83-02HOUSING AND REDEVELOPMENT AUTHORITY
OF
CHANHASSEN, MINNESOTA
RESOLUTION
Dated March 24, 1983
Motion by Horn
Resolution No. 83-2
Seconded by Bohn
RESOLUTION APPROVING ASSESSMENT AGREEMENT
FOR
CHANHASSEN LAKES BUSINESS CENTER
WHEREAS, ALSCOR JOINT VENTURE NO. II, (the
"Redeveloper"), owner of the following described real property:
Lots 4'& 5, 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
consistent 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 $75,288.02 which
amount is based upon the Authority's determination that outstanding
levied eligible assessments total $75,288.02.
Passed and adopted this 24th day of March ,
1983, by the Housing and Redevelopment Authority of the City
of Chanhassen, Minnesota.
ATTESW ~
Executive Director
Yes: Horn, Bohn, Gullickson
No: None
Absent: Russell and Whitehill