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RESOLUTION 04-54
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
A RESOLUTION AUTHORIZING THE TRANSFER OF $100,000
TO THE DOWNTOWN REDEVELOPMENT FACADE IMPROVEMENT PROGRAM.
Motion By: LEMAI R
Second By: BLOMBERG
WHEREAS, the City's 2020 Vision and Strategic Plan places a high priority on the redevelopment of
Downtown Prior Lake; and
WHEREAS, on June 17, 2002, the City Council established a matching grant program to encourage
Downtown building fac;ade improvements and provided funds for the program; and
WHEREAS, to date, seven business owners have participated in the program investing an estimated
$347,800 in revitalizing their Downtown buildings; and
WHEREAS, the City Council has determined that this valuable and successful program is in the public
interest and serves to encourage the revitalization of the Downtown commercial area
consistent with its design guidelines.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA that:
1. The recitals set forth above are incorporated herein. ,
2. Staff is hereby authorized to transfer funds in the amount of $100,000 from the Downtown Tax
Increment Financing district to the Downtown Redevelopment Fac;ade Improvement Program.
PASSED AND ADOPTED THIS 15TH DAY OF MARCH, 2004.
YES
NO
Haugen X Haugen
Blomberg X Blomberg
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
?aJrH-
City Manager, City of Prior Lake
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245