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RESOLUTION CALLING FOR A PUBLIC HEARING <br />ON A PROPOSAL FOR A COMMERCIAL <br />FACILITIES DEVELOPMENT PROJECT <br />PURSUANT TO THE MINNESOTA MUNICIPAL <br />INDUSTRIAL DEVELOPMENT ACT AUTHORIZING <br />THE PUBLICATION OF A NOTICE OF SAID HEARING <br />WHEREAS, <br />(a) Chapter 474, Minnesota Statutes, <br />known as the Minnesota Municipal Industrial <br />Development Act (the "Act ") gives muni- <br />cipalities the power to issue revenue bonds <br />for the purpose of the encouragement and <br />development of economically sound industry <br />and commerce to prevent so far as possible <br />the emergence of blighted and marginal lands <br />and areas of chronic unemployment; <br />(b) The City Council of the City of <br />Little Canada (the "City ") has received from <br />A. G. Mueller, an individual residing in <br />Roseville, Minnesota (the "Company ") a <br />proposal that the City assist in financing a <br />project hereinafter described, through the <br />issuance of its industrial revenue bonds <br />(which may be in the form of a single debt <br />instrument) (the "Bonds ") pursuant to the <br />Act;, <br />(c) Before proceeding with consider- <br />ation of the request of the Company it is <br />necessary for the City to hold a public <br />hearing on the proposal pursuant to Section <br />474.01, Subdivision 7b, Minnesota Statutes; <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Little Canada, Minnesota, as follows: <br />1. A Public Hearing on said proposal of the Company <br />will be held at the -time and place set forth in the Notice of <br />Hearing hereto attached. <br />