HomeMy WebLinkAboutResolution 1322�f at
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RESOLOTION 14(3,
RE-40-WTION RLLATiN" TO A PROJECT UNMR THL
MUNICIPAL INDUSTRIAL I)EVIiLOPMENT ACTI
rAUT �%tt� Vm . _
11EANING T14,URE-ON
the UnQ*'ArBifjndd, �!�nq the duiv CIIIA1404-3
reloording office, h f
017 - - .0-- - - -
Ln�the tit UuLporiatior issuilg tizi, bondim re -
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10..Of th*2 c9rt1f4Q&tL.,_,"rtj.ftj,
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A dejeri-bod Above,'havo beon carefull,j
0"Arpla with ttl ort"ittal r%cur" of
QW m 101 tAT 0 V in-mr-um's.1
-er ibed j th
Y b6in tram,
aorrtat and complfzt At a -aid docftnnti
!f!vLof the minutes Of A moeti#
tA* Waminir budy Of - ad id
t -And- cc -root 040w4te _j
and
ion -W-zth*rmcci*na- t"On &nd.- f .'j'11 -
Z�Vea 0
--by _041 q*V*rrAng body d0cuments
ba At-vaid -_ 4
noet And- that. $laid - m6ftin7, Bn far an they- relate
m@gtihq wax duly hold by the governing
-"'at"'ths''tifft And place and wabiuttended throughout jjy
iftellasted ___ __ � the membirs
,_ab0'v*#---Pu,rA&u&nt to-cAll and noti
AWcOquirod by law. 06 Of otuch-me9ting given
0_ffiCiA11Y ON much recording officer
3rd day of June, 1991, this
f)0114ld F. Paulay
Clark-AdmillimtL'Atnr
flIf T V f� i 1 1 1 z i t I
THE MUNICINdi JTNI,","�TVUV� 1,1'Tt' _11-IMUNT
1ANC. 1`1k A 1""'TiLIC
OL IT kL'mjL'VhD t1w City Cu.'Jtjj�i 1 i:t tjii� i iii, fit Ailu'ju"
Viewi Minnesota (the Citjy) , ai� f.()1!uwi--
1. !ROC i La 1-9.
1,01, KrAua-Anduraon, Inc. (hjrulil"LLur call"d Lim UW-iyor)
has advised t1lis CGuncll of ito dvoiru tu cullf-truct two cffic,t
buildings in tile City W16 projcout)i
1.02. The Lity is authori.-ed by Minnonuta SLaLutua, Chaptur
474 (tho Act), to issue it. -3 revenue bondt% or notet; to finanve- capititl
useful in connection witil a
uunslibLing of propert-i uprd and-
revenue-producinq anterprire. 'Ne Obliqor has requested that tho
M4&,- 4-PUe r ... :-dr rir nt(-F; in iin amount. not Ottromiine,
4,000#000 to finance the coats of the Project.
_-Sect4ma 2, Public Haftr��.
VY
2.31. Section 474.01, Subdiviaion 7b, of the �qt requires that
pri,:r to submission of an aNlicatiun ta the Minninota Commissioner of
approval of tho Proj"t an required J�y Section
474-01# OuWiv4sion 7ai of the Act, thfi Council Pthall .-onduc.t A �.Wilic
_h"Lqrtq on Ot piaposal W_ undort -and finance the Project.
-i-ff t h r t rrrlfi�rin, n pvitiiti�k nPArinq n- -hC- PrOl�"W to tITAOrtakp and
--inarve the rroject is And 1hall be hold an July I # 1981f at
I tJ44_V'C1A=k P.M., At t1ld City ItAll.
2.02. Tile City Clerk ahall cause notice of the public hearing
wsp�"er of the city; and �n eithor
to be published in the official nc
-the AU *.)aul Pioneer Press or W,,paLca, at, least once not less than
fifteen (15) nor more than thirty (30) days prior to the date fixed for
the hearing, such notice to lip In aubptantially the followiny formt
FLO.
L -f Lhu L ILy 1-14
Mounds ViUW, Minrievotal will rueet I'll i, 7.-40 17 1 C, OP.
P I M t t C i ty 11;l 1 1 me'until. VJ uw, ?'.A
$--
conducting a poill -t 110 1 ontle revo n tic-
. I ic hear ]-fiq oil ki P. .1 L ha t
17--ofids or notub, ill uJi'l ul 11"Ul-W W441 1 UN, WidL-1- the mu,licjipal I ndurstrial
cjiapt.ur 474, ab anawtied, if)
order to finall C e L h C E-2 1--, -B t U- f �1 P. K C- J Q, L L pro-ject will
consist of LIJO cullstKucLiun, iliturim t ina ic ij)q permanent f inan-
cing of two (--.f f jcc -Ll, ICI 1�.yh ill I
.1 - I I I --n
"t -Y � L ialf ot Fraus indurson
bevalopment Corporation, " mi ntit-FI(It rl C''t t on, rht, ont imhtvo total
AMO-uftt Of the proponad innuo is $4,01(),Doul. The 1junds ur notca may lia
issued in one or morf, uerlos And 1311a 11 lie limitud 01311qations of the
City. Tha buinds or notes , and intorp-mit- t,tirrf-r.n, -i:.1,.1' -)�U payable
solely front r
thu evebue plodqud to the payment thereof, exce
pt thp.t
such borlds or notom piny he secured J.,y a ifitittvaqu or Oth&r encumbrance
on the project. NO 110100gr of an-, such bond or 4into ahall evrmr haivo the
right to compe! any exercise of the �axinq powor of tho City to ptty the
bonds or notes or tile interest thurvan, no*r to unforce payment against
any prot*rty of the City.
A draft copy r I tht, fir -poised applicaticii to tho Minneeotd
CU.9amia-Aiener of SOCUritlen for approval Of tile Project, toasth#.&r with
all Attachments anti exhl)--its- t,11,.rvfnl iF, ;lv-= %r oubliz in-r-,pec-
jlialDjz�
tion at the office ot tile
ClOrk-AdminiAtrator durtnu
hours. ncrtnal burainvat
All perbons interCYLLCd may aPPear and lio hward at the time and
Place not forth abovin.
BY OPPER OP THE CITY (!OfJNCIL
By- Dontild F. Paulu
Clurk-itdiiiii-ar-trator
/ J
Attuhtt
-.1011 for tilc- aLj()ptjc)jj of tile, ft)rwqc)jjjq leHolution Was
duly seconded by LoUncilmember Foralund and, upQn thw vote be -Ing
takian theroun, tho tuj,�oi�inq voted li-i favor theroft Mayor Mci2arty,
CouncilmQmbuira Foralund, Blanchard, 11od9cs a.. Or-�Yl
and Lh- 1011UwAbig YL,LuLi aycaliia' Uiu 1.�#Iu 4
whereupon said resolution was doclared pansed and adeptvd.
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