HomeMy WebLinkAbout6790 - ADMIN Resolution - City Council - 1981/03/16RESOLUTION NO. 6790
RESOLUTION CALLING FOR
PUBLIC HEARING PURSUANT TO MINNESOTA
STATUTES, SECTION 474.01, SUBD. 7b
WHEREAS, a proposal has been made to this Council by
MEDVESCO, a Minnesota general partnership (the "Company"), to
undertake a project (the "Project") pursuant to the Minnesota
Municipal Industrial Development Act, Minnesota Statutes, Chapter
474 (the "Act"); and
WHEREAS, the Project consist of the acquisition, construc-
tion and equipping of an office building to be owned by the Company
and leased to Geri -Care Corporation, a Minnesota corporation; and
WHEREAS, Section 474.01, Subd. 7b, of the Act requires
this Council to conduct a public hearing on said proposal and to
publish notice of said public hearing not less than 15 days nor
more than 30 days prior to the date fixed for the hearing; and
WHEREAS, the Company has delivered to this Council a
draft copy of a proposed application to the Minnesota Commissioner
of Securities, together with all attachments and exhibits thereto,
and said application, attachments and exhibits are now on file
with the City Clerk;
NOW, THEREFORE, BE IT RESOLVED that:
1. A public hearing shall be conducted by this Council
on the proposal to undertake and finance the Project on April 20
1981 , at the City Hall, at which hearing all parties who
appear shall be given an opportunity to express their views with
respect to said proposal; and
2. Notice of the time and place of hearing, and stating
the general nature of the Project and an estimate of the principal
amount of bonds or other obligations to be issued to finance the
Project shall be published at least once not less than 15 days
nor more than 30 days prior to the date fixed for the hearing, in
the official newspaper and a newspaper of general circulation of
the City. The notice shall state that a draft copy of the proposed
application to the Minnesota Commissioner of Securities, together
with all attachments and exhibits thereto, shall be available for
public inspection following the publication of such notice and
shall specify the place and times where and when it will be so
available.
Adopted by City Council Mar1931
Attest:
Reviewed for administration:
Approved
May.(r
Approved as to form and legality:
City Att