07-11-1979 Council Agenda - Laserfiche WebLink

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Office of: Clerk JOSEPH G. CHLLE: BECK, 515 Little Canada r Road Little Canada, Mimmf), 55117 4842177 CITY OF LITTLE CANADA RAMSEY COUNTY, MINNESOTA NOTICE OF PUBLIC HEARING ON A PROPOSAL FOR A COMMERCIAL FACILITIES DEVELOPMENT PROJECT CITY OF LITTLE CANADA MAYOR Raymond Renton COUNCIL Robert De Bace Roy P. Nadeau, Jr. Michael Fahey Beverly Scalze To whom it may concern: Notice is Hereby given that the City Council of the City of Little Canada, Minnesota, Hall, 515 Little Canada Rd., in the City of Little Canda, Minn- esota, meet at 7: 7: th o'clock City of July 1979, to consider the proposal sota, a30 o'clock P.M. on the 11th day of Mr. Jobnn Vitale, that the City assist in financing a project hereinafter de- scribed b_„ the issuance of industrial development revenue bonds. ( PROJECT ) 0. Larry Lee, President of Yorkton Ltd, Inc., an Industrial Development Firm located ro oses to build two industrial buildings on the Little Canada Industrial Park located at at 2345 T.• Rice St., St. Paul, Minnesota 5511 p consisting ut of 27,280 O ass feet per d building ten leasing ind- ustrial South of South Owasso Boulevard and East of Rice Street, for roximatelye of leasing in - s ace to tenants. The buildings shall consist of app percent (40 %) in in p fifty percent (50%) in a 14ft high warehouse and forty p an oftihe hpaar, Y p and the average space a 20ft high warehouse. These buildings shall be built in phases, per tenant shall consist of approximately 7500 square The cost analysis is as follows: Construction Contracts Architectural & Engineering Site Development, Land Soaping, Land Acquisition Legal Fees Construction Interest Costs Bond Council Underwfiting Contingencies 1 $ 402,745.00 13,400.00 131,355.00 5,500.00 21,000.00 12,000.00 10,000.00 10,000.00 606,000.00 Total project cost PHASE 2 $ 402,745.00 13,400.00 131,355.00 5,500.00 21,000.00 12,000.00 10,000.00 10,000.00 606, 000 .00 $1,212,000.00 009