HomeMy WebLinkAbout85-01HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION
DATE: May 6, 1985
Motion By: Enright
RESOLUTION NO.: 85 -1
Seconded By:
Zaun
RESOLUTION APPROVING AMENDMENT NO. 1
TO DEVELOPMENT PLAN AND TAX INCREMENT
FINANCING PLAN (MEADOWS NORTH)
BE IT RESOLVED by the Board of Commissioners of the
Housing and Redevelopment Authority in and for the City of
Lakeville, Minnesota, as follows:
Section 1. Recitals It is hereby determined to be
necessary and desirable to amend the legal description of the
Project Area and of Tax Increment Financing District No. 5, as
contained in the Development Plan and Tax Increment Financing
Plan for Meadows North, to conform the legal description to
the plat of the property. Amendment No. 1 to the Development
Plan and Tax Increment Financing Plan (Meadows North) has been
prepared for such purpose and reviewed by this Board.
Section 2. Approval Amendment No. 1 to the
Development Plan and Tax Increment Financing Plan (Meadows
North) is hereby approved.
Adopted by the Board of Commissioners this 6th day
of May, 1985.
HOUSING AND REDEVELOPMENT
AUTHORITY !
By
Chairman
Attest: _ 5z�
Secretary
AMENDMENT NO. 1 TO
DEVELOPMENT PLAN
AND
TAX INCREMENT FINANCING PLAN
(MEADOWS NORTH)
I. Purpose of Amendment Subsequent to preparation
of the Development Plan and Tax Increment Financing Plan for
Meadows North, and approval thereof by the Housing and
Redevelopment Authority of the City of Lakeville, and the City
Council of the City, certain property, including the project
area, has been platted, and it is necessary and desirable to
conform the legal description of the project area in the
Development Plan and Tax Increment Financing Plan with the
description contained in the plat. The original legal
description and the amended legal description hereinafter set
forth encompass substantially the same property, and no change
is anticipated in the original assessed value of the property.
II. Amendment of Development Plan Section I,
paragraph C of the Development Plan is amended to read as
follows:
"The boundaries of the Project Area are shown
in Exhibit A, "Project Area Boundary Map." All
land included in the Project Area is within the
legal boundaries of the City. The legal descrip-
tion of the Project Area is Lot 1, Block 1, and
Lots 1 - 5, inclusive, Block 2, together with
dedicated part of 204th Street West, all in Meadows
North, according to the plat thereof on file and of
record in the Dakota County Recorder's office."
III. Amendment of Tax Increment Financing Plan
Section III of the Tax Increment Financing Plan is hereby
amended to read as follows:
"The Tax Increment Financing District No. 5
(the District) is coterminus with the Project
Area. The legal description is Lot 1, Block 1 and
Lots 1 - 5, inclusive, Block 2, together with
dedicated part of 204th Street West, all in Meadows
North, according to the plat thereof on file and of
record in the Dakota County Recorder's office."