HomeMy WebLinkAbout7280 - ADMIN Resolution - City Council - 1982/11/15r
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RESOLUTION NO. 7280
RESOLUTION ESTABLISHING THE DATE FOR A
PUBLIC HEARING ON A PROPOSAL TO UNDEPTAKE
AND FINANCE A PROJECT UNDER MINNESOTA
STATUTES, CHAPTER 474
WHEREAS, the Minnesota Municipal Industrial Development Act, Minnesota
Statutes, Sections 474.01 et seq. (the "Act"), authorizes the issuance of revenue
bonds to finance projects; and
WHEREAS, the term "project" is defined by Section 474.02, subdivision la,
of the Act to include "any properties, real or personal, used or useful in connection
with a revenue producing enterprise"; and
WHEREAS, a representative of Gary M. Bell (the "Developer") has presented
this City Council with information concerning a proposed project (the "Project")
consisting of the acquisition, renovation and remodeling of an existing office and
warehouse building in the City of St. Louis Park (the "City") for more intensive and
economically efficient use as an office, warehouse and manufacturing facility; and
. WHEREAS, the Developer has requested that the City resolve to issue
revenue bonds pursuant to the Act to finance the Project and has presented to the
City a form of preliminary resolution concerning such issuance with a request that
such preliminary resolution, attached hereto as Exhibit A, be considered for
adoption by the City Council of the City; and
WHEREAS, Section 474.01, subdivision 7b, of the Act provides that the City
Council must conduct a public hearing on any proposal to undertake and finance a
project; and
WHEREAS, Section 474.01, subdivision 7b, of the Act provides that notice of
the time and place of such public hearing and stating the general nature of the
project and an estimate of the principal amount of the bonds or other obligations to
be issued to finance the project must be published at least once not less than
fifteen (15) days nor more than thirty (30) days prior to the date fixed for the
public hearing in the official newspaper of the City and a newspaper of general
circulation in the City; and
WHEREAS, Section 474.01, subdivision 7b, of the Act provides that the
notice must state that a draft copy of the proposed application (the "Application")
to the Commissioner of Energy, Planning and Development of the State of
Minnesota for approval of the Project, together with all attachments and exhibits,
is on file with the City and available for public inspection; and
WHEREAS, the Developer has presented to the City a form of public notice,
attached hereto as Exhibit B, with a request that the City Council establish a date
for a public hearing on the proposal to undertake and finance the Project and
authorize publication of the form of public notice provided by the Developer;
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NOW, THEREFORE, BE IT RESOLVED THAT:
1. The City Council of the City will conduct a public hearing on the
proposal to undertake and finance the Project on the 6th day of December ,
1982.
2. The Clerk of the City is hereby authorized to cause a public notice,
substantially in the form of the notice attached hereto as Exhibit B, to be published
in the official newspaper of the City and a newspaper of general circulation in the
City.
3. The Clerk of the City is hereby authorized and directed to have
available for public inspection in the offices of the City a draft copy of the
proposed Application, together with all attachments and exhibits thereto.
Adopted by the City of St. Louis Park November 15, 1982
Attest:
pity Clerk
Reviewed by administration:
Approved as to form and legality: