HomeMy WebLinkAbout84-14RESOLUTION NO. 84 -14
RESOLUTION RELATING TO THE PROPOSED
ACQUISITION OF DEVELOPMENT PROJECT
AREA AND SALE OF CERTAIN PROPERTY
IN THE PROJECT 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 the Meadows
North Development in the City of Lakeville, Minnesota (the City)
and has approved and adopted Meadows North Development Project and
Development Plan relating thereto (the Development Plan) and a Tax
Increment Financing District No. 5, as set forth in the Development
Plan. The Development Plan and Financing Plan are referred to herein
collectively as "the Plans."
1.02. The Plans provide for the acquisition of the Project
area by the Authority and the sale of the Project area for private
development.
1.03. The Plans and the proposed acquisition and sale
of the Project area have been submitted to the City's Planning Commis-
sion, 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 Commission
in accordance with Section 1.03 hereof, for approval and adoption
by the Council after public hearings held in accordance with Minne-
sota Statutes, Sections 462.521 Subdivision 1 and 273.74 Subdivision
3.
1.05. In order to implement the development Project,
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.
1.06. Dior Development, Inc., a Minnesota corporation
(the Developer) has offered to purchase the property in the Project
area from the Authority and to construct thereon residential housing.
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 property in the Project area as described in
the Plans: (a) relating to the purchase by the Authority and Develo-
per, a Contract for the sale of Land for Private Development, (b)
relating to the establishment of a minimum market value of the Project
area upon completion of the development by the Developer, an Assess-
ment Agreement, and (c) a Cooperation Agreement. (a), (b) and (c)
are collectively referred to herein as the Contracts.
Section 2. Public Hearing
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 December 3 , 1984, at 8:3 o'clock p.m., at the City
Council Chambers, 7773 -214th Street W., Lakeville, Minnesota.
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 one, not less then 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:
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Adopted by the Housing and Redevelopment Authority in
and for the City of Lakeville, Minnesota, held this 29th day of