HomeMy WebLinkAbout87-12THE HOUSING AND REDEVELOPMENT AUTHORITY
• IN AND FOR
THE CITY OF LAKEVILLE
COUNTY OF DAKOTA
STATE OF MINNESOTA
RESOLUTION NO. 87-12
RESOLUTION REQUESTING THE CITY COUNCIL OF
THE CITY OF LAKEVILLE TO CALL FOR PUBLIC
HEARING ON THE PROPOSED ESTABLISHMENT OF
AN INTEREST RATE REDUCTION PROGRAM,
HOUSING DEVELOPMENT PROJECT PLAN AND TAX
INCREMENT FINANCING DISTRICT NO. 8, AND
APPROVE AND ADOPT THE PROPOSED TAX
INCREMENT FINANCING PLAN RELATING
THERETO.
BE IT RESOLVED by the Board of Commissioners of The Housing and
Redevelopment Authority in and for the City of Lakeville, Minnesota (the
"Authority "), as follows:
1. The Authority proposes to establish an Interest Rate Reduction
Program, Housing Development Project Plan and Tax Increment
Financing District No. 8 and to adopt a Tax Increment Financing
District Plan relating thereto, pursuant to and in accordance with
Minnesota Statutes, Sections 469.001 to 469.047 and Sections 469.174
to 469.179, inclusive, as amended.
2. The Authority hereby requests the City Council of the City of
Lakeville, Minnesota (the "City ") to call for a public hearing to
consider the establishment of an Interest Rate Reduction Program,
Housing Development Project Plan and Tax Increment Financing
District No. 8, and the proposed approval and adoption of the Tax
Increment Financing Plan (the "Plan ") relating thereto and to cause
notice of said public hearing to be given as required by law.
3. The Authority hereby directs the Executive Director to transmit
copies of the Plan to the Dakota County Board of Commissioners and
the school board of any school district in which any portion of the
proposed Tax Increment Financing District No. 8 is to be located, and
to advise the Commissioners of the County Board and the members of
such school boards that the Authority intends to consider approval of
the Plan at its meeting on December 21, 1987.
4. The Executive Director of the Authority is hereby directed to submit
the proposed Plan to the City Council.
The motion for the adoption of the foregoing resolution was duly seconded
by Boardmember Sindt , and upon vote being taken
thereon, the following voted in favor thereof:
Sindt, Harvey, Nelson, Zaun, Enright
and the following voted against the same:
None
whereupon said resolution was declared duly passed and adopted by the Boardd6
Commissioners of the Lakeville Housing and Redevelopment Authority of the City
of Lakeville, Minnesota, on December 7, 1987.
Dated: December 7 .1987.
(SEAL)