HomeMy WebLinkAbout6364 - ADMIN Resolution - City Council - 1979/09/17SEPTEMBER 17, 1979
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RESOLUTION NO. 6364
RESOLUTION RELATING TO AN
INDUSTRIAL DEVELOPMENT REVENUE
BOND PROJECT IN BEHALF OF
REUBEN L. ANDERSON-CHERNE, INC.;
AMENDING RESOLUTION NO. 6076
GIVING PRELIMINARY APPROVAL
TO SAID PROJECT.
WHEREAS, the Council by Resolution No. 6076 of August 7,
1978 gave preliminary approval to a proposed project (the "Project")
for Reuben L. Anderson-Cherne, Inc. (the "Company") under the
Minnesota Municipal Industrial Development Act, Minnesota Statutes,
Chapter 474 (the "Act"), at an estimated cost of $2,250,000; and
WHEREAS, the Project was approved as proposed by the
Minnesota Commissioner of Securities on May 21, 1979; and
WHEREAS, this Council has been advised by the Company that
anticipated construction costs of the Project will cause the total
Project costs to increase to approximately $3,000,000; and that
there will be no substantive change in the Project as proposed
and approved;
NOW, THEREFORE, BE IT RESOLVED By the City Council of the
City of St. Louis Park, Minnesota as follows:
1. Resolution No. 6076 is amended in paragraph 1(a) to
strike the figure $2,250,000 and insert in lieu
thereof $3,000,000.
2. All other provisions of Resolution No. 6076 are
ratified and confirmed in all respects.
3. The City Manager is authorized and directed to transmit
a certified copy of this resolution to the Commissioner
of Securities, together with such other supporting
documentation as the Manager and City Attorney deem
necessary.
Adopted by the City Council September 17, 1979.
istration: Approved as to form and legality:
City ttorney