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09/14/1998 Council Packet
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09/14/1998 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
09/14/1998
Council Meeting Type
Regular
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Member introduced the following resolution and moved its adoption: <br />LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY <br />RESOLUTION NO. 98 -04 <br />RESOLUTION AUTHORIZING PREPARATION OF <br />A REDEVELOPMENT PROJECT PLAN <br />WHEREAS, The City Council of the City of Lino Lakes (the "City ") established the Lino Lakes <br />Economic Development Authority (the "Authority ") in 1990 and conferred upon it responsibility <br />for economic development within Lino Lakes; and <br />WHEREAS, the area of the city in the vicinity of I -35W and Highway 23 known as the Town <br />Center has not developed solely through private efforts in a manner consistent with its prominence <br />within the city and which justifies the public expenditures for infrastructure improvements which <br />have been made; and <br />WHEREAS, it appears that it will be necessary to provide public assistance to assist development <br />in the area to achieve the city's goal for quality commercial development within the Town Center; <br />and <br />WHEREAS, it has been proposed that the area generally known as the Town Center be <br />established as a Redevelopment Project pursuant to Minnesota Statutes, sections 469.001 through <br />469.047 (the "BRA Act ") in order to offer financial assistance to selected projects. <br />NOW, THEREFORE, BE IT RESOLVED by the Lino Lakes Economic Development Authority <br />as follows: <br />1. Staff and Kennedy & Graven, Chartered are hereby authorized and directed to prepare a <br />Redevelopment Project Plan (the "Plan") concerning the Redevelopment Project. <br />
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