HomeMy WebLinkAboutResolution No. 98-04 EDAMember Bergeson introduced the following resolution and moved its adoption:
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 98-04
RESOLUTION AUTHORIZING PREPARATION OF
A REDEVELOPMENT PROJECT PLAN
WHEREAS, The City Council of the City of Lino Lakes (the "City") established the Lino Lakes
Economic Development Authority (the "Authority") in 1990 and conferred upon it responsibility
for economic development within Lino Lakes; and
WHEREAS, the area of the city in the vicinity of I -35W and Highway 23 known as the Town
Center has not developed solely through private efforts in a manner consistent with its prominence
,-t within the city and which justifies the public expenditures for infrastructure improvements which
have been made; and
WHEREAS, it appears that it will be necessary to provide public assistance to assist development
in the area to achieve the city's goal for quality commercial development within the Town Center;
and
WHEREAS, it has been proposed that the area generally known as the Town Center be
established as a Redevelopment Project pursuant to Minnesota Statutes, sections 469.001 through
469.047 (the "HRA Act") in order to offer financial assistance to selected projects.
NOW, THEREFORE, BE IT RESOLVED by the Lino Lakes Economic Development Authority
as follows:
1. Staff and Kennedy & Graven, Chartered are hereby authorized and directed to prepare a
Redevelopment Project Plan (the "Plan") concerning the Redevelopment Project.
2. The executive director of the Authority is authorized and directed to schedule a meeting
on Monday, November 23, 1998 at 6:00 p.m. in the council chambers at city hall, at which time
the Authority will consider adoption of the Plan and the establishment of a Redevelopment
Project Area.
3. The staff and consultants are authorized and directed to take all steps necessary to bring the
Plan before the Authority at the November 23, 1998 meeting.
4. The city council of Lino Lakes (the "City") is urged to schedule a public hearing on the
proposed Plan to be held as soon after consideration of these matters by the Authority as
reasonably possible.
Dated: September 28, 1998
AT
Executive Dire or
Kimberly A. Sullivan, President
The motion for the adoption of the foregoing resolution was duly seconded by member
Neal and upon vote being taken thereon, the following voted in favor thereof
Neal, Bergeson, Sullivan
and the following voted against same:
Dahl, Lyden
Whereupon said resolution was declared duly passed and adopted.