the
District, sale of certain real property in the District to the
Authority and construction of certain hubLi_c i.mprovemnnts in the
District by the City, a Cooperat iori Agror�nrrnt. (,I) (h) and (c)
are collectively referred to herein as the "Contracts."
Section 2. Authorization to Execute Contracts.
2.01. The Authority has reviewed and considered the
Contracts, the facts and views presented at the public hearing and
at other Authority meetings concerning the acquisition and
disposition of certain real property in the District and hereby
determines that the acquisition of the real property in the District
other than the Despatch Site (as defined in the Plans) and the
sale of certain property in the District to the Developer, is
necessary to implement phase one of the Project, as described
in, and for the reasons set forth in, the Redevelopment Plan.
2.02. The Authority hereby determines the "fair market
value" of that property in the District described in the Plans
as the "City Site," the "Access Site" and the vacated portion
of Hughes Avenue, to be $43,000.
2.03. The form of Contracts, with such variations,
insertions and additions as the City Attorney may hereafter
deem appropriate, are hereby approved and are directed to
be executed by the Chairman and Secretary of the Authority.
Section 3. 1 nest to Cc>,,._nty Auditor to Certify
Original Assesed Value o f U istr.i.ct:.
3.01. The Authority, pursuant Lo Minnesota :statutes,
Section 273.76 Subdivision 1, hereby i e :quc.�sts the County
Auditor of Dakota County to certi F ; to it the "original
assessed value" of all property compri:,i.n(j the District:, as of
January 2, 1980.
3.02. The Secretary is autllori-zc and dir.ectecl to
furnish a certified copy of this resolution and the Plans
to the County Auditor arid to obtain sucl certification From
him.
Section 4. Fil with State Plan Agency.
The Secretary is hereby authorized acid directed to f Ile .
certified copy of the Financing Plan with the State Planning
Agency pursuant to Minnesota Statutes, Section 273.74 Subdivision
2.
Adopted November 17, 1980.
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Attest:
Sec i -ary