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CITY OF FALCON HEIGHTS <br />• Pursuant to due call and notice thereof, a special meeting of the City <br />Council of Falcon Heights, Minnesota was held on the 30th day of November, <br />1983. <br />The following members were present: Mayor Warkentien, Councilmembers <br />Ciernia, Chestovich and Eggert, and the following were absent: Councilmember <br />Larson. <br />Councilmember Eggert introduced the following resolution and moved its <br />adoption: <br />RESOLUTION 83-43 <br />A RESOLUTION CALLING FOR A PUBLIC HEARING ON A PROPOSAL FOR <br />A COMMERCIAL FACILITIES DEVELOPMENT PROJECT PURSUANT TO THE <br />MINNESOTA MUNICIPAL INDUSTRIAL DEVELOPMENT ACT <br />WHEREAS, Chapter 474, Minnesota Statutes, known as the Minnesota Municipal <br />Industrial Development Act (the "Act") gives municipalities the power to issue <br />revenue bonds for the purpose of the encouragement and development of economically <br />sound industry and commerce to prevent so far as possible the emergency of <br />blighted and marginal lands and areas of chronic unemployment; <br />WHEREAS, the City Council of the City of Falcon Heights (the "City") has <br />received from Bullseye Golf Center, Inc. (the 'Company") a proposal that the City <br />assist in financing a project hereinafter described, through the issuance of its <br />industrial revenue bonds pursuant to the Act; <br />WHEREAS, before proceeding with consideration of the request of the Company <br />it is necessary for the City to hold a public hearing on the proposal pursuant <br />to Section 474.01, Subdivision 7b, Minnesota Statutes; <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Falcon <br />Heights, Minnesota, as follows: <br />1. A public hearing on the proposal of the Company will be held <br />at the time and place set forth in the Notice of Hearing <br />hereto attached. <br />2. The general nature of the proposal and an estimate of the <br />principal amount of the Bonds to be issued to finance the <br />proposal are described in the attached form of Notice of <br />Hearing. <br />3. A draft copy of the proposed application to the Minnesota <br />Energy and Economic Development Authority, for approval of <br />the project, together with proposed forms of all attachments <br />and exhibits thereto, is on file in the office of the <br />Clerk Administrator. <br />• <br />