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1 1 f 1? 1 f H i I i <br />Ti '_ , it LM.Lp, TH!' MUNICt"Af. <br />INDUSTRIM, DEWLOPMENT ACT; RX-�FERRING <br />THE PROPOSAL TO THE COMMISSIONER OF <br />SECURITIES FOR APPROVALI AND AUTIJUhIZING <br />--TARATION 01' NECESSAM DOCUMENTS <br />BE IT RESOLVED by the City Couricil of the City of <br />Moun4a Vi*w, Mint*,vincita (1 -he Muidelpalityl, an fallowat. <br />SUMION I <br />Recitals nnd Findin <br />�_ _9�F <br />1.11 Phis abuholl hA# r&-e-aived a proposal that the KUhWJiP&litY <br />finance a portion of the cost of a proposed project under <br />minnesots StStutRA, Chapter 474 (th, Act), onnsiating of the <br />acquisition uf land and tha conutructiui- thuyaon of an offica and <br />warehouse facility to house design and engineering staff and <br />provide warthouse space for smembly of certain components of <br />meariplo handling systems (the Proj4wt) by Arlin Walf, -an <br />individual residing in Coon Rapida, Minnesota (hereinafter the <br />Sorrowor), to be ]eased by the borrower to Wolf and Associate*, <br />1,2* At a public houring, duly noticGd and b,�ld On May 2!t <br />QhJ#rt&Acm ano finance the rroj*ot, tlL pArti-es who iipo6t.red &�t <br />-wtrm y <br />AV <br />_pportAmit tlp�. _h"r - Vi <br />.... .. - ---- ------ <br />respect tlx"m proposal t�- undcrtake and =Inna-: ta vortion M&—the <br />cort of the Proiact. Based on such.hu.Arin "d suc t Ir icu <br />4t& —�Arcamstahoim--Az riant th n zduftc <br />-heraby -finds-, dateruittel -and declares --a ftl-1-twu <br />(a), The welfare of the State of "innaxota <br />4otive-promotion, Attraction, encouragwrent and duvelopment.of. <br />om"hi-cally: Wulld industry and ammoree -t"Cuo <br />aete to prevoutt go far as possiblAt 4mi,argenco of blighted <br />-land—&—md-arsao-ot-cbr—onic-on*Woymenti.-and--tho--Btato has <br />encouraged local government units to Act to prevent such <br />economic deterioration. <br />(b) The Project would further the general purposefi <br />00ntMPlAt#4 4A4 deacribed in Section 474.01 of the Act, <br />(a) Tho exiatrunct of the Project would add to the tax <br />base of th ipality, the County and School District in <br />which the ;roujincict is located and would provide inoreased <br />opportunities for employment for rehidonts of the Municipality <br />anC surroundiny axaa. <br />