Laserfiche WebLink
STATEMENT CONCERNING A PROPOSED PROJECT <br /> UNDER ['MINNESOTA STATUTES, CHAPTER 474 <br /> • The undersigned, being the Mayor of the City of St. Anthony, <br /> Minnesota, certifies that the City Council of the City has been <br /> provided by Loren Swanson ( the "Borrower" ) , with certain <br /> information concerning a proposed Project under the Minnesota <br /> Municipal Industrial Development Act, Minnesota Statutes, Chapter <br /> 474 . On the basis of such information the City Council, by <br /> resolution adopted October 28, 1980, has given preliminary <br /> approval to the proposed Project and the financing thereof by the <br /> issuance of a revenue obligation or obligations of the City of St. <br /> Anthony ( the "City" ) . The following are factors considered by the <br /> Council in determining to give preliminary approval to said <br /> Proiect. <br /> • 1 . The Project consists generally of: <br /> An 11, 000 square foot engineering and <br /> administration building to be located in the <br /> City, all to be used by the Borrower as lessor <br /> to be leased to tenants, including Central <br /> Engineering Company, a Zl1:.nnesota corporation. <br /> 2. Bond Counsel is of the opinion that the Project consti- <br /> tutes a "project" within the meaning of Minnesota Statutes, <br /> Section 474 . 02, Subdivision 1. <br /> 3. The Borrower estimates that, based upon discussions with <br /> prospective tenants, upon completion of the Project, in excess of <br /> 30 persons will be employed at the Project, in addition to the <br /> number of people presently employed by the prospective tenants, <br /> which would provide increased employment opportunity for residents <br /> of the City and the surrounding area. <br /> • <br />