HomeMy WebLinkAboutResolution 1323f -W
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A PROIECT THE
mijNjCjpkL IMPJ.'OTRIAL DEVELOPME14T ACTI
�jjr In I�JiEMEON
CALLING FOR A FULILIC lif tm I
1, the undersigned, being the duly qualified and
-r-p-r-rAi"q offieer of the public cnrporaticn issuing
L of tbis cartif4cistat
the boni; referred to in the LA.
Certify that the Sacuments attached hereto, al deNctIb8d cords
above, toeve been carefully rompored with the orivinal r
of s04 coripotati" iA MY legal custody, frV'M Which the; hav*
b"n transr,-'riboal that said 404unenta are.a OFIrroct and com-
plot* tranucriPt Of the minutes Of & "e"" of th's 'Mer"ing
body of said corporation, 41#d ccrrOct aril cmmplete elopies of
all resolution& and other ActiOnA taken and Of 911 dOcumGnts
&PPloved by tba govarnijig I"dY at &Aid mo`stin9l ao fs'T as
they relate t* said bondol and chat maid miftati-1.9 was duly
hold by the governing body at the time and pla-;* and was
at-tendod throughout by the m"ars indicated above, pursuant
to call and notice af gudh meeting qiven so required by law.
WITNESS my hand v.�fieiAIIY As tuch recording officer
thi- J3rd day of June 19 al.
'signature
ra tor
Donald F. pAul#y# Clsrk-�dmini#t
7U-16
Name and t
M t t i
UES-I'lif" U-111 RE L AT N(7 TC, A FRo,, F.CT UNML R
ACT,.
CALLINC rOr A.
DE IT PtSOLVr;!-� cl—v
of Mounds View, Minnesota th 0 C i t' 036 fGA 114WA I
Section 1. RA C j. t a I & .
1.01. ID & A Devej'k�pnient CC.P,J-.an- (htr4b4.paft@r callt2d
I
the Obligor) lies advised thip Council of it# dvairt to acquire
land and conatruct a one or more office/lwarelioube/"niaintunance
buildings in the City (t)I& project)i
i,02, Th -w Clty jr. U-uthorl--iod by 'Statutak.,
Chapter 474 (the hct), to irrue it3 revenue L-onde or notes
to finance carital pro)acts consisting of property used and
ufwful
The Obligor has requested that the City ismue i's revenue
brindo or notes in an amunt not exceeding $92,600,000 to
fina., ce the costs of thE Proiuct.
J
section 2. Public Pearir.,2
2.01. lection 474.01, Ictubdivision 7b, of the Act
r*quiros, that prior to subiniabion of an &pplication to V -s
Himesota Can lissioner of Becuritlus toquesting approval ef
the pro�*ct as roqutred b. Suction A14,01, Sub4ivjujon 7a, nt
the Act, this Council shrk.11 cenduct. ; public hararing on -the
proposal to u6ertake and finance the Project. ftrouant to
thatf,trov4ision, a public hosting on I.he proposal to undertake
and nanc* the Project is called and aha'k.1 be hold on July
1901, at 7t5O o'clock P.M. , at the City Halli
2.02. Tiiw City Clork ohaill vau*v buLive wt Lhw PUblig
hoarir.9 to be published -'A the ef,ficial ne-w-e-aper of the City
l- r 4 #
and in either the at, Paul Piwnewir- Presso ur tdiapatch, at least
nhpp "r -'t load UAYD
prior tc the date ti"d or the hoaring, such notice to he in
substantially the following forii-i
N L
i i L S J; I
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t a i I I
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V M i i i n e s o t a b- r o purpnsp cf conductina a pubjic
hearin4 01) a proposal that the c4lt-1. Jr:1:110 revt�nuo
notids, in ona or irtore soyie-r-, under t "I c 111, u n, I r-�6 p A
LiOvelopment Act, M'.-Itierc-tp, staturps, C'7ha-pU=r 474, or. arma ride d ,
in order to finanop the cc.gt of a prnjoct. The proposed
projuct wi.11 I
cLAsist Of the ACejivit-lon of land and
construction of -,no or more
buildings in the cir�, or) i.,�enajf of D
S A litvolm-Unnnt
compally, R Manneacta J�artrjc�)'Fhip. The outimated totAl
amoulit Qi the proponed istuc 49 The bonds or
notes may bft .15sur-d Ili 0�lu ol Foore bor-ar, and shall Lip
limited ol�livarir!-,p 0, the t,ity. rj-,a '
bonds or notes, and
tnureon, shai! be solely from the rovonu*
pledQed to the payinent thereof, QXCOPt that such bonds or
notes LAY ba xacurad by a rriortaa4e or other ancum rar
the Pr 01 - - - b- Mo@ on
01' dnY such bond or nQt* thall ever
have the right to compel any exercise of the taxing power
Of tht City to PAY the bonds or notes or the interest thereon,
nor to enferaw-paymept against any rroperty of the citi.
A dr&ft ccj�,y oj the PVDPQPgd APPliCation to the
Minnericti cow - itleL
_Comm,iL%hion,r of jr a for approvil of the
PKQJ*ct, together vvith all attachments and *xhibJts thereto,
is Available- for public nspodtion &t #hia office of tne
Clerk -Administrator during normal business hours.
All persons interosted mav appear and b -A heard at
the timu and place set forth &hove.�
BY 0.41)ER OF ME CITY 'MINCTI,
By Donald F. PauleX
__CJerx-AaM1Pivtr&tor