Laserfiche WebLink
F x h1h1t 3 <br />1 lie Cfly C�tuflt 11 fjf Iviotitifiii "VIOW, V1111flMote 11-1 U-b�y liubmitt te thl� <br />Ciirtnissionar of 'herurit:v& qr�rl R0.91 fniAlft thit i-' tatr-rpmtt ris FY111hit 3, to he <br />CAy's ApPlication for Apraro�,,il 4;f a kilifil4r,pal J�jajuq-,Uc. Bon <br />I I Prolec, , eA <br />raquil-rd by Minnt-stntm �kintiiirs �jrrtlnr, 414 ()14 !j u t7, L4 la, a,d lr.akeg 'AIV <br />1, kapresentatives of a linutod partnorship dev@loper to be organized <br />with Krauji-Anderstin Dovelopment Corporation, a Minnesata Corporation, as the <br />general Partner thereot (the "Davolopet"). who*& sideiratio Is r1n Krous- <br />Anclorson Development Corporation, 2510 Mintiphaha Av@nva, Minn,eapolis, <br />Minnescito 55404, have enterild into discussions With OffilLiAlf, of the City <br />concerning the financing of the! casta of land acquisititin And th@ c_onstruct4�n of <br />a GOIT11111*riJal office building facility (tho "Project") to be located in the City <br />througili the i6iivanre tind sale of commorciiii ditivriopmrnt ravonue bnnds in <br />aggregate amount not to exceed (III* fionds") by the City, I'lle <br />total cost of the Project is astimsiod to br $2,000,m)O, with all fi navir-111P <br />alliptNetod to ',* j;--rovidod by tho 136vid-i., <br />2. ThO PFOjAdt will consist of a facility onclosing approximptgly 2 1 <br />It 14 anticiphted that the Bonds will be sold privately <br />square foot, 0 a or <br />mor buyers. <br />3. As noted in the �reh' <br />millat-V Resolution, the City Council has <br />determined that the Project Satisfies the Public purpose of Minnesota Statute$, <br />Section 474.01. in making this determination considerati n will alystmi to the <br />following factm. ------ to <br />_T*G�Oroloet -w444-bo- <br />W__ less <br />and cismono in the, City, <br />The "to conitruction jobs and <br />Project wIII ;r <br />now P*Msn*nt 'oba * with * a <br />_n astimatod annual psy;r6 of <br />:ZZZ <br />Th-ishvioit will add to the wovo-w-Lial tax Lake, of this and of <br />T=tw- frolact will siarv* to prevent economic deterioration Iwthsi C4-- <br />MAd-WHIAMIsfit 14 tho City. <br />V_ <br />A )FH*Y Ond bond counsel belie" that- the-- "'oct--ig a <br />tti <br />Whiod by Minnesota Statutts, Section 474.02, Subd. Is, <br />Ustect., d" 1 owl CITY 'OF M_ Uk1rA*V*1EW' MNN1SdTA____ <br />OF 4 <br />