HomeMy WebLinkAbout84-11CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION
Date Julv 16. 1984 Resolution No. 84 -11
Motion by Enright Seconded by Zaun
RESOLUTION APPROVING SALE OF BONDS BY THE CITY OF LAKEVILLE
AND EXECUTION OF COOPERATION AGREEMENT
WHEREAS, the Housing and Redevelopment Authority of the City of
Lakeville, Minnesota (the Authority) has previously approved the
Redevelopment Plan and Tax Increment Financing Plan for Airlake Redevel-
opment Project No. 1 and Tax Increment Financing District No. 4 to
provide funds to pay the public redevelopment costs of the redevelopment
project described therein; and
WHEREAS, the City of Lakeville has held a public hearing on the
respective plan and has adopted the approving resolution required by
Section 273.74, subd. 3, Minnesota Statutes; and
WHEREAS, the City will authorize the sale and issuance of $260,000
aggregate principal amount of General Obligation Tax Increment Bonds,
Series 1984 B, (the Bonds) to finance said public redevelopment costs;
and
WHEREAS, a Cooperation Agreement has been prepared specifying the
respective actions to be taken by the Authority and City with respect to
the project and the tax increments to be derived from the tax increment
financing district.
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the
Authority, as follows:
1. The sale of the Bonds by the City is approved.
2. The Cooperation Agreement is hereby approved and the Chairman
and Executive Secretary are authorized to execute the same on behalf of
the Authority.
ADOPTED this 16th day of July, 1984.
HOUSIN REDEVELOPMENT UTHORITY
BY:
P trick Harvey, C airman
ATTEST:
/� I P_�'t (_
Du;ETn Zaun, Execu e Secretary