HomeMy WebLinkAbout87-089-9- A, � 4.
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF LAKEVILLE, MINNESOTA
RESOLUTION NO. 87 -8
CALLING FOR A PUBLIC HEARING ON THE SALE OF CERTAIN
LAND WITHIN PROPOSED TAX INCREMENT FINANCING
DISTRICT NO. 3 WITHIN REDEVELOPMENT PROJECT NO. 1
WHEREAS, The Housing and Redevelopment Authority in and for the City of
Lakeville, Minnesota (the "Authority ") on the date hereof has adopted a Tax
Increment Financing Plan (the "Plan ") establishing Tax Increment Financing
District No. 3 (the "District ") within Redevelopment Project No. 1 (the "Project ");
and
WHEREAS, pursuant to the Plan the Authority proposes to acquire the real
property legally described on Schedule A attached hereto (the "Land ") and to sell
the Land to a developer pursuant to a Contract for Private Development which will
require the purchaser to carry out or cause to be carried out the provisions of the
plan for the Project and will provide that no use shall be made of the Land or any
structure erected thereon which does not conform with the plan for the Project;
and
WHEREAS, pursuant to Minnesota Statutes, Section 462.525, the Authority
is authorized to sell, without public bidding, its Land in a redevelopment project
following a public hearing for which notice was published not less than 10 or more
than 30 days before such hearing;
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of
The Housing and Redevelopment Authority in and for the City of Lakeville,
Minnesota, as follows:
1. The Authority shall hold a public hearing regarding the sale of the
Land on May 18, 1987.
2. The Executive Director of the Authority is authorized and directed to
cause notice of such public hearing, substantially in the form of Schedule B
attached hereto, to be published in a newspaper of general circulation in the City
of Lakeville once, not less than 10 days or more than 30 days in advance of such
hearing.
3. Neither the adoption of this resolution, the publication of notice of
the public hearing or the approval by the Authority of such sale following the
public hearing will compel the Authority to acquire or sell the Land. r
Adopted this 4th day of May, 1987.
aiYffian
Atte
Executive Director
(SEAL)
- 1 - 0; D
SCHEDULE A
Legal Description of
Certain Land Located in the
City of Lakeville, County of Dakota
Property Identification Number
23- 02900 - 011 -02
Section 29, Township 114, Range 20
The NW 1/4 of the NE 1/4 except the South 671.35 feet of
the East 395.17 feet of the NW 1/4 of NE 1/4 of Section
29, Township 114, Range 20, City of Lakeville, Minnesota.
I•
SCHEDULE B
NOTICE OF PUBLIC HEARING REGARDING THE SALE OF
CERTAIN LAND BY THE HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF LAKEVILLE, MINNESOTA
Notice is hereby given that The Housing and Redevelopment Authority in
and for the City of Lakeville, Minnesota, will hold a public hearing on May 18, 1987
at 8:00 p.m., at 7773 - 214th Street, Lakeville, Minnesota, to consider the sale of
the following legally described Land pursuant to Minnesota Statutes, Section
462.525:
Property Identification Number
23- 02900- 011-02
Section 29, Township 114, Range 20
The NW 1/4 of the NE 1/4 except the South 671.35 feet of
the East 395.17 feet of the NW 1/4 of NE 1/4 of Section
29, Township 114, Range 20, City of Lakeville, Minnesota.
The Authority proposes to sell such Land pursuant to a development
contract to be entered into with Arkell Development Company, having its principal
offices in Minneapolis, Minnesota, which contract will require the purchaser to
develop the Land pursuant to the redevelopment program for Redevelopment Project
No. 1. In determining a purchase price for the Land the Authority will take into
consideration the fair market value for the Land, subject to the development
contract.
All persons desiring to be heard at the public hearing will be given an
opportunity to speak.
BY ORDER OF THE HOUSING AND
REDEVELOPMENT AUTHORITY IN
AND FOR THE FITY OF LAKEVILL
MINNFSIfiAZ, / ��