HomeMy WebLinkAbout89-02THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF LAKEVILLE
COUNTY OF DAKOTA
STATE OF MINNESOTA
RESOLUTION NO. 89 -2
RESOLUTION REQUESTING THE CITY COUNCIL OF
THE CITY OF LAKEVILLE TO CALL FOR PUBLIC
HEARING ON THE PROPOSED DESIGNATION AND
ESTABLISHMENT OF REDEVELOPMENT PROJECT,
DESIGNATION OF TAX INCREMENT FINANCING
DISTRICT NO. 11 TO BE LOCATED WITHIN THE
REDEVELOPMENT PROJECT AND THE PROPOSED
APPROVAL AND ADOPTION OF A REDEVELOPMENT
PLAN AND 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 designate and establish a Redevelopment
Project (the "Project "), establish Tax Increment Financing District No. 11 (the
"Tax Increment District ") to be located within the Project and to adopt a
Redevelopment Plan (the "Redevelopment Plan ") and Tax Increment Financing Plan
(the "Financing Plan ") relating thereto, pursuant to and in accordance with
Minnesota Statutes Sections 469.001 to 469.047, inclusive, and Minnesota Statutes,
Sections 469.174 to 469.179, inclusive.
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
designation and establishment of the Project, establishment of the Tax Increment
District within the Project, and the proposed approval and adoption of the
Redevelopment Plan and Financing 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 a
copy of the Redevelopment Plan and Financing Plan to the Dakota County Board of
Commissioners and the school board in which the proposed Tax Increment District
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 Redevelopment Plan and Financing Plan at its public hearing.
4. The Executive Director of the Authority is hereby directed to submit
the proposed Redevelopment Plan and Financing Plan to the City Council.
5. Following approval of the Financing Plan by the City, the Executive
Director, together with the Authority's financial advisor, legal counsel and bond
counsel, is authorized and directed to proceed with the implementation of the
1
Redevelopment Plan and Financing Plan,
prepare and present to this Board for its
and contracts necessary for this purpose.
Dated: March 20 , 1989
ATTEST:
Executive Director
and for this purpose to negotiate, draft,
consideration all resolutions, documents
Chairperson
( SEAL)