HomeMy WebLinkAbout85-03CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION
Date December 2, 1985 Resolution No. 85 -3
Motion By Zaun Seconded By Sindt
BE IT RESOLVED by the Housing and Redevelopment Authority
of the City of Lakeville, Minnesota, as follows:
Section 1. Recitals.
1.01. There has been prepared and presented to the Auth-
ority a written tax increment financing plan designated as the
Tax Increment Financing District No. 2 for the I -35 Redevelopment
Project No. 2 (the "Project ") and a tax increment financing plan.
1.02. The Authority has investigated the facts and reviewed
the tax increment financing plan and hereby finds, determines,
and declares that it is necessary and in the best interest of the
City and its inhabitants for the Authority to undertake and complete
the Project in accordance with said plan.
1.03. The undertaking and completion of the Project
in accordance with said redevelopment plan, will result in the
accomplishment of the public purposes and objectives set forth
in Minnesota Statutes, §462.411 through 462.585.
Section 2. Submission to City Council
The Secretary is authorized and directed to submit a certified
copy of this resolution, and said tax increment financing plan
to the City Council, which is hereby requested to approve the tax
increment financing plan pursuant to Minnesota Statutes § 273.74.
Adopted by the Housing and Redevelopment Authority of
the City of Lakeville this 2nd day of December 1985.
HOUSING AND REDEVELOPMENT AUTHORITY
BY
Chairman
ATTEST:
Secret &ry