HomeMy WebLinkAboutResolution 0909i4
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P Ru,j 1:vI* P.m-] PI-LIA,'41ilidi'l
P,V.IAiuW� 1.0 -111, 4 11
4 - T To MINRNIESOTA
Al i. . II - i -C
ANO
A14 APPLICAT11DIN' ftly %r"HOVAL 01. '!AIJj
PR.C-.7WI- '1'0 THE Ccj*-%M,��MNPIX W., f—OCIVP I
Or
Tur PrATT' 0
F AND AUTIRYRT�TNr
THr PAEDArATTOMI )r Nr.Cn,'S,%TI'f DOCMIrNTS. AND
AtLATED MATTtRP IM CONNECTIC)"J" "ITFIP-H 19-117)
i'EQ. 1 EC , i
WUREAS,
(a) 'ni" re !ue",
It M-0 ) f v a7vT- - - i -t -u --
pa t TTpr 7- -m. rm
office and warahoiire Nici 14 1 ty profmrmfl to I)c. I va a u d t 0
NasCo Worth Vantral, Inc., a Wrmc-6ota corporntion, (harv�
u4i"or -11-Prupect.9) varran-to thtj support oi -the city Gi
Mounds Vi,.Pw, because (i) the. City has an 4ntervat in the
WIF
fwamtiw of.w4trehoulan and rjf fion fa-ilit-ict'. Within itf--
Itie'l U111 Im c v),
job upportun- -1 ant -
m it U-1). ad - F- - -, a d
by thf Pr*'-.ctj (iij.) tho C.I.ty'a tax baou will be rip raved
FE
(h) The Appli-ants arti partners in an ixist-1114
pirtrormhi" (thr Pirl I n ishi t umiri' the lawf' Of tI t fp
of -Xi- A --b- t and tho Tarth-crnhip rhall lie thc d6velopek
of the Projuct heroin duscrioud.
(0 Thij PUJIVOR" U-1 ChmiLur 474# llinhom/ota/
Statuten, hnfmn an tho 14inneacna Mwicipal Indur—:ial
ftve.-Yormunt Act (hormi nfif ter ral led "Airt") np f t f1tv!
46torminud )jY tht? 1vtji"IdL"jLI it. tu pruillutt: the wt-all'are
vf 01t, stnto jr, jrt-iv,� att-1-nmArn, -nvnxirmcjrtn�--t!i, And
davelop Pnt nf nound deve-lopmont proporlaIrs.
W P141 1 E. d
h tj jme,�j.�,rv, yi t elf
1vidumtrial (i Lit I
cir part 13Y tliu 1'� opomod I r I n kil-mvl� i 1111moll i vu-tvvilue "Ott -
w, I L ho rliaw f.jt- j 1 11 1 1 �. I ,
I itiot; cmi ancl warphoure upace
of approximately 40,9iM u(,;,.nre feet, nnd cm -mists of the
mnmtruv�10rj and inst-U-111irlim-, trivrPon of buildinilb and
impt ovota
twj-,L,* [Loiii Liil,. a"Lu fuk:1,, Aiij will !it
ertiplo�jtietit of r1rinif1ceint 171 -_I t i 011,41 j-"rH0jjfj t -_O Woj��k Within
the now fficilitica.
(Y) The City hau laeun advised by the Applicants
that clonvontional, commorvi", fiNancing to pay the capital
Widn- - on y at
rt"Tyitrf t-hf� 1-'R avijilablr- 1 nueh
;;Mtn of borrowing that thv t-conengiv- fensibility of
undartakinq the "roA -Out would be reducod# c -r eliminated and
th� Apyll--�ILv 1 -IV V 141:;u U -JE Council Lhat with the
Aid UJC W'Miatpd'. finAnCillg, wid il-n reov * ting lower borrowing
Tmzt� thn Projtrt 4-s doonuinu-cually amvnred.
NOW THLALPORW, W IT RMSOLIVED by dio City Council
y. or- how3ndta Virlut, Mitin6brita, -is 2 G 11 P -w j t i
"Phe Commil n reby � q4 vqr� Pralimthalry- up
to that propoaal of the Applirantr. that thr City undoitekn to
ausaiit in finarit-intj cite- 11m.')aut plUrstumt to Chapt-@'i 474,
jftt�jojj Ujf filell.itiji" WjjAjn
utructi6n- Ad ih"t/I -ho City
L -
1 1 ht t
A
t
(.:,i L' I f
V i it i
f I I i
fit- 101— VL7
dtzvo (qxr-1-11,
I t
pruiv
d f 7 1 U-- r
1 -11 r, v I - v
mid --q I I I y Jm
i i kill t I t --
C I ty
1 n awl; -1 1
V ;iq
W P141 1 E. d
h tj jme,�j.�,rv, yi t elf
1vidumtrial (i Lit I
cir part 13Y tliu 1'� opomod I r I n kil-mvl� i 1111moll i vu-tvvilue "Ott -
w, I L ho rliaw f.jt- j 1 11 1 1 �. I ,
I itiot; cmi ancl warphoure upace
of approximately 40,9iM u(,;,.nre feet, nnd cm -mists of the
mnmtruv�10rj and inst-U-111irlim-, trivrPon of buildinilb and
impt ovota
twj-,L,* [Loiii Liil,. a"Lu fuk:1,, Aiij will !it
ertiplo�jtietit of r1rinif1ceint 171 -_I t i 011,41 j-"rH0jjfj t -_O Woj��k Within
the now fficilitica.
(Y) The City hau laeun advised by the Applicants
that clonvontional, commorvi", fiNancing to pay the capital
Widn- - on y at
rt"Tyitrf t-hf� 1-'R avijilablr- 1 nueh
;;Mtn of borrowing that thv t-conengiv- fensibility of
undartakinq the "roA -Out would be reducod# c -r eliminated and
th� Apyll--�ILv 1 -IV V 141:;u U -JE Council Lhat with the
Aid UJC W'Miatpd'. finAnCillg, wid il-n reov * ting lower borrowing
Tmzt� thn Projtrt 4-s doonuinu-cually amvnred.
NOW THLALPORW, W IT RMSOLIVED by dio City Council
y. or- how3ndta Virlut, Mitin6brita, -is 2 G 11 P -w j t i
"Phe Commil n reby � q4 vqr� Pralimthalry- up
to that propoaal of the Applirantr. that thr City undoitekn to
ausaiit in finarit-intj cite- 11m.')aut plUrstumt to Chapt-@'i 474,
jftt�jojj Ujf filell.itiji" WjjAjn
utructi6n- Ad ih"t/I -ho City
L -
I- t 1,,, 1 1 1 011 flu"j-1 I lri�
o I ii.lo �iti
al- V.
L ji
t tj 1 11 t -1 Ii, ci it rl I f; r n I Fi-
Oil t j j oll jjv.t I LOAL,.! Lo t 11 j 15
or m4vf"I in ecinnooti0ii
rovu?nAm 11-jay"'I in tiny
bur.1nana l�,jLlj.Lli L11V i I tit
j '_A._lt -hr- availability of
474iO7 of Lilt, !JnAC:iDta M
the Acl MW Williliil!' fit-tit LI i w C I L y t -
the f inane=Ln(j un0or
furniah such finanoln" wlil 1— l'"batunLial be ' nO,f i � to
- (-7 i i- i : ; �O'Oct# and t1lat the
the Partm�rship .0 V;k_;qjlU- th Z ). - .1 -
ml, will "nuour"qu
pffunt of thn Projeot, iJ kin -.-C
e a o n om I v 1. y ;,.;4 1 nT -:11 hf-Ir to Provirle the
range of 80tvican# antl wo apaco, an4
OM poptiIaLion Of Moundlill
ployfijant opportunItIeU r.-j"iri-A hY., ; Pr ta3vntce!
t
View, and will 001P tu P*f�'VOJ Ult.; it, --mom
the*
Ancl ed"catotl 1 7irnnna out cf 1,1110 i4nd to arvan within
-ly Uri@
caf-,tj u, d
qt_atu wlhayo L-1,10ir rorvIct-Pi 4 L ff.
36 8.2 d Pm _ U is Ilk. given prQIIIdinOiY a -p-
X 'rujact. by.
MOVOI bY thu C 1 �ty jrabjuci; to tile "i;P VVAI of tile
the Cq m. -.'el ru!J4.0et to M101. mpproval
iGNU04-
by thig Council Olid t1lo Partnurr-hip of Ole note to be
and an to tjjc,� (I -A -AID Of TillIrIOT.
4. In accord -In -n! with Subdi'liaim 7 of Section
Statutem , yor of tho City in hereby
474.01, 14'.nnonnta the MA,
authcrfrcd mil M124-ol .4 t tho ),aupomil r or tho aYovo
/VI
domorihod Pro-j"Ot to Ole Cullirri of Securities
rriquLn"tinq his approval, "nil Othc-T=
mionta bf tile City ary
commi.mr-intiur with , r InfolArWA011 an 110 mny
t
III i r b ThV API-11120fitt" '1tPv_r-.t1 lf'
Of,- Oi.ty in
dot nriiil twil IlAi-At
Wj t), Lim ProW t in
tj iqiji thci, t)j nuL tiplOovild hY thu
citkrriod to compirtion tm,, �j
.1 - - I I C, i l, -1 ! .,. (it- 111"U.
colillill bli-It.Mill ,
0'
C un L u 1 L a 1.f,.L
ma L Ll I L i 1
If. :1 1 Y k iiii J i I i i
Cou I) C -L 14 f L�J f i 1 1: 2
till Y mll,) v I ,'I rimllu .1i J � t
Ll i o 17 f
C-) I t. 1*1 L- 1 v, lit j cj 1: C) a- J f. j I i d
IM -
0071, L LULO i VM Cil- 0.-H- Ul A�Y ilh;. ur Pumitmilln,
Uyint'. an y 1 -1 r, I r ty r Fill i i -t n 1-I 1 1 v i t2 u - t h(2 !I I-. C t j (1
ttir, ro"'C'milt, 11('12('or w- "holl 4-1!o (A h,
bs mklll�iivt 1 1, MOv Tim 11f)"'JI41111v. 11i I-]] I
nri
neve r have th�.- TirT mr rn cmillf-I I-,- C-f-rc M n f thr, t.;
power ut Lhv- '.:� �y Lu p44y tll--- slul.e- ur Lfiv- inLeteaL Litexurum,
nor to ontnrce PavTnnnt thereof aqninnt any rraperty nf thr.
City umumpt Lho Project. 'I'lic 14clbi-z allall. recite in vubgtmirm
that tho Note-, ineluding illtero'vt thereon, it --1 pavablie sulply
from the mventio pledgea to tile pavlae-FL thort.of . NO 140tv
immued herounder ahjIl con.-it-ituLe debt of 't -lie City within
the nmanl;iq U f any c-u."6"i L U L a --1" 1 1
7. In anticli:-anioil of the aV-,)ravn1 by th.�
of stfocuri't-cam fulu UJU �,utuajmml cii Lho Revi-nuo
Note to ftnnnce n -tirtivn nf the Projeot, Anei ir, order .-.bnt-
completion of We Pro'iiact- will not bu unduly dal'bi-ed whorl
aplToved, Lite lillmlican!.n LuA�ci F I Ire hercib'01
a"thuri"ed to malt -i t---uc'j cxpenOiturc-,a and a1NV-1%In4vfi townrd
elf Wit portion of tl)@ cost- of the Projuut. to be
Vf�-O'Z.O"d from Lij. --2—vveds ui tau ��Iveq-c'e MAP DO tbrd-
APPI-tc�rjti- xld/nr Partritqr�--hmp connidorn mnrarnsr�, includin'91
Will utsu ui i�IjLk 1, im, fi)wt i.- tu!"J'Jo
rrom Hit- 17)rocn,�rl- of the !',rvr�nup Nato, W11cl.r � and
r- doliverod, but ildic-r-wigr- witho-tit liability on the- part of
tho City.
Adoptirld hv till, L'ItV ("mmuil of thv City of V401111dw
Viow, mlime5cifla thim, 24thdil"T I , 197P.
0 4; 1 Y � 7 7
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At t(! I, I
city
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