HomeMy WebLinkAbout84-16CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION
Date December 3, 1984
Motion by Zaun
Resolution No. 84 -16
Seconded by
Sindt
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 providing
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
General Obligation Tax Increment Bonds, (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 3rd day of December, 1984.
AT S
ane Zaun Ex tive Secretary
HOUSI D REDEVELOPMENT AUTHORITY
BY:
'Patrick G. Harvey, Chairman