HomeMy WebLinkAbout7307 - ADMIN Resolution - City Council - 1982/12/201
RESOLUTION NO. 7307
RESOLUTION OF THE CITY OF ST. LOUIS PARK
RELATING TO A PROJECT UNDER THE MUNICIPAL
INDUSTRIAL DEVELOPMENT ACT AND CALLING FOR
A PUBLIC HEARING THEREON
RESOLVED, BY THE CITY COUNCIL OF THE CITY OF ST. LOUIS PARK,
MINNESOTA:
SECTION 1
Recitals
1.1 St. Louis Park Medical Center Research Foundation, a Minnesota nonprofit
corporation ("Borrower"), has advised this Council of its desire to improve and
covert portions of two existing buildings into medical, clinical and treatment
space to be leased to St. Louis Park Medical Center and Medcenter Health Plan for
use as medical clinic, health care and related facilities.
1.2 The City of St. Louis Park ("City") is authorized by Minnesota Statutes,
Chapter 474 ("Act"), to issue its revenue bonds to finance capitalprojects
consisting of properties used and useful in connection with a revenue-producing
enterprise. The Borrower has requested the City issue its revenue bonds in an
estimated total amount of $965,000.00 to finance a portion or all of the cost of the
10 Project.
SECTION 2
Public Hearing
2.1 Section 474.01, Subdivision 7b of the Act requires that prior to submission of
an Application to the Commissioner of Minnesota Department of Energy, Planning
and Development requesting approval of the Project as required by Section 474.01,
Subdivision 7 of the Act, this Council shall conduct a public hearing on the proposal
to undertake and finance the Project. Pursuant to that provision, a public hearing
on the proposal to undertake and finance the Project is called and shall be held on
January 17, 1983, at 7:30 o'clock P.M., at the City Hall.
2.2 The City Clerk shall cause notice of the public hearing to be published in the
St. Louis Park Sun, official newspaper of the City and in the Minneapolis Star and
Tribune, a newspaper of general circulation in the City, at least once not less than
fifteen (15) nor more than thirty (30) days prior to the date fixed for the public
hearing. The notice to be published shall be in substantially the following form:
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2.3 A draft copy of the proposed Application to the Commissioner of Minnesota
Department of Energy, Planning and Development, together with all attachments
and exhibits thereto, are hereby ordered placed on file, with the City Clerk and
shall be available for public inspection, following publication of the notice of public
hearing, between the hours of 8:00 A.M. and 4:30 P.M., Monday through Friday.
Adopted this ZOth day of December, 1982.
Attest:
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City er 6,4446.'4
Reviewed for administration
y Manager
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Approved as to form and legality
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