88-12
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
e
DATE:
February 8, 1988
RESOLUTION NO:
88-12
MOTION BY:
Horn
SECONDED BY:
Hamilton
A RESOLUTION AUTHORIZING EXPENDITURES
FROM TAX INCREMENT DISTRICT #2
WHEREAS, the City of Chanhassen has been a member of the
Southwest Corridor Coalition to improve Trunk Highway 5 since its
inception; and
WHEREAS, traffic counts on Trunk Highway 5 exceed the traffic
levels for a two lane facility; and
WHEREAS, the accident severity rates are high on Trunk
Highway 5; and
WHEREAS, the Southwest Corridor is one of the fastest growing
sectors of the metropolitan areas.
WHEREAS, Trunk Highway 5 serves as a vital entryway into
Chanhassen for its residential, commercial and industrial develop-
ment; and
--
WHEREAS, Trunk Highway 5 provides important access for out
state areas; and
WHEREAS, the City of Chanhassen created Tax Increment
District #2 and an Economic Development District to assist in
road improvements to improve the level of service of Trunk
Highway 5;
WHEREAS, the Minnesota Department of Transportation needs to
complete preliminary design work on Trunk Highway 5 in order to
complete the four lane improvement into Chanhassen.
NOW, THEREFORE, BE IT RESOLVED, that the City of Chanhassen
authorizes the expenditure of $25,000 in 1988 and 1989 from Tax
Increment District #2 to contribute to the completion of the pre-
liminary design work of Trunk Highway 5.
Passed and adopted by the Chanhassen City Council this
8th day of February_, 1988.
ATU U9YJ
Don Ashworth, City Manager
,~'
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YES
NO
ABSENT
Hamilton
-_._-
Boyt
Johnson
Horn
None
___~eving