HomeMy WebLinkAboutResolution 1348HE E.OLUT ION I
i Uc1f U -J HIN GIVING PIRELIM1 T-41Ar=T r.rl`7iOV IL 1 L" %N
IlvIM. J, tllAi 0FVF'MPMFNI l" f)JFC*fi tfNMEk THE
NlJNN M_,(A MUNlLlktAL IIND�,5tld'AL ULVELOFMENT AL I
i
tm r t€:-- rite, C'_i„-i=ii -.# tho cit;.: f %M'!inda V'-
('.lit ' city"), its f -Al Iwo.
it is hereby fvu,A, rodittor--j[ied wid ds,,Iartd ata fdlowi;
A I hit;t 1-1+y is. puthort-md by Satfirn 01-01? SUbdi H., [t the 14'U'11008$
ind"Oritl Devolop-mont ,art !tai€ "_h_ct"j to, lrr.ty tx rievi`nV0 Ltro d% 91'
"611"! if) fl #^ MU -0 .0001 Fr:ajtr,--t.1 "'iieliting of rtr €� t.f$. i nt` of
Firsonai; used w uiaf-d ir+ with ;3 rq vPn1. vjp,-tjj144J0j
i i I: i"Atur= that vlo 0.41! !'1, .J;d
r,,,i- iit�,ro.iilrs f t€� € �.. �h f the 1 _, . :;,
-
f�ng 0-4i sovarnit"Prto to Prometaai and clevaloP economically tound
Induttry 4A Comffvrve Be Iii to p""9vent ftonami>` etrta`-lhrftlati,
ii11fi4'#lilt.stlY4t oT Kr¢us,Ander-tan navtivpmrni cormers:iyt+. a
•.. ,r ren f� f �tl�hi no NR 4anerai partner of i to be
,a ,#leeirtb r�, it; .., 1,'t 11
--
i�d--iitri►s�r i»rtn.�rshiirtr"�sv+writs'�r�bw�a+1�+��+t�-i�;+r�„�,�i1-�� -
th*Jr plantto conatrut an4 vporata an e#pes bulldrnip sndt r-IAUU. - -
faoiiitier.: on - PPOiNaAY WIMP— tie jr`V 100011111411 4 -thrr - -
inti r*Gf.ti i� i;lf %uut4 Rudd I dii�i 4 sti lfw as i, i�f a�'z€i �:±,>r;�� ti; b� �T �
-
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junivy/0 R d_�(_t�h�6 un 0 which it- _r�i�ah*d- hisr0to-Y..-- -Th..-
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_leg4l `t�_escript
-1r'Y'!±�'!_"_ !f!r!�cA['1>'9�#t-lii�ir-"f.#i #ri �`:tf1�Ta$F -iv -- _ -
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trantac�t}+aiia lf< t�iA GilYt . inareari+.d itfi<S $ptrer-tun.�ti#i
Ilk
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whibh *h 1'l iiamity .have- retquill�lts i*sa Cho LL'l V .144114—Arty -
E
_
414
Al2 00rwM--a1i — 1401` 1—
° �ri�� 'i#�.►�. �.�',�- #�.ivall��� �tsl:# � '�r�egi+�_the i.t",li°fir -
-
, `
Of W qui of 1 i iE�ifi ,i �: it h E 1fri i �i L
'01yin WOr�
- f )� ' 1�1i�i� r14= i �fq # �. f`it � bit It1i pt!��tit`
--LPV4bAad,_A Atari ►partunit - 0 if_jgPtaq fir v4swi '4101 -
--
-The exift"Avof the Preject with'+I the City wou v increase t W tax -
----IINW-ffilt - d1tvand the County t ashdol district in ,wltlah _tht Clt 1*
located- w cUld aneet.r #
Irlty s dominr> r0al market area and Would Previds ddditlPjnsl stt+pieym#nt
-
'i application to
m
itro hers has been ortleAted te+ this meeting a proposed
�. '�.
the ldinnollata Com- of ,►rlouritles and Asal tatitvi tegether with
-U,
Val Lirf rtr kiiii.,iv= tli rr}c+, fri° opprttyti{ (}i +ire i'icrl t Ott si�Err ;
F��liF tr�� + .-car rvAil�#�lo -tor lii€I.iic Illat r: lirrii �..
r i tnh
(� tt- art(- with r,i+av
Un the iat�5is of Ip.nrrn€ti�=r; # €rr tr+ Ct t
(3. ti } 11r i a+i: i;� hee I 1 3 ❑r. i
E +ifi e-a;r9ti 'rjr the VIEWrk e':;P, ooA
lr. nnar triti 1 + P. ,-
t.
�#r.rT. i+ r±ptfa�ri 1i.�4 ii rt i11i1 iia in r - t rr tt 4iR�ncL�
C1iti' tw i3'srrr its F. Vy.=ty,'f= 0., .-
ills �'i'�i�Ct:
.k4 +�irs: aiitr
il,gt i#€ 1613i rv.
Y 0j,11Eli AlirTifiAP�+1 tr�'N! uy ci,
ti lajuance +�f iAit'+!A@+lip- T•r rrraf 'iriirr`itil�i+iriiia#i +`• - # i� sign, F'
tl#a rr hovlAir
_,,gr"' .#,n--unt rttbi V. SAO �� }u�}.ixas fry fth-t :a .r1i �' �1r4€ - ----
.rollininirtlY spprovo& f•t+H+r<.t tO ar su+reT i#fi rhtr evj °, t=+ rr t tit or . -
af Fii+ i1eE s, n,3 to 1111011 Apnrmiirl eq 11 cf that r}itli of the flnsr lnd1 t Tr
f r f tho }�er> € ro
cnyii 31, t1w 1't'V+416 .+r arwi 00 �i1 f,rE 3r}�i ++i r Rr ;
r' iriiiif rif°ra1 F1ri1bf evirlTi 0.j r 4i( gP 14 bmidi if+' (rpt v A 'f l is "Otr #1=r!' a r`- x -
atPiri iriy tutijis ether th&n Prvj(-ct ra enu.0x un -d thr-Oar My€rl e*i�v g l�rrii +no rictht. A, yr
b r+slhryic7er t, �mpsl thi tO sx
r+y �+. ins Mr+n :,
la��ildholoat WOW, ;isr to +af1#(=tct_ payment spow (11 y p-opurty ,f
+ti 7$ of tliv Act, thl A!b`,'9
3 In aner,rdshLa With 5ait>" of rfi 1i t pr'# hereby i 1tpr9rijari anti
- et1t_ th* City Clark - AdrOMisttrra P -matt 41 tn-.can+rr+issiarsar of Set-UrltleR — --
dWetod w s n P�. r,rrvisl 01 th;fi l -to t�.t qhs �� C1ty lir=it
tit voQualting 11PP 3 entu Of the
ryi�= +�.;urnt+ �1t�� �i�sr tit#11��rr, ar+►1.+ia��o � - � - -
,i14�1Alnistrtitor, / r ,
City 9%'e i1praby ++uirfOrlaf to OMY114 than t, n+r+itlilt' +s dtt�{ „nr 1$ auti i1t d
/ r this Puf0118 rr. atjf tha City . -
- trlfttm�ri alaar lrea -
s_ t$ 'Tnit4s 4nd 1#>tfl�� �'r the Fr404r�tTQ - t- tr --
r�rPrlittl WTh rast.t� tf1a I?F#+)s=t11ifslrr. -
lwNO++ftflf8Pwali}i srt i4ar'h s uC1a+�friv�sit1;f, zMtP+_ntesa
"its-1-u- t-fJllie
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LU4-/.L M5i TRlPl iUNI
Part v! TiaLt i , Registeiri Land :-jtv€'r h'260,R,fiitn(toick.
Oxhibit 3
i
C;i'i ir Y,� t. i vt F'.j.!
ilk i,i:-r' i,i,#i#1 fi of .#r1'iiit#idt V-i•,W, iAL11.14huta iitrul.)v °#, 'iiiits til tlox
f:orrmissionar to ocuritios and Final Est4ty this Siatva#€nt as Exhibit 3 to thel
City'a 'Applit, t;..;n tr.r Appy al pt i; ift tiicipal i;V*nu& bGt:d ;f# �_gPut, aiu
varporr 3 !.v ;.t ruii= �cti�rr; ��,tii, 5ubt!. ii#, snd mrP --s the
1. Kaupr ittmativas oP Kraaus Andericin l-iavvltvjll rnt ('Pe oration, r
Minnaltita GDrpu-at un, whole mderr`yrri luti! mini viane t` Y -out r �
Minnasots NA04 (acting to itself cr as g=erm i-artnor ui a to ter iorrrou
P�trtt�m-Fh1P), iuc p enter�e into cifivus*ions with iffi isis tf the p ty n:er#,ink
the ,ii neing of the rortt of -land ticgr j iiitiori tinct the - €-unatrucV1,66 of it-- -
c-t#nter•-tel Offict Lul,i .1 facility tiff! "Pen; vil") to b* 4.400vil In the City
#E r.3"flri tisx 111su4nua and vile of mmmsrvlsl dtv�'i+:pmerit r•eviii ut bOdn if`, _
a nplo klA*uiftt ;. to Daf=t-Od it ,f ,t Olio:: i�ri "i ;y the cnv The
otbi c-itt Of that ftrojset is bstimateJ [(bu V,Wletc Wltb x11 fli xficing
exported m I,# ,-i}€rvliiad by the bonds. -
i, Phn Pivjod will nvniiist 5f a W-Alitk enclesinp Appraximetily - -
it iii- *fiti6i' aAvd ,,. - _ u__ ,_ ,- Ls rnld Pf4 auly tip x or
r't ift� k1�ii+ H+S+t day ire tYiti �
-more beyersi
'i. Au n%,4*4 it tho Prollminary this City CauAcd hfa --
;`itittlea 474.01. tit M)khip tail 'da[frmitiptit'n au"mi oration W## 21van to ths,
- - ---
1`h+r; r loci +.gilt bo ivvan * proeli3>rlI and WH Wi,tulsi,1! tl S.
fi i Oso In tine ClIv.
-Pi• 1t t►#11_. a W_ sOU049m, jobvoirmt a p t#i 0 AW
NOVAm_ jam` =:=ate - i iii mn = YP
-a:h i+t+ taia _titer
f i�_t't c
I tnifi'rAlu. iaf if - - t — - -
- - - - —�ffijl _+► A.t:}+ rile+, •sn1
1 - - MINim AF
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_ _- yep
Cxhih=, -
A i_ir �, f for= hl;i�„
G of if�f ftt jrt {iitr�i-,3tir- illy tiw— �a�r�c mss' t� sPs� r Euisr�r�t`i`:g ,
Y� tlsc �t•t;ir�e F #r,.srq � #iFi.;s;: i:,I 4f�T:tl�rift#
- - Tn fit Ottairiod Fria to gubmillioit to tho iiEsii s� �,
EXIIi-ijs �,_G _nEj 7
hdi, el¢ctEv fir"! H
Milyu,r of t'lfs COY Of Mounds
ti@ tllldQ/=#i #'ii € te u
ryrff6 tap
C +
A — -S Z
i.
r flirlilQpi (r i r,f 4EL11'1110. ii -,d I{4 r 1 t :.i .: i+i t
AtrMirlrt,.;n f[yt A far rte! of a ML-nirirA) kew- ur-
is ilii' �f a-ttn.rt sir;-. the f�lltyvll=iC�
-Loquivrd by F:'ffrii t +
E�$�SC. iCr.ia:
Thi City, urynn Iftrtsemn mite_ a rsvantta agret'mer,t V;i+1i the privato
.tayr�le�aai t lkiil ftiPfili}1 iffy tiy€ f4titytiP i3 a pv Jrtfirant of i f1tTtIG t # €f iik,
rrr FfEh
forms 40JI tt.e DOPOrtmvint tray preiler16t: the fallow.nP infOrmatiOn-
A) Tha AI'Ma of tho ge-itra=tlnIF f -*my:
a x;ea rrlate
g) Tho e..attts, u�
t) The peiiar al to: ass arra nt jura of the r"anue 19rke ,tnt'.
-A) #tlr j Ilii' of jwjjs muod, Ofd
1
aettt tnao aiaa�na.aa�y.alf,ss. .
a) sut=�r Othor Irrf: =i�rtivi'i lfi"t> -
r stay to be said wr af#la<ar� tP
- ht Prr)VA -deft—it��_ ITIOUdO 'Ally VMP -
r c t tr ll+d Ifti- #hp pt" JUCtIOM to s�, a. ,n oe n hie#` - + +fr ' .
y ! n r wr ot,&;tpal aroma ra 11 n i}aim
- - -
_ pp + visi1i� vitt e�f 1te F r + a . srti is } # 1 fafi.
D �fka sr, ;iitt(it t 3i I, * t !a►a�-11±
A!_ # 1,. '' t , �b, -.@ii aft # Oublfc 'A*OIA orf aft i -
Mari a. prvPgii1- lot *1v t ;fh aha I a _ . -
- -
$ tri +a
Oil- rfr i i��+�� _ -- - - -
rla�_ tVOW
- art Awthirppr )4
+I
urT.5t
ictrcw
" � Sal' 7►
- .- -
' )., fit hit �3
Affidavit Cif of fir !rt, of thr- Njhlk- 4inig.
- -
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STATE OF MINNLbU I A )
) I! lk
COUNTY OF POI K
1, Donoici Paujoy, City Clark -Administrator of tl;o r1tv t:f Mounds ',,iow,
Minnesota, do hereby certify that I have examined the E-bpy of Resolution
mdopted by the City of Mounds 'Vtow, at I r-ouncil meeting,
oil the day of August, tudi and have carefully Lompartid the same
with the 4�rlqlnal thorsof now c,11 filr; ill 11,ji, ulli6il AllLj that 60,4j C.Upy as hereto
f L.J#
n'ttachod is a true and Gorrect copy of said original and of I wh4l@ thereof
T:N_VtTNftS h"Al horounto tot my hand and siffixod this corporate
M�z
PL' -M if I ION (_�IVIN(- Itid I M11NAkI AN,W)VAI TO AN
0,141411, 1 MAI I)1_ V'LLOPNII 141 Vkt-jil I- I tim)[k I tit
N1JN.qL1,U I A f%41UNii_jIP;kj_ iba-1t;t. I KIAt-_ I AL, I
HE IT RIFIR01VUr), by the rity Cct)nrtl rif it-,- cit,, ()f N-jout-ldf VILW, 'if -
(the "r-ity") , as follows
It Is herelly found, deteriffitted and tie: listleff as fvlltjwl�
�A The City is authnrized by �Prtion 414;02 Subdi In of the hit-notipal
Industrial Development Art fth^ . Act") to Issue its revenue bonds or
fiAtC4 tO finrifif_@ I apital vtolects tntisistin 9 of properties, real or
mrsonal. ticed tir iteofiil I-- --th n rn�_rE�Pur. prurlucirg
S. The Act includils findings ot tho 1-0,ini lilt,# re that the O.Oe should
encourage local governments to promote and develop erallomically sound
indvotry and immmerce s'o a's Lu prevent economm daterloration.
---- - -------
C. Representatives of Krami-Anderson Development Cninporation. a
im-r-porstion, acting for itself or #1 qiinarst par-t-n#r of a to he
form" limited partnership (the "Devoloper") havo advised this Courcil of
their plant to construct and operate an offlr,� ballding and related
@MtlW -f-thit Mi _M V1, .0party- waivii-I thill at the -
intie action of County Road I and a Street under development to be nalmad
Sun7voldat
Road Oho logal description nf which Is attach, W hereto). The
-Divelo-par. indicated that it exp to_
act&+ th*+ Praisat, upon complistion
have a beneficial effect urton that City through increased commercial
9:-+--- +
tr4n#M.t +# : Irt the - ity, f a u
an C V -d 'ob ort "Aims Upp sirneiftly
71a._ jutm with a estimated brinual payroll of SJW _;g9a Ane in
the
itiLreaffis in 'I tax base of the uty, the County and schooUdistrint-In-
-is-locatod, -They+
44111, pilit"Alliftt 0-- the Act. its UN- eXampt cam amial,da"lopment -rivanuat-
bonds In an a _6114the amount not aiiictitedlnq� 12,000,0IM--shd I - -n- t el -
for____ Go
-rocleds th*WVM to the Devoinrier to assist in financing the cap 11
P I
costs 0( tile Pitojoct,
0. This Council has caused to be held an August IV81, Following
of the giving of the riquired notite, a public hearinDA-�r',i a of
-prop"al -the
City tou-nd-irts-ke --and finan-ce the Project and hIst glyien all parties Who
0 o the hooz
Orpoere III .1"S 4e opportunity to express theilr -view& Alth
respect to such proposal,
E, The tOwlien" of the Project within the City would increase the tax
bass of the City and the County and school d.strio In which the City is
loca+td, wou!d ancoupale a raV10hue-produring enterprise within the
City's commercial morkao aree and wnuld provide additional employment
onportunitles.
tile "vii-iiii—I of !;cGurittes and hr -al 1_41talt, tokittlior with
---- - -------
rortAir) nwhibitt thereto. ifil- ofiriVfival uf the prolf-ft alld Stich propoted
h:!� V I 0i W
!"
corjr.;dr ral I-I, yor tile Viewt expf e5sufl 1,
proposed Pro)ect, it appears that 1 uld tjo fl, jilt. host iriterasts of the
City to Isguh its rpytit,tio Iondi unclor op proyi&jolis of the Act tc firldnLe
the pcojact.
2. The Prn;,�i-# it hereby given prolirninpiry approval by the City and
the it$Ughtt Of LAX-10-YMPt C-01111florclal davolopmrnt rovenue bonds in an
aggregate amoun t not to i2xi-aild $2,000,W) to finarice the ProjoCt is also hereby
preliminarily �-pproved. Subject to approval of the Pe6ject ny the Commlivir,11,01"
of Securities and to fin.1 approval of all of tho details of the financing by this
Council, the Developer and the proposed purchailers of the bonds, The
eAt"worplal e4avainimment rpvlanap hn#�dw xro not fn ho pityablill from nor G1`t4rq*d
upon any funds other than Pirniprt revenue% and there %hAll be no right in Nmy
hondholdilir to d6firlpol tho City to exercise its taxing power to pay the bonds of
Interest thereon nor to enforre payment mijainst any property of the City.
3. lit &Lcordancs with Section 474,(1, Subd. 7a of the Act, the Mayor
and the City Clork - Administrator of the City are hartby atittioriz#d Rid
dit acted to submit the proposlal for the Project to the Commissioner of Securities
and -Real Estate, requesting approval of the Project, The Mayor, City Clark
Administrator. City Attorney and other officers, employees ond agents of the
City are hereby aut4iorized tr. provide the Contriiissioner wiO any prallm;riary
'l`i't-Pur-pq",-snd-th*- ACAty- -4tter-naly A"uthWAL"
. t iritisto and ass4lst in the preparation of such documents .*a may be
--app"pristo wim respect to this Project financing.
4 Oppenhatimer, Wolff, Fat.-ar, Shalpaird a
laul, Minasisiots, is hereby spr�iolntvid as Liand Counsall with reflipact to ths-
7
Dot 1981 1 It
CZ
-Ar, A-- mayor
V or ri)agioor
LEGAL DESCRIPTION
Ffffi Vf, TftfLi F., Reut-tiefed L'IMU --lurvry "Atiti; Knmtey untinlyi
Val—
Pi- �-7
:17
14ww
[whibit 3
LI'TY'S S-It"TIMMT
-rhe City U'Uncil of t,',OtJJ,(Jfi view, Minnrsot4 hereby submits to t h r
Commissioner nf S acuritles aild 110'al Estate t1l,t, Stattsmant ar, U %rhil-.11 A fn ri-,-
City r. Application f( -,r Appi-t-wal of a Muni0pil Ra,!anuo bond PrOJOCA, F.
'Y Mlnnp�rjn v 7 !�vttiwn 111.01, 7o, .411d
following rtatoment!
1� Representatk-uls of KI-Auit-Anderson Development Corpirati
ton, a
Minnesota Corporation, whose addrgis '-. 25101 Minnehaha Avenua, Minnoopolls
Minnesota 5-5404 (acting for itself or as general partner of a to be for -mad Nmitec"
partnership), have on -tared 'Into disgusbions with officials of the City concerning
that fi;ilffiriffll Vf the wifit- Qlf liincl ac-"uip.1tion and the c�-nsfrttctinn M a
comrurclul oViciii building facility 014 "Project") to be located in the City
through the issuanus and onto of coilinwirclal development revenue bonds in
ADOMPAto amount 'tot -to 9*cosd V,000,000 (the "Bonds") by tlis City. The
total cost Of the Pr*Jft-t Is astimsted to be 112,000,000, with all financing
expucted to 1;s provided by the Bonds.
-ilitV ai"Glulling -OppfOXIMSUIV. 7%
T"- Pmjsr
A.wil! c-nsj#t of a f
Map* feet. It is anticipated that the Bonds will be sold privately to orfii
-An the "reliminairy Resolution, -the City Couni:41-4*
determined that the Project satisfies the public purpose of Min"SO a Statutp
See%
—W, 474M. In making this determination consideration was Olven to the
--0- - ---Tho -?_Ntat -will -bo - revenue . producing- � and- will
F.-
6 PN I A WW
:444 Venstructio"401sa- and: s""111014metw
POPM
A
W7
Loun
-D F My
10V Prevent Mnomia dater4orattonAti-VicC
W -11—A .1— —1
9) The City Attorni and bond counsel
Y ry
MI
—Y --n tell# SMUMI 474.02, SUM4 10,
CL 2
- - - - - - - - - - -
7
By
.6yor
LXI)ibit 4
A letter of intent to purchase the nrAe isrue or a lottei cofifirminij the fuRsIbIlItY
of this Project from a financial standpoint.
To Be Obtaln&d Prior to Submiggion to the Commissioner.
0
7-77f-
MA',,OWS SIATUMUNT
the undorsignsid, me the Ouly alectrid and ar"ifig Mayor of the ctt� of Mounds
View, (the "'LAty"), tLaunty of kamtoy, Miritntsota, hereby submits to the
Ccmmlssic-ner of Mao and Real Estate this rtaftemPrit as Exhibits 5, 6 and 7
to the Clty*s Application for Approval of a Municipal Reven�je Bond, r'r'njaO, 86
required by Minnesota Statutes 474 01, Subd� /a, and makes the tol!,jwinW
'ItAffmams:
11 The City, upon untc�ring inta a revenue agreement with the Private
4* 1
V*Wper, will furnish to the Minnesota Department of EtOnOMIO DOVOIQPMOnt,
on such forms as the Departmont may prostr1hp. the frillnWing Informiticon,4
a) The name of the contru-Zting party;
p--,r-r-F ,, l3ratipri Of 'ht
b I The not-ur oi-,P i g.* fl-ija It u, wnLo r o f 6 i a r 4
enterprise;
0 The jonstral terms and nature a the tavenue agreement,
d) The amount of notes Issuedi and
on- *t thaf� Dew -mw4e*w#dv4&bfr--- - -4
2 i T I CIM not Invititis any prop rty tcr bat Wd err afflitod to
--t-Includa Any A
of On"NuWfee- in tne OrwUctlen for We, and doos no
bujing
fidllty- to-bi rtntit or- ustd-41s a Poirmshent "s-Idence.
WIff* 41inkmillf"Y WFIW—IF-th-q 4,do" iW me MMUMCM
v=g=V-
RVII 4 MTV UCIVV*-
U M 14�� J
--aitjjHkj"AWjkA &"Jolt
4?4 0'.. SubJ i 80"duaved -Am
I Al
and- M 4st I f 11 Ir W -1* nAt" U
V460-w-
�..ftjt- Aha: 'A OUA Af
- ------
of gollenj eir-culetlem -of
064 City.. At tht -heomfle-.011 P&Pti*o app"ring *Ovt
vaprAns invir VIOWIVM P010111" W Off PIVIPWItsvi
ft77
.040TA
-7A
Lxhib-t--B
Affidavit of Publication of Notice of the Public Hearing.