Laserfiche WebLink
cartain tii�i ro;i 1�q cipf-tui , iril of hir, hoinrt and rurl-, 11vol-oFrd <br />mpnilrivimp hils "Irel'. 4cr pulAtE fis requl� ed 1'� low <br />G . Orl tilt, 141dL;r, of 11 frJ!matJ(,f1 ijivoff tht" Lity to date, and Witt-, (jue <br />cor-sideration ior tho vfutw1i expressed at the nublic nearing oil tVe <br />pfoposed Projecti ii appears thAt it would bo In the beat Interests of the <br />City to issue its ­v011ue hollf:r, linder the provisions of the Act to finance <br />the Project. <br />2� The Project is hareby given prialunmary alTrf-,val I)y th- City <br />0 at d <br />the isfivaries of tax-exempt comfuercial davelopmart ravo-nua bonds in on <br />aggregate amount riot to exce-rd to finance the Project it alto h@raby <br />prel itnarily approved, sut-;ject to approval of tho P/ <br />-f jill of tI:r dl.�Iallz of the financing by this <br />of Securities and to final approval rl �ujm-vt hy thr Commiortin-n-fer <br />Council, the D*volhnor Ant -i thp F­pntc�d *, - -4-, <br />- �L � nf �ht b3nd. T "I r <br />commorcial davelopmmit ravertue bonds are not to be payable from nor charged <br />upon Afty funds other than Project revenues and' there shalf be no right in any <br />bondholder to compel the- City to oxiarcl-o its toxing power to pity the bonds or <br />interest thereon nor to Orifort r pryment aqvinst any property of the city� <br />31 In accordance with Section 474.(_111, Subd, Ti of the Act, the Mayo#, <br />and the City Clark - Administrator of the City are hereby authorized and <br />directed to submit tho oroposel (or the Project " the Commissioner,of Sacuritlat <br />and Real Estate, requesting approval of the Prrlect, The Mayor, City Clark - <br />Administrator, Lity Attorney and either offirers, I employees and agents of the <br />_-C4tY-4P#-4ww*bY- ­suthori"d- tvv p"444 -Ar the irn <br />--mmisslimer w, h Any prallmAri"r <br />Information shis,may need for th:'s purpose, and the City Attorney Is authorlited <br />tO Iftitl4ts 41111illit In- th* preparation of such dwcuments as mav be <br />appropriate with respect to th* Proj- finsocing. <br />act <br />-4, 0101"nhOM101'r WOW, FQ#Av, Shapard imal Do no IV, Minneitpo it/ <br />— --n- 0 __ __ 4 <br />-It.­:,#f1UJ-# MIM410ii Is hereby as Bond Counsel with respect to -the <br />1981 <br />V <br />Atte <br />Ulty Clisek-T—railk Cr9r-1 <br />T7 <br />