82-06HOUSING AND REDEVELOPMENT AUTHORITY
OF
CHANHASSEN, MINNESOTA
RESOLUTION APPROVING PARTICIPATION OF
DAVID W. BROCKPAHLER IN
ASSESSMENT REDUCTION PROGRAM
Dated: May 20, 1982
Motion By Commissioner Bohn
Resolution No. 82-6
Seconded by Commissioner Whitehill
WHEREAS, David W. Brockpahler (Brockpahler), the
owner and developer of Lot 1, Block 1, Chanhassen Lakes Business
Park, Carver County, Minnesota (the "Subject Property"),
appeared before the Authority in 1980, and requested that the
Authority assist him in his development of the Subject Property
by utilizing a portion of tax increments received by the
Authority pursuant to Section 462.585 of Minnesota Statutes
to pay a portion of the costs of the City of Chanhassen Project
78-3 which was assessed against benefited properties including
the Subject Property; and
WHEREAS, the Authority previously approved such
assistance to Brockpahler contingent upon the Authority's bond
counsel issuing an approving opinion for such assistance; and
WHEREAS, Brockpahler, relying on the Authority's said
action proceeded to complete his development of the Subject .
Property; and
WHEREAS, the Authority by its Resolution No. 82-3
dated March 18, , 19 82 , adopted Modification No. 5
to the Chanhassen Downtown Redevelopment Project, thereby
·
instituting a comprehensive program for the reduction of certain
assessments on certain lands in Chanhassen Lakes Business Park
including the Subject Property; and
WHEREAS, the assessment reduction program described
in said Modification No. 5 is similar in substance to the form
of assistance to Brockpahler which was contemplated by the
Authority in its previous action;
NOW, THEREFORE, BE IT RESOLVED, by the Chanhassen.
Housing and Redevelopment Authority, as follows:
1. The participation of Brockpahler in the assessment
reduction program established in Modification No. 5 to the
Plan is hereby approved retroactively, provided that
Brockpahler execute an assessment agreement with the Authority
in the form attached hereto and made a part hereof as Exhibit A,
including the first Addendum to said agreement.
2. The amount of the Brockpahler assessment reduction
payment under said assessment agreement is hereby determined
to be $26,348.00.
3. The Chairman and Executive Director of the Authority
are hereby authorized and directed to execute said contract
and addendum on behalf of the Authority.
4. The assessment reduction payment under said assessment
agreement shall commence in 1983 with the payable 1983 taxes.
Passed and adopted this ~ day of
1982, by the Housing and Redevelopment Authority of~he City
of Chanhassen, Minnesota.
Chairman
Attest:
Execut'ive Director
Yes
Horn
Whitehill
Bohn
No
None
Absent
Gullickson
Russell
-2-