HomeMy WebLinkAboutResolution 1347RLSOLLITION GIVIN3 PPLUMINARY APPRbVAL To AN
ULVU'_UPIMLN4 T PRf)J[C I L1NL-,1P% 711C
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A!NNft0'TA MWINWtPAi ii`lf-�OPIAI rFi410 MPI T fie -'T
pr I -T r=..f7nr%,,.-,jvv, Li tj� F I -f tha of MfjIIjI-'F 'virew- Minn-r-r-il
It Is haroby found, dotal -miner; rind doel4red 4% f0lows:
A. Tho City ij smthurized Liv beCilpfA A71.02 Subul, In of fW4 'MuniuPPI
I-r-,dij s iriai Act uhr. '!Art*') '.0 itstm its -rOvenup bvr-13- 2r
f4tingto. 4-9 Jif prjjjton#1,#*jfjg of ppoO#j-tj6q, ra &a'- or
-notat - UA w octj a f
pitrional, uted r -r wvotffil in COnni0etion W11h a
0, !h* Art ii,fJodmi Andinp. at the that ThO #t#t* what
ire
U -11C am 1pful Onvo-wilinallit ty promytia q: 4vulcip o-'-pneirw A'*v spund
in'Mey Otic folnjiiwe so as to provent 640MOWC -dots Florstion.
C_. 11,t-r4o"intotivew of a 11mited jbArtiiarehlp ejYsIhp.tr to ba brgar,146d
with Dovejupf"GO Coi paratirm- a Mirinasat4s -azie;mrstjor.,
as the 9*n*r4l parmir thereof (mis ."Otiveloptr"i havoi owyiii0a thiji
Council of tholf 210ni to 4onstrust $044 aPar-Ok- W O -Viso b4ildifig end
ty AtL
hift the
."W OT 114 ftwft0i
ita+tyoids k'uo& 14.4he k xF daiii.-Aptlow t4 which r4w muschad Vw* - Thi
Iviv it Im-.4414d - -eww" War- - -
w- v -br*mf 4iwr MOur lisch - t1w -Clt
- - - - __ __ � _ _j �t
_11va"Ir1w Aw -ptun-mos- Imp"Oulmstily
w_
0=247a<• its tTi tyic 64084!ofthe. 4-ity, ths Countf a ,t slistrict. i1v
OR
to Sa M —I
wrC m0wo"t-rovenvo-_
LAit vitt!-. ampont not 6199modl
U
I oUt _PM
V -f jh* VSMY+rfl l Mott"-
6006ftooty, W- -twomw 11401W -'A**W_V �wi
-Imestaid, we'uAid- rad vuln"torp -A thin -Alvt,
enevirags a revenus-1 rl" w
1*4-_-cmmraW mr-kat a _v%UwUw-_Pmvl#bk- addillmaj -mplp~t--
There ht'l proposod appilubtlan to
-mim"WU - C1114"Inlow OU-slourltitiI-Ind- Ral
2:
4 of fair, F )J -111.1t. 1 17,4. ut. I h t.Nv !4 1 ss C L,
0. pp ut t ic,I h I= beLe h a v it i 1;1. 1, 4 f-, 1, f I p if bi f c I f i A pac 4, im. .is t— q i I I I pe, l• I a %,v
Ur; tht jJfgitit, pt it-% with dua
fnrM8tjnV 91VOM the Eit- to date, and
Ideratibr, fcjfz ttie Viewlt OwPi-f-slird 14 the- mllbfir hearifin on tho
th! it w-f-irl R thf. f3 ,'.} i0rt
Cit`/ tfu 411401 It" ravfihilo+ Oonds finder thr prL,i%:cjn_- of the Act to finarme
-Lr-; _-.fl " , `:%:= f•;,I*,,
.11# Ojumnirp of lay vu tmpf rhmmorclal .41 rA v F. I p t- n a v p t, +r. r. 1, i v. nd it
in
_11IM"b-OU amount not to sr "*d S-2,000,10)0 to furionre the, Puri,ect is alae harsh
iy
-Sublect to qkpifovaf of tho pitti'l.-LI. limy this colimmiltfoiner
Of S VC u* ri t f* rp s- n d- t Q *f'_lil-al _g -1 all ai th*detp:.ls Of thm fih
flavifiv by 01t.
-cout-Icthe e idryeleo-f 4nd thd Proposed 0,jifthallitiry of V.& barter. "'is
colpmerciiii dowtilespmelt rever-UM b0ndf, 4ry n" W Lio ptu,able from in of A;hffu#d
ularaft any fuAds other thir, Projoi-I POVOPU404 RhO fl -eft Ithalf- bo ma rit4ht In sAv
boodhol-Jor to suffif-Ou ('I* t.t'V 16 O-Do'c" 1tr; "'Xing "err tee pixy the, banuk tyr
Interest tner",q "Of. to fnfvrfe payment bv:lwifti tii.y prnparty :if the City.
3, In 846ardaAls With fiertion 474,01, Swbd. Is of tho At* the Wyer
-vid -Ow- City -Vork- -- "ministrittur of t"- C-sem -- hweiiiv - iltulke-Miwd ikf-;tj
directre to 2ubmit t&,p rt�.�Otaj #or the- pj-jjt.,_,t to tho Cornmisslover of Speurlti4i
rim O,o#1 F4tatti. nif4vissting imppr4vol n4 'iifii i=vquut. Tho Mv,vr, �,i Nor -
k
Advoinistratar, City Mtornev Prid —6r.r officer&, frisploysmis and anontill of the
City art heroby autheriaad let
Itsl4,emeti rt *As Impt ri.040 top this murpost, end th -Izt
1: ity *tWmW I s jutjfioj Itt
In th4- OPOsiviom- sf tut -h- -derimetitc- u- !no-_bw_
Foner, mjrd and
AM 0 Psut to this=_
-oppvvrvx"w a PwAt
__7 7
Nir
--7 77 --n 7
E Ah 110 it 'A
CITY'S STAIFIVIEN,
; th.
ihm Fill L(,�rtif'1 ,f u
ui.J,.0 F..,
rtr „I.,tuta f
Lf-
i tl 3 <#�trtrrNfit Pn f;iti =i .# t� Ing,til(1i51n,i'vi t1t!t:@S AtIU trai=t*'`
f st.. A x lis s#,nn Arai id S�C�rc3 -�f 7� s`Yi Lltii( i}; i kin vomit
1 r Zit t t' sU3
r4 -
r=A.iiiirNr4 i`sV K.Iti',s5{itotiLihe .l)i:itiliS. /rat anti ,:rat 3_iza
1 , ReresE itt.ttivOv rr hT+tud Pa111 E { " r rrl r .. :Ito
. r=iea� t.mnt U"i i-Of'iklfifl '+�I�if+P¢t;T, a f fit'
r-- r n 1 0f!gr I a r p T' i th— "`+r?viirivh yr i, ::ttrY = -
-:znr nr,r rnPmC
t1 hev" P1tiAlnd Into f111CVtlt§r #, will, '411' isls ;,i
tlit*tti±taF` i
P.6 tf,Pfi/f ifit 1! {It1 fiCirls of the L dvt; of Imud 8 !##1}t`lrai �ia�# #�ti� �4i if�`:,ft'�� � --
7
F*r mrrp:'I S sS##i� i utl�ttlG #tt -iilty tthv "trOOLt I tO Ut iftCa1C i l t" f #y
ipr�{1 #{tt±&3dtyr '7 Yef�trt,pt e:+riS Flav�iosm�n t r;i t,iia t.rr{ 1g �+
ngLi i f# imunt 9A tv ai�4i#€i . 'i �,ti i;he " ridt" r t= t � It ftp _
total Gout of tier C.Strtna°tad to bra .- ,P wilco all fiTr SiHim
w"Pau ttu b* provided by ithu Oc+ndt ;
The Pruitt4 if {ilei fl #ittttIt CYFla{ Iln r ili, i ; 1 Pt iv
�I�jt!$r tst, it p
Mort
Ao rtatird In fha f'r411rt ""FY —"
—� €4stm" 1i�
htt-•the r#ifm IWISfAIta:tile :Iubfir pio,p41E+. of M(('ttli3 to POW", -
i�a#.t:r�fi +1T+f,�� r {w mt thin diitfrrnin-itw
ron confl4iretion art van
mA
- forlJOWAID IIfAUtOrt
.:
The project will ' bt retve"1041 vradu+a�AA- 4041 �Vlll
t�t�l1►-��i"Shfl1!�''�—rf�1=+L— _L'71�- ��--afR�'i#flMilt�--Ml�..t111�4—�YYiysr_ _�.s._ � .
a- -
-= tit-efs�-t dt`i, t� - -- - — --
--
�Mots
+ter nr -
IWO W.
_ = i� ! #F# I t##j'> +�iil�n-.r#ted di1S►( tr :r iAt
#
Mintif-Row i �trAtIA0i, A..Ct rn %+i i I `tt i7
Will!'{`- _mtms
—_
fA
4 -
r
f ,,hbit 4
A letter A irtont to nur-chasn the nett ISSUE Or F Itsttff t0fifil"MInU 010 f�� I�ilftr
of the Protect from a financial %tandrinint,
Exhibiti :,. nitl i
-,-A
The undersignrid as ttio duly-iost+ed gn(I acting Mayor of tho City of Mounds
View, (the "Gity"), tagur,ty �' ftamptly, Miiirieoutn, li[ie'jy '=ijbmits to tht
Commissioner of Srrorifir-i and ileal Ettete thie SqJ.ei,terat as F>fNii„t& 5, 6 and 7
{
414:i.fl= � j��t, 14, gaa.3 iii�ke� tkit• �=ll ty'3
•#af n,�.s tjf n
1. ThA Git'y, upon cantering kJo a javeritte i aearEftn.at wiIi tht private -
Lifkiele_r-.£r- will 1L�1` tcif+ tti tht i4lfaf;44rfe !?tt,grt[n#rjt nt% _iE_i—JtPf =t.
�ti �faa`.#± f[�*--mif �k 'ti�Jr, ioes�„iif'trti�i;i inay �(afiGf'iitalr. Ltisa< t�i�s�w;,�,� {i+fit-' „i#bititi�s
*-A Tl* t„ - - .t.�:s i - �# arrt-+tas i� a t sn--
fi/ i 1#a�— .i+1 R+}i �t �'�, I 4e. ;.f 4� 1i L� , �• i.1 .. ,.,-. — -
`Intarpi its;
- 8 iaf (iiilf +Tl) ormf i-Ij nlFtttre of �hF f ovetiva opi'A#fT on't ,
j) The wiii;imit 6f antes it*<umo, and
-3 ei Sush �th+fr i„f2rmation as the Crmei urrnt rraherrn edt-roil ,
3`; Tha. PrOct not itmlt1ei# inY Proviirty to We. soil -or offtitad-.W -
A # A-Irt Art intlii,�# ft"V 1i+ead#tAfi--
g _ ix1 �jf�iBdUi�.M--iJ- �#ii {}i.'vlr. rs�s*3- see
r3==iii -
`s T, )�.” 14011 Ot th3 !:1t,
[100
ifs- ai -4i6_414riT i 4v-ok P e ii T
f�ltnt.7�tth-gtai1C14}1%! .', alt_j_jA_MA
i11 C,- Ift #%- VVVVifs th#LjVje1iTWJ-*Yt-4t-lil' ".1-
P14- f i -r
Ant, itis i1� 1i► .8t �'fi> 4f1 ffdfi
- 1 -
_sh��,�i�ESr -�41 r.�Yt' �rri„� �� tits d�t+rr -�� .�•z ��h1A11� 14 fits af IG1ap"W3 I r -
-,
�arOA apt t 6 --city t. t7ie h r �>il1 f 3 a qtr -- -
__ _>!f#�ar�d � t��:[};tl�y �_ix�•�i� �1�fils iliE���i�►i�fi-��ic+ is tFh>i, �.r�psrat- - _ -
OVIi
--
Gj Affi{iavit Of iu{ ##catiu of 1401icv of tha Public Hvarinq,
■
G€23ie e -F
Ys�+ N1ir1 Ys .g 145 �li+l - y A 'L
e'
iP FsTM1iEN`# f COMM Nt;c = L'1iPiy! {k D"VISION, !v,.
-- JJ -7 s!S
APFUCATION
{fly- ip A riimer"O
l frits" 0.1vi n
pvO_ - _
�MV qty of -
htr� �4 t4� � ice' ion rpt �i111�= �Iff #++► Of
fiAt�r±i y - }E,ii
f Of iQ+r�r for# +�,r 1tk�-ra�u_.. - - -
rid '' fl,Y. esgpitd by SWIM I i!r 7r , .�. A?�i ��Pfl i1it[�'
,�.'f.�rft# (!1f1i1#iiV di��iid w1> - 3
.43 gwwfk ; pooi no � a �• Af _ � �
t
f•91 -.Ian
-
��nnat.....� -- --
-
j"yiRi
- - .- - :- " � •�1 A� f{i� � r is:?. t �'* �� !;�'-Li>�e t+� ��YP�iif� - _
AMR.CAN
9 AA .Y
bt
aw�.arA-,
n�--1111M—Opm"t-
Cont=UAfthROMMI 04�_tkf*M MI -13R -non
-
i =-!—I =
M during Omm
-
-
it it prntontIV ostinioilid that caniMctibn will r., gin an of mbowt W.
and will I*A Cat.,plawd on 9( AbOwt ij Whruj tLimplojod, thrum will ht
0 . Ipprovimblely `4-5- - now ;his 006.016d SFC POP" .... „. ......
C.IILX -- - (;-JrTUf-II-Y
of tho fitirinulni- it
ltaflva term
phtpiinn and /^ iftearparsted heroin by rtiffenc-ei
furnilh[Id witf. this nq
prupfUl Ujunitittl%li 0 proit(A WMIllf WMI0110121 WAL.,
-1 thl CIVY
I LoMpr9l-mntive sIdUff-001d iha Indle-minu how tht molm Wilitfiff the public
purptAi tit Miftntmit f"iiali, Ghifpiv- 474 1'.
4, A Wtor of jr,tant In pint koSe fl* bOM Titus or m WWII` Oft"InY the 114"Mii 0A
M rvAft-I IWOVMIAI�
_bV t
#d _tM M#V01, to_ 4ij@ glf#ot #i,st upon wtorr 9
rKwIrsd by MlAft. IM, $lobd. 09. 474-01 will bf Oil t:
A. A stMMP' Alm*jhv -ft Mayor, that the prelim 40" I -lot Wslutlio'sifty prop#", to bit said a4
itffiias to or ffmmso in Ift pmdu~
A UA by It", hNITZ, Ov"t I public mortrig #vs. wdumd pvnu4.l-. Sr min". su"i
INR HiJ-1,1
dgW, t1mv WW ploss of T1+a meet". end that
of thi ratft Of
—i4mids V low ,�1Jr1fmh"�
Vic
lorry= wid
WPM. OU
vit-WO-who
t T
bi, Am '-p-mysi ;ov-the f. -111.41110mer v /ft $02 til tft
W
t -Or
1
ULff
HE'ARD
h-
Af.
NNEUY
r jowl
SAI AloplicuLlaA of city of
�=j _
a+fit ����^�4a'na �3i •'S�$��_�1k7��P� W y�
�fi:se f irC l.�2- s�i#�LI =rt fr :
r
=**lgW-—ti
-
- aw
a
_ -_
--—�—� -
H I H " f '
3 e i E OF Mi NIN 1. 07 A
j x
trOi NTN OF POLK )
I-,- nalr! Pboleyi GAY of thm City of Mounds Vier,
Flo i4*kyr 1:014ify thAl I h±+�+v evamirad: ithk cWy gin= itasotufl nr
� , adoptad by tha { ity af klounOs Viaw, at a Cou"cii° meafir#ilf
held an tho day of ,Aw4LA, 1641, find h#vs 4-m--fui#y comps red the somo
with-- now err ttla in thin affisa-arid 64W (.al,y ar herat4r
aft-0044 p true pod fmrret ewpy of Laid uriginil mnd of the whoos thersaf.
� T -Wtdl—#>f-+dF,
0#_sof Am- a*.4mdl-vi if-- -iii
_
y�
-�
_ -
-
A4042A 01
T?Ao APPIltatimn mur It# VU*M,tW4 Is e-w"M61"Ofo ff� W.W..141
JV,
S T T V, r) F
�#`?r A
ot PA11TWNT U)F �-OMWEfjrE - UrCUPIMU, DIVI&ION Clit 1
(Y *1
APPLICATION
Jklt /P
FOR APPROVAL OF MONICIPAL W)USTRIAL HEVLNUE WIND PH0,19"'t-
Onto
To!
Minn" ta Department of Commarce
s4ouritles Division
5W Metro Square Building
St Paul, Minnesota 95101
The 9cvernino body of County of --ilaLizov Inn W7 —the,
illive
MinnM* hereby applies To the Corrifflimi4ofir -:-c of Knnerotz, Seto. -
Commisrcs, fer Vprovol of this community's pr-pasid municipal industrial Revenue
c
Plond Issue, a required by Section 1, Subdivislo . n 7 . , Chapter . 474, 71nn"ots Statuteii.
We have entered into praiiminary discunions with:
riam A limited partnoL,,A)4-)--U) 1-! formod with Kraiir:;PA=- -"n" DevelormisInt
Corporation as general partner#
If . 10-minnishaba Aganub
A a n "i n ITATI Mil arntl 5510d -
MTV Minno
At4i,W . X . 1.
LF
_Tjg^r,.-H1nngkapo1J*,, HN
r
N5402
TrIl
filin is 0 primisMy in Inatum of bi
'office fag
The funds received from the III* Of the "u"I'11111 A&v&"q Bonilla will I* usled to (Pneral n§tLff Of
r ill
o*
hiii I Ai no fnr lanxing gjal-
It will be looted In MOU"Ifir' )JUX, Monexot- 6
-PGYM#nt of
The totsl bond lout will ot approximately 1111 2,_000,00n _ to bi $00111111d MWITC1
at" now sietimsted ais follows'
cost Itom
Land Acquisition and site Developmtnt
Construction comiltiso"
Lquipm,ent
,
Leo FM
Intemt durivi Construction
initial Phj Reserve
Contiripnein
Bond Discount
Oftl - rinancinij PC -ax
Amount
S�. u —n--044- —
-1, 400,20-0
�)t; nno
a I L tin r, I t',Jt
G.I,j oft of ijtj(qj1 i 111 11 J
#Wd will I'L. (:(!!I,Plfztt-.(] C)f-, [)F fit;OL'i
Whor, vompinlet
now !110 fivi anniial pnyrcol rif
TI& it ritAtiVP leffit tWf 11,� financing f-
Tne following exhibilti aft futilighud with thn top
. . [,*,chtion And AM IncotPoratod herein by (eftrtionce;
1. An opinion of tiond counbel ttint th? propro5pi currt P & to
a to) ut ndur -610ta Stat.,
Chapter 474-02.
2, A copy of tha city count
bonds, - -1 if reintution giving prelirrinafV "ttival frit thp I'llukhas Of its revenue
3, A comprehensive hiatemetil by the mun'cilliflity indicating how the Project Will* the public
purpose of Minnesota Stat., Chaptor 474�61.
4. A loirter of It-! M, to pUfi&,,; #;,.c -Ij ,
1- - a . " . "w"' 'V"Vr coinfli'ming the fallibility of the project
from a financial standpoint,
5, A statement 619W by the Mayor, to the affect v!#at upon entering Into the revenue sigre nt,
a orne
th - Information filmulred by h4inni Stst� Sec. 474;01 Subd. 8 will be submit" to the Dop n
.nont of Economic Development, , pit
S. A 11tinemient signed by the Mayor, thsi the Ptoaldcll dool not Include ony property to be Wd of
&"Ixillid 110 Or 691111161111*11 In the procurtion Of property for 1011, and does not Include any housing
facility to be flimited or used it a Wmariont rosidene
7. A statement ll
gned by the Mayor that & public hearing was vooductiad pwriusint to Minn. IM,
474.01 fiUbd'i 7b. The statern t_ IMII Include
tho--dets, fill"S
isu'r- - __
AtfwWtd PBfdfl WIN lff*fftd AM 900ortunitV to express
A copy of #w intitice Of Publication of t", Public hearing.
"uw#JW#d, ist'S duty #I#eW rAPrewrlmim of Houndil ViGi4-
MLMWNM
conclusion. 2!� *k*! -10 fn*w P*wry it tn a final
Ir
4- 114irted. by: (Principal Offlell-gi
4
*La t
-k;ICY Clerx AdMini
This approval shelf not be doomed to bv an approval by the Commissioner or
the state of til
toollb1fty Of the PfOI#C-t a, the terms of the lom tq be executed or the bonds to be Issued therefor,
Dotsl of Approval
6
0PP1NHE1&ALP'W01-1F
(OSTtR uHtPAF,')
AND
DC)NNLLL-'i
1"X11111711" I
Saint Paul, Minnesota
1 1081
Commissioner of sucurities
Securities Division
Minnesota Department of Commerce
W Mtra ftuare Alit1ding
Saint Paul, Minnesota 55101
AS; A"P ic-stion of CJt,, of 1,40unda; ltl"-T for
Aepreffaj of.Mu icipal Revenue Bond Projt�.t
-o"r—Commissionert
T,=ivn an bond zounnal In Connection with tho-
it in our ;;raliminary ri
project described in the City of Mounds View, Minnesota, Resolution
No. udopLud on ij8l, that thr- project, an
-detaribed in such resalutionla�nl:W� -Cit'y's Application lor Approval
of -Municipal Revenue Noto Project dated IOU# to auth4r-
ised under- chapter 474, Minnoxota
statutes, and that# when issued,
the revenue bonds desarihe6 tn auca resolution and Application will
be valid and binA4"- A 110trumentr, in accordance with their terms,
in# 'va
assm JJA ,uthurization by the City of Mounds view, Minnesota.
Very truly yotro,
OPPENNETHERi, W&PP, POSTER, 9HEPARD AND bONNELLY
Ry.
craig currit,
CCIMP
STtiTE OF MINNESOTA
COUNTY or POL.K
-Administrator of the City of Mounds View,
1, Donald Paijlpy City Clerk
Minnesota, do hertaby cortif�, that I have axaminod the copy of Rosolution
1347 adopted by the City -of Mounds View, at -0 COoncil meeting,
hold on the day of August, 1981, tind have tarefully compar/ed the same
with the original thereof now on file in this office and that said copy as hf-reto
ottaah*d io a true ond correct copy of said original and of the whole thereof.
IN WITNESS WHEREOF, I have hereunto not my hand end affixed the corporate
sa-GIF of the City of Mounds View
fisir, d# if of
—4
_4
I ION 1 111-117
it! 1.o! hTi0N 61VI,%4G, PRUA IMINAkY ;A1,PiMVAI i () IAN
INW)STRIAf- DFVFI0PAAfNJ Pk0jFC1 UNGIUR 1HL
MINN11501A MtJNj(-.,IPA1 INDtit,JRIAL FF-V[I0PMEP0 AC,"
of ific, City of Mounds VInW, %nnexoto
ithem "City"It as k1lows:
it Is hereby foundi determined and cipulaimad as foliuwfi:
A. The City Is authol-Iled IY Sec 11L?J1 -4 1-# too .-t4w" . 1. .1, t:�u "'IJ li;,Lip if
Industrihi Development Act (the "Act") tg issue itt revenue botids �r
notes to finance capital Projects cutir-1611119 0i PfuIJL-filet- -e d ; U I
personal, usod or useful in c-u-nnection with a re-y@nt lucin,
ontorpriso,
82 'The Act includox findingb of in* Legislature that the State bhould
encourage local governments to promote 4nd develop economically sound
industry and commot-ce tio as to prevent oronomir. claterioraticin.
K C� Ropussantativat of a limited portncpship developer to br organized
with Kraus -Anderson Development Corporation, a Minnesota corporation,
this
p4rtner thereof (itne,
-general -"Developer") hpy# advised
Council of their Plan$ to construct and operate an off i -co - building and-
rolited facilities (the "Project") on property Within the City located at the
F- intersection of County Road I and it Stroot under development to be named
SunnValde Raid (the lopil - closcripflar of whiab Is attatchaid f-stratr) - The
Developer has Indicated that it expects the P1#0j*Ct- UPOP Completion, 1-0
hAve M boinificial effec upon the City th"t4h iverisaiiiaid commiik�.-clsl
trons#c4l�,ris in the C4ty, incroised jah appoPtunitlett lapproximotaly
-n ustimal.ad annut! t-10yrnil nf 4 end on
jobi with i
increase in Oist tow bass of the City, the
Lounty innhoof districi in
whicil the City is lcicstod� 1 hey have requested that the City issue and
its tsy�sxsmpt commercial dovolopment revenue
iM, pur#usnt to the Act,
bonds In all #99rogatitt amount not okcsoding $2,000,000 and loan the
ds therefrom to the Developer to assist In financing the capital
prow
Cksts of the Project.
This C-ouncil-hes voutiod to be field an August 1981, following
of th!�glvinq of the required noticoo a oublic h3aring on a proposal of the
City _ und&rtak* and finance the Project and has givon all parties who
ippearet *st* the hearing the opportunity to express their views wA
respect to such proposal.
City would increase the tox
The oxistooice Of the Project within the
bass of the City and the County and school district in which thj City is
located, would encourage 0 raven us- product no enterprise within the
Y -t -rci and wculd pruvide additional omplkymient
Opportunities,
F There has boon presented to fli.s meeting a proposed application to
the Minnesota Commissioner of Securities and Real Estate, together with
cartain tii�i ro;i 1�q cipf-tui , iril of hir, hoinrt and rurl-, 11vol-oFrd
mpnilrivimp hils "Irel'. 4cr pulAtE fis requl� ed 1'� low
G . Orl tilt, 141dL;r, of 11 frJ!matJ(,f1 ijivoff tht" Lity to date, and Witt-, (jue
cor-sideration ior tho vfutw1i expressed at the nublic nearing oil tVe
pfoposed Projecti ii appears thAt it would bo In the beat Interests of the
City to issue its v011ue hollf:r, linder the provisions of the Act to finance
the Project.
2� The Project is hareby given prialunmary alTrf-,val I)y th- City
0 at d
the isfivaries of tax-exempt comfuercial davelopmart ravo-nua bonds in on
aggregate amount riot to exce-rd to finance the Project it alto h@raby
prel itnarily approved, sut-;ject to approval of tho P/
-f jill of tI:r dl.�Iallz of the financing by this
of Securities and to final approval rl �ujm-vt hy thr Commiortin-n-fer
Council, the D*volhnor Ant -i thp Fpntc�d *, - -4-,
- �L � nf �ht b3nd. T "I r
commorcial davelopmmit ravertue bonds are not to be payable from nor charged
upon Afty funds other than Project revenues and' there shalf be no right in any
bondholder to compel the- City to oxiarcl-o its toxing power to pity the bonds or
interest thereon nor to Orifort r pryment aqvinst any property of the city�
31 In accordance with Section 474.(_111, Subd, Ti of the Act, the Mayo#,
and the City Clark - Administrator of the City are hereby authorized and
directed to submit tho oroposel (or the Project " the Commissioner,of Sacuritlat
and Real Estate, requesting approval of the Prrlect, The Mayor, City Clark -
Administrator, Lity Attorney and either offirers, I employees and agents of the
_-C4tY-4P#-4ww*bY- suthori"d- tvv p"444 -Ar the irn
--mmisslimer w, h Any prallmAri"r
Information shis,may need for th:'s purpose, and the City Attorney Is authorlited
tO Iftitl4ts 41111illit In- th* preparation of such dwcuments as mav be
appropriate with respect to th* Proj- finsocing.
act
-4, 0101"nhOM101'r WOW, FQ#Av, Shapard imal Do no IV, Minneitpo it/
— --n- 0 __ __ 4
-It.:,#f1UJ-# MIM410ii Is hereby as Bond Counsel with respect to -the
1981
V
Atte
Ulty Clisek-T—railk Cr9r-1
T7
R IP T I UN
Part of Tract F, Regloterod Uand %urvoy OR), Ramsay Goulltv, Mln-le�Otdz
O/F
F x h1h1t 3
1 lie Cfly C�tuflt 11 fjf Iviotitifiii "VIOW, V1111flMote 11-1 U-b�y liubmitt te thl�
Ciirtnissionar of 'herurit:v& qr�rl R0.91 fniAlft thit i-' tatr-rpmtt ris FY111hit 3, to he
CAy's ApPlication for Apraro�,,il 4;f a kilifil4r,pal J�jajuq-,Uc. Bon
I I Prolec, , eA
raquil-rd by Minnt-stntm �kintiiirs �jrrtlnr, 414 ()14 !j u t7, L4 la, a,d lr.akeg 'AIV
1, kapresentatives of a linutod partnorship dev@loper to be organized
with Krauji-Anderstin Dovelopment Corporation, a Minnesata Corporation, as the
general Partner thereot (the "Davolopet"). who*& sideiratio Is r1n Krous-
Anclorson Development Corporation, 2510 Mintiphaha Av@nva, Minn,eapolis,
Minnescito 55404, have enterild into discussions With OffilLiAlf, of the City
concerning the financing of the! casta of land acquisititin And th@ c_onstruct4�n of
a GOIT11111*riJal office building facility (tho "Project") to be located in the City
througili the i6iivanre tind sale of commorciiii ditivriopmrnt ravonue bnnds in
aggregate amount not to exceed (III* fionds") by the City, I'lle
total cost of the Project is astimsiod to br $2,000,m)O, with all fi navir-111P
alliptNetod to ',* j;--rovidod by tho 136vid-i.,
2. ThO PFOjAdt will consist of a facility onclosing approximptgly 2 1
It 14 anticiphted that the Bonds will be sold privately
square foot, 0 a or
mor buyers.
3. As noted in the �reh'
millat-V Resolution, the City Council has
determined that the Project Satisfies the Public purpose of Minnesota Statute$,
Section 474.01. in making this determination considerati n will alystmi to the
following factm. ------ to
_T*G�Oroloet -w444-bo-
W__ less
and cismono in the, City,
The "to conitruction jobs and
Project wIII ;r
now P*Msn*nt 'oba * with * a
_n astimatod annual psy;r6 of
:ZZZ
Th-ishvioit will add to the wovo-w-Lial tax Lake, of this and of
T=tw- frolact will siarv* to prevent economic deterioration Iwthsi C4--
MAd-WHIAMIsfit 14 tho City.
V_
A )FH*Y Ond bond counsel belie" that- the-- "'oct--ig a
tti
Whiod by Minnesota Statutts, Section 474.02, Subd. Is,
Ustect., d" 1 owl CITY 'OF M_ Uk1rA*V*1EW' MNN1SdTA____
OF 4
10thit 4
A iever ot intent to purchant the noto isfitic- nr A j-,Otpi th,,- fratibility
Of thO PPOifiCt from ii financifil standpoint.
To Be Obtsin@6 Prior to bubmission to the "mimisionor,
illy
MAYOR -�. '�-'T A I Lf-JLN I
�A!! rj,�, v! !jno, I- f '410y f i -el � f,ef �rf mri �4nvnr rif t lit- ( ity rif Mr,11f,fit
'View, (the "City-), Lounty of kamsey, Mit- ' netuta. hereby asubrrilit to tho
Commitsioner of Securifir-a and Roal Wate tHs StOoltirtit as E.hibits 51, 0 and 1
to the City's Application for Approval of 4 IAL,Iltipfil Revenue Bond Proifct, as
I
ref4ulted Uy Mmmivla Spttuter. 474A.I., '�ul,dl. %, nd tile following
statementi.
I
I The City, upon entering into o rove -nue agrooment with the private
dovolopee, will furnish to tha Minnesota Dopartment of Economic Development,
on jiuc . h forms as the Department may prescribe, the following information:
8) The name of the contractina party;
b) rho nature, approximate number of amp,oyces, and location of the
0 The qonaral terms Und nature Gf the revenue agrooment;
4) The aml)unt of notos issund; and
a) Such other loformatlan as the Department may deem #dviiiablei
2* Thi Project does not include an P P rty to be sold or affixed to
In avow for
facility to be-Pontod or used as a peemanaint rosldance�
J. At 0 P,M. on 1981 at the city
-aduption Wthe P"wo U 6" jivilhe prollf"Ifil
FV
the- -or of - WH
q#rA-G-Z -tified-copy ch resolution is
Stwm#v, 4741fil- Rubd�- 7t, Londuated- r- liffaring on -ttw
--num �Nom- of -.AW- jjW. Ono - prift" of tho h"Mrinj vw!�4"nj(Akt-
R to- Wo
of �#tWsf* cinulatiarV of the City, At the hearing all Parties* - 1P tarhip Weri
AG t"1W
r
2% Mayor
CITY OF MOUNDIx VJEW,;� MINNESOTA
KL
f: x hdoit 8
44
-,t
pey
I.Al HXN I
STAIq OF �.!!hf#f9QTA
0EPA:RTMENT OF commEacr. &FcuRiTais orvimoN v
A"LICATION
-
FOR APPROVAL OF MUNICIPAL INDUMIAL REVENUE BOND PROM
Date
To. -
Minnows Dapsamw of Cornmert-6
Swrltiol Division
OW M#tro Squ#ro Building
St Paul, Minn"ou 65101
Tin pV*rnInq body of Mnun9W-./, kaujk_ , County of 11timmay
miff"NWA, hwav 00tiod !- commivel r of 00 Swe M minrMots, Securities -Dwi—ion owft,
DIppm,ent of "fnitffig, for Sproval of ffila eammur.lWa pr"md m-an-101ptj Inclu"rial Rovenuo
Bond jlj�## @4 *Uj"d by SwOon 1, j0divition �, Chei4r 474,14WWO04 Staut
VV# hav# eft%r*d Into pr*flrnlniry d1scunioni with,
for lu��
will be cand in- - Vinundo view I Minnepota
- -- Tf*-dMAMd IWlIrWfl1--b# gpp?"ffW* 12, 000 IA"D _ to be OpCed -tower
"M ftW $10""d 0 follows!
F___ ___ � - �
Und AcquWVW and Bit$ Dwalainitnt
AmWWWYM and 1rq1maflft0 FM
Lvw fm
Initlal Bond Rtww
MOW
F___ ___ � - �
It io pmently estimmed thilt LCAMPICIII)n Will W:41:1 Oil Ot "&Oul
anu- will he cornpifi-Ifid on ot liroul
__ , 19 Wilm. (wriplalvd, there will bit
npProximblely sle-W jobs (rcaxtd b., ')e Plu) . !:Ll il! Oil ififlual payrull tit ripproxitnawly
I - LL r.LiLL�. fiW(j vwln cutlently pm.,biling Who$.
_-T i
Thu ivniative term �,f the linuncing
The folloloving exhibits a -v lurnishud with this application and arr 'ncorporPad herAin by reference;
1, An upinion of bond cuuiibij: Via! propmal cor-.Wtuj@& a ptn*nLt utidur Minnesota StaL,
Chapter 474,02,
2. A copy of the city rounc.il rescillmon (liY0119 p4imii4afy approval fol the issuance of its #Avenue
bonds.
1 A comprehantiv* ut"Penprlt hy tho rntin:ripolity indirntinC. hnov jt,p pfhj#et thtlifies the public
purpose of Minnesota Stat., Chapter 474,C1.
4. A letter of irtent to purchase the bond in is or a fe"ar confirming the feagibility of the proje.3
irom a finsinvivi standpoint.
5. A itutemanit signed by the Mayor, to the effect that uport entering into the revenue agreement,
the information required by Minn, Stat, Svc, 474.01 Subd, 8 will be wLitflUed to the Depart.
ment of ficonomic Dwelopmem
6. � statement signed by the Mayor, that the proiect does not include any prop#nV to be told at
OffiXOd to Of COASUMOd In the production of property for sale, and does not include any housing
facility to be rentM or used se a permanent residence.
signed by the Mayor that a public helsOng was conducted pursuant to Minn. 11tat.
474.01 Subd. 7b, The statismont "ll Include the date-, time and plaft of the mairting and that
as-WW*AkfUrviied-an-oppor-tunity
1, A copy of the notipt of publiesfon t f the public hearing.
Vt
Wei *wund"gnsd, ate dyly *IwW repiew tatim of Mounox OW
POWI-J-61 WA -1111411W. Ot Out -41111141W
ZM -
yor
_77
__4
x
clarx
Thie ippirml thall not be deemed t* be An OWOVOI by the CommlPluner or the state of the
fanWity vf-thit Arojact or Ot termi of -ft Itiess -,A, W*J164*4 dir the b6nds to'bo inued ft—Wor.
-Om-of Approval
OPPU-HEIMUR %W)I f t
fQ','-ITR SH(PARD
AND
DONNEI Lv
EXH-111117 1
8#1nt Pail), Minhegota
1 1981
Commissioner o! SocuritiQu
Securities Division
Minnesota Department of Commerce
300 Matra Square auilding
Raint Paul, Minnesota 55101
A*4 APPlivatiOn Of City Pf Mounds View for
!�wml-af. 7 t
---Doar-Cominnionar I
It is mur preliminary opihion as i3ond counsel in corn4ation with the
'projoct.- described 4r. the City_ff dL
f No= A view Minnesota '611A16
34 on -hat Lin prLojoat'- A27
Ai A00-4datim f
-Not*---Rrcj-- it dated Is author-
nder Chapter 474, P,innisp-4—UO-In issued,
VAIVIRVA10
I#Gnmm amour �bwd ir,
in gccordma* with their terms,
:aU thcri-Vation by the City of Mounds VipW. Minnegote-t
Very truly yoors,
WOLDIF, POSTER, SHEPARD AND DONNELP.-
By-
--Cralv- Currie