My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
04-08-1981 Council Agenda
>
City Council Packets
>
1980-1989
>
1981
>
04-08-1981 Council Agenda
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/14/2013 2:09:12 PM
Creation date
5/14/2013 2:07:12 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
60
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
RESOLUTION RECITING A PROPOSAL FOR AN <br />INDUSTRIAL FACILITIES DEVELOPMENT PROJECT <br />GIVING PRELIMINARY APPROVAL TO THE PROJECT <br />PURSUANT TO THE MINNESOTA <br />MUNICIPAL INDUSTRIAL DEVELOPMENT ACT <br />AUTHORIZING THE SUBMISSION OF AN APPLICATION <br />FOR APPROVAL OF SAID PROJECT TO THE <br />COMMISSIONER OF SECURITIES <br />OF THE STATE OF MINNESOTA <br />AND AUTHORIZING THE PREPARATION OF <br />NECESSARY DOCUMENTS AND MATERIALS <br />IN CONNECTION WITH SAID PROJECT <br />WHEREAS, <br />(a) The purpose of Chapter 474, Minnesota <br />Statutes, known as the Minnesota Municipal Industrial <br />Development Act (the "Act ") as found and determined by the <br />legislature is to promote the welfare of the state by the <br />active attraction and encouragement and development of economi- <br />cally sound industry and commerce to prevent so far as possible <br />the emergence of blighted and marginal lands and areas of <br />chronic unemployment; <br />(b) Factors necessitating the active promotion <br />and development of economically sound industry and commerce are <br />the increasing concentration of population in the metropolitan <br />areas and the rapidly rising increase in the amount and cost of <br />governmental services required to meet the needs of the <br />increased population and the need for development of land use <br />which will provide an adequate tax base to finance these <br />increased costs and access to employment opportunities for such <br />population; <br />(c) The City Council of the City of Little <br />Canada ( "the City ") has received from a Minnesota partnership <br />to be formed by O. Larry Lee and others to be designated (the <br />"Company ") a proposal that the City undertake to finance a <br />Project known as Yorkton Industrial Park North Building E <br />hereinafter described, through the issuance of revenue bonds in <br />the form of a single debt instrument ( "the Note ") pursuant to <br />the Act; <br />(d) The City desires to facilitate the selec- <br />tive development of the community, retain and improve the tax <br />base and help to provide the range of services and employment <br />opportunities required by the population; and the Project will <br />8 <br />
The URL can be used to link to this page
Your browser does not support the video tag.