86-06 CITY OF CHANHASSEN
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION
DATE: December 4~ 1986
RESOLUTION NO.: 86-06
MOTION BY: Horn
SECONDED BY: Swenson
A RESOLUTION APPROVING ASSESSMENT AGREEMENT
FOR ALSCOR INVESTORS JOINT VENTURE
WHEREAS, Alscor Investors Joint Venture (the
"Redeveloper"), owner of the following described real property:
Lots 1 and 2, Block 4, Chanhassen Lakes Business Park
Carver County, Minnesota.
have tendered to this Authority a proposed assessment agreement,
pursuant to Modification No. 5 to the Chanhassen Downtown
Redevelopment Plan, providing for the construction of certain
improvements within the Chanhassen Downtown Redevelopment Project
Area.
NOW, THEREFORE, BE IT RESOLVED,
1. The proposed Assessment Agreement is hereby approved as con-
sistent with the Authority's Special Assessment Reduction
Program.
·
The Chairman and Executive Director of the Authority are
hereby directed and authorized to execute on behalf of the
Authority said assessment agreement in the form attached
hereto and made a part hereof, as Exhibit A.
·
The Chairman and Executive Director are hereby specifically
authorized to make assessment reduction payments pursuant to
said assessment agreement on the basis of the Minimum Market
Value set forth in Section 3.3, and as computed in Section
3.2 of said agreement.
·
The amount of the assessment reduction payment under said
assessment agreement is hereby determined to be $90,489.00
which amount is based upon the Authority's determination that
outstanding levied eligible assessments total $92,070.02.
Passed and adopted this 4th day of December, 1986, by
the Housing and Redevelopment Authority of the City of
Chanhassen, Minnesota.
Clifford Whitehill, Chairman
Yes: Whitehill, Horn, Bohn, Swenson and Robbins
No: None
Absent: None