83-03HOUSIN~D REDEVELOPMENT AUTHORI~'
OF
CHANHASSEN, MINNESOTA
RESOLUTION
DATE: May 19, 1983
RESOLUTION NO.: 83-3
MOTION BY: Russell
SECONDED BY: Bohn
RESOLUTION APPROVING ASSESSMENT AG -REEMENT FOR
ENERGY CONTROLS, INC. PROJECT
WHEREAS, Lloyd W. Miller and Barbara J. Mille~ (the
#Redeveloper%, owner of the following described real property:
Lot 6, Block 5, 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, as follows:
1. The proposed Assessment Agreement is hereby approved as con-
sistent with the Authority's Special Assessment Reduction
Program.
2. 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.
3. 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.
4. The amount of the assessment reduction payment under said
assessment agreement is hereby determined to be $21,700.00, which
amount is based upon the Authority's determination that
outstanding levied eligible assessments total $33,711.50.
Passed and adopted this 19th day of May , 1983, by
the Housing and Redevelopment Authority of the City of
Chanhassen, Minnesota.
Executive Dir'ector
Yes: Gullickson, Bohn, Horn, Russell
No: None
Absent: Whitehill