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• NOTICE OF PUBLIC HEARING ON A PROPOSED PROJECT <br /> AND THE ISSUANCE OF COMMERCIAL DEVELOPMENT REVENUE <br /> BONDS OR NOTES UNDER THE MUNICIPAL INDUSTRIAL <br /> DEVELOPMENT ACT, MINNESOTA STATUTES, CHAPTER 474, <br /> AS AMENDED <br /> CITY OF S.T. ANTHONY, MINNESOTA <br /> NOTICE IS HEREBY GIVEN that the City Council of <br /> the City of St. Anthony, Minnesota, will meet on July 22 , <br /> 1980 , at 8 : 30 -.., P.M. , at the City Hall in St. Anthony, <br /> Minnesota, for the purpose of conducting a public hearing on a <br /> proposal that the City issue revenue bonds or notes , in one or <br /> more series, under the Municipal Industrial Development Act, <br /> Minnesota Statutes, Chapter 474, as amended, , in order to <br /> finance the cost of a project. The proposed project will <br /> consist of the improvement, renovation and refurbishing of <br /> the approximately 646 ,000 square. foot shopping. center in <br /> the City owned, by Apache Plaza, Ltd. , a Minnesota limited <br /> partnership. The estimated total amount of the proposed issue <br /> is -$1, 500, 000. The bonds or notes shall be limited obligations <br /> of the City and the bonds or notes, and interest thereon, shall <br /> be payable solely from the revenue pledged to the payment <br /> thereof, except. that_.such _bonds or notes may be secured by a <br /> mortgage- or other encumbrance- on- the--project: . . No--holder of.--.any--- <br /> such <br /> f.any---such bond or note shall ever have the right to compel any <br /> exercise of the taxing power of the City to pay the bonds <br /> or notes or the interest thereon, nor to enforce payment <br /> against- any property of the City except the project. <br /> A draft copy of the proposed application to the <br /> Minnesota Commissioner of Securities for approval of the Project, <br /> together with all attachments and exhibits thereto, is available <br /> for public inspection at the office of the City Clerk during <br /> normal business hours. <br /> All persons interested may, appear and be heard at <br /> the time and place set forth above. <br /> Dated: June 24 , 1980. <br /> BY ORDER OF THE CITY COUNCIL <br /> By Carol Lou Johnson <br /> City Clerk <br />