HomeMy WebLinkAbout84-07CITY OF LAKEVILLE
RESOLUTION
Date June 18, 1984
Motion by Sindt
Resolution No. 84 -7
Seconded By Enright
RESOLUTION RELATING TO THE PROPOSED
ACQUISITION OF PROPERTY IN TAX
INCREMENT FINANCING DISTRICT NO. 2 AND
SALE OF CERTAIN PROPERTY IN THE AREA AND
CALLING A PUBLIC HEARING THEREON
BE IT RESOLVED by the Housing and Redevelopment Authority
in and for the City of Lakeville, Minnesota (the Authority) as
follows:
Section 1. Recitals.
1.01. The Authority has determined to undertake Lakeville
Redevelopment District No. 1, as amended, in the City of Lakeville,
Minnesota (the City) and has approved a Redevelopment Plan relating
thereto (the Redevelopment Plan) and a Tax Increment Financing
Plan (the Financing Plan) for Tax Increment Financing District
No. 2. The Redevelopment Plan and Financing Plan are referred to
herein collectively as "the Plans."
1.02. The Plans provide for the acquisition of land
by the Authority and the sale of part of the land for private de-
velopment.
1.03. The Plans and the proposed acquisition and sale
are being submitted to the City's Planning Commission, which will
review and determine whether or not they are in accordance with
the City's comprehensive plan.
1.04. The Plans have been authorized to be submitted
to the City, with the determination of the City's Planning Commis-
sion in accordance with Section 1.03 hereof, for approval and adop-
tion by the Council after public hearings held in accordance with
Minnesota Statutes, Sections 462.525 and 273.74.
1.05. In order to implement Lakeville Redevelopment
Project No. 1, including the Project, and the Plans, it will be
necessary and in the best interests of the City for the Authority
to acquire the Project area in accordance with the Plans and to
enter into a contract for the sale of all of the property in the
Project area not to be retained by the City for public use.
1.06 . Lakeville Non - Profit Housing Corporation ( the Developer)
has offered to purchase certain property in the Project area from
the Authority and to construct thereon housing for the elderly.
1.07. There has been prepared and presented to the
Authority the following contracts which it will be necessary for
the Authority to enter into in order to carry out the acquisition
and disposition of certain property in the Project area as described
in the Plans: (a) relating to the purchase from the Authority
and development of certain property in the Project area by the
Developer, a Contract for the sale of Land for Private Redevelopment
(b) relating to the establishment of a minimum market value of
the Project area upon completion of the development by the Develo-
per, an Assessment Agreement, and (c) relating to the issuance
of bonds by the City. [(a), (b), (c) are collectively referred
to herein as the Contracts.]
Section 2. Public Hearina.
2.01. Minnesota Statutes, Section 462.525 Subdivision
2 requires that prior to the sale of property to the Developer,
the Authority shall conduct a public hearing upon the proposal
to sell such property. Pursuant to that provision, a public hearing
on the proposal contained in the Contracts is called and shall
be held on July 16 , 1984 at 8:30 o'clock p.m., at
the City Council Chambers, 7773 - 214th Street W.
2.02. The Secretary shall cause notice of the public
hearing to be published in a newspaper of general circulation in
the City at least once, nor less than ten (10) nor more than thirty
(30) days prior to the date fixed for the hearing, such notice
to be in substantially the following form:
Lots 1, 2, 3, 4, Block 8, Berres Addition to Lakeville,
Dakota County, Minnesota
and
Lot 12, Block 14, Lakeville Village (formerly Fairfield)
Dakota County, Minnesota, except the East 39.00 feet thereof
together with the East 20.00 feet of vacated Holt Avenue
(formerly Walnut Street) adjacent thereto of Lakeville
Village, Dakota County, Minnesota.
ADOPTED this 18th day of June , 1984.
CITY OF ILLE
BY:
Pa ick Harvey, Chairman
ATT T:
Duane aun, Secre y
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