HomeMy WebLinkAbout00-232 City of Lakeville
Resolution
Date September 18, 2000 Resolution No. 2000-232
Motion by Mulvihill Seconded by Johnson.
RESOLUTION RELATING TO THE BUSINESS SUBSIDY FOR
D.R. HORTON INCORPORATED OF MINNESOTA AND .APPROVING
THE CONTRACT. FOR PRIVATE REDEVELOPMENT BETWEEN THE
CITY OF LAKEVILLE AND D. R. HORTON, INC.-MINNESOTA
WHEREAS, the City of Lakeville with authorization from"the Lakeville Housing &
Redevelopment Authority has held a public hearing regarding the jobs creation
requirements. and business subsidy relating to the proposed D.R. Horton Incorporated of
Minnesota project; and
WHEREAS, the Tax Increment Financing plan includes a business subsidy in excess of
$100,000; and
WHEREAS, the determination that job creation and retention'is not a goal for the
redevelopment for this project.
NOW THEREFORE BE IT RESOLVED, By the City Council of Lakeville,
Minnesota:
1. The Council determned'that the creation or retention of jobs is not a goal of
the project.
2. The Contract for Private Redevelopment between the City of Lakeville and
D.R. Horton Incorporated of Minnesota is approved and the Mayor and City
Clerk are authorized to execute the Contract.
Approved and Adopted by the City Council of the City of Lakeville, Minnesota, this 18'~
day of September, 2000.
City Of Lakeville
By
Duane Zaun, Mayo
A est:
Charlene Friedges, City Cler