HomeMy WebLinkAbout6284 - ADMIN Resolution - City Council - 1979/06/18JUNE 18, 1979
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RESOLUTION NO. 6284
RESOLUTION CALLING PUBLIC HEARING ON PROPOSAL
WHEREBY THE CONSTRUCTION OF A THREE-STORY
OFFICE BUILDING WOULD BE FINANCED BY THE
ISSUANCE OF MUNICIPAL INDUSTRIAL DEVELOP-
MENT REVENUE BONDS
WHEREAS, the City of St. Louis Park is authorized by the provisions
of law (Section 1, Subd. 7, Chapter 474) to issue and sell its industrial
development revenue bonds to finance in whole or in part the cost of
industrial developments; and
WHEREAS, CKR Development Company, a general partnership under
Minnesota law, has submitted to the City Council a proposal that the City
issue such revenue bonds in aid of such project; therefore,
BE IT RESOLVED by the City Council of St. Louis Park as follows:
1) The City Council shall meet on July 16, 1979, at 7:30 p.m.,
to conduct a public hearing on the proposal of CKR Develop-
ment Company that the City issue and sell its industrial
development revenue bonds to finance a three-story office
building at Alabama Avenue at West 37 Street for an
estimated cost of $1.5 million.
2) The City Clerk is authorized and directed to cause published
notice of such hearing in the manner provided by Law.
Adopted by the City Coun.6 June 18, 1979.
Attest:
Revie ed for .4i,�istration:
Manager
Ma or
Approved as to form and legality:
City Attorney