07-09-1986 Council Agenda - Laserfiche WebLink

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CITY OF LITTLE CANADA NOTICE OF PUBLIC HEARING ON A PROPOSAL FOR A COMMERCIAL FACILITIES DEVELOPMENT PROJECT Notice is hereby given that the City Council of the City of Little Canada, Minnesota will meet at the City Hall in the City of Little Canada, Minnesota at 7:30 o'clock p.m. on July 9, 1986, to consider the proposal of a Minnesota general partnership to be formed with O. Larry Lee as general partner (the "Company "), that the City assist in financing a project hereinafter described by the issuance of industrial development revenue bonds. Description of Project Acquisition of land and the construction and equipping thereon of an approximately 75,000 sq. ft. office /warehouse facility to be located on Lot 2, Block 1 Yorkton North Phase II, in Little Canada. The maximum aggregate estimated principal amount of bonds or other obligations to be issued to finance this project is $2,700,000. The project will be initially owned by the Company. The bonds or other obligations if and when issued will not constitute a charge, lien or encumbrance upon any property of the City except the project and such bonds or obligations will not be a charge against the City's general credit or taxing powers but will be payable from sums to be paid pursuant to a revenue agreement. A draft 'copy of the proposed application to the Energy and Economic Development Authority, State of Minnesota, for approval of the project, together with all attachments and exhibits thereto, is available for public inspection beginning June 20, 1986, from 8 :30 o'clock a.m. to 4:00 o'clock p.m., Monday through Friday, at the City Hall in Little Canada, Minnesota. At the time and place fixed for the Public Hearing, the City Council of the City of Little Canada will give all persons who appear at the hearing an opportunity to express their views with respect to the proposal. Dated this 11th day of June, 1986. (BY ORDER OF THE CITY COUNCIL) By/s/ Joseph Chlebeck City Clerk- Treasurer 1