HomeMy WebLinkAbout6878 - ADMIN Resolution - City Council - 1981/06/15RESOLUTION NO. 6878
RESOLUTION CALLING FOR
PUBLIC HEARING PURSUANT TO MINNESOTA
STATUTES, SECTION 474.01, SUBD. 7b
WHEREAS, a proposal has been made to this Council by KK Corp-
oration, a Minnesota corporation (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 consists of the acquisition, construction
and equipping of an office and retail sales facility; 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 July 6, 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.
Approved by the City Council June 15, 1981
Approved for Administration:
Approved as, to form and legality:
City Atto ney