HomeMy WebLinkAbout7426 - ADMIN Resolution - City Council - 1983/07/05r
RESOLUTION NO. 677i
RESOLUTION CALLING FOR A PUBLIC HEARING
RELATING TO A PROJECT UNDER THE
MUNICIPAL INDUSTRIAL DEVELOPMENT ACT
(G & N LIMITED PARTNERSHIP PROJECT)
WHEREAS, this City Council, by Resolution No. 7181,
adopted on July 19, 1982, gave preliminary approval to the
issuance of its revenue bonds under the Municipal Industrial
Development Act, Minnesota Statutes, Chapter 474, as
amended, to undertake and finance a project on behalf of G &
N Limited Partnership, a Minnesota limited partnership (the
"Company"). Said project consists of the acquisition of
land and an existing building, located at 6600 Excelsior
Boulevard, in the City of St. Louis Park, Minnesota, the
renovation and construction of said building and the acqui-
sition and installation of equipment therein and thereon,
for use as a commercial medical and dental office facility
(the "Project"), to be owned by the Company and leased to
various tenants; and
WHEREAS, recent changes in the Federal tax laws require
that this City Council publish notice and hold an additional
public hearing, giving interested individuals an opportunity
to express their views on the proposed issue of bonds and
the Project.
NOW, THEREFORE, BE IT RESOLVED, by the City Council; of
the City of.St. Louis Park, as follows:
1. This Council shall conduct a public hearing on the
proposal to undertake and finance the Project, to be held on
Monday, August 1, 1-9832-, at approximately 7:30 p.m. at the
City Hall.
2. The City Clerk shall cause notice of the public
hearing to be published in the official newspaper of 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: said notice to be published shall be in substan-
tially the form attached hereto as Exhibit A.
Adopted by the City Council o July 5, 1983.
Mayor
viewed fora i 'stration: Appre ted,as to form d legality:
y Manager City Atto ney
1
111 wits appuln e
VOTE FOR ONE
DEBORAH HEDLUND—Incumbent
Nominated Without Party Designation
FOR JUDGE OF HENNEPIN COUNTY
MUNICIPAL COURT TO WHICH
Peter J. Lindberg was elected for the regular term
VOTE FOR ONE
I PETER J. LINDBERG—Incumbent
Nominated Without Party Designation
I
FOR JUDGE OF HENNEPIN COUNTY
MUNICIPAL COURT TO WHICH
Delila F. Pierce was elected for the regular term
VOTE FOR ONE
DELILA F. PIERCE—Incumbent
Nominated Without Party Designation
i
NOTICE OF PUBLIC HEARING
COMMERCIAL DEVELOPMENT REVENUE BONDS
(G & N LIMITED PARTNERSHIP PROJECT)
NOTICE IS HEREBY GIVEN that a public hearing will be
held by the City Council of the City of St. Louis Park,
Minnesota, at the City Hall, 5005 Minnetonka Boulevard, St.
Louis Park, Minnesota, at approximately 7:30 p.m., Monday,
August 1, 1983, for the purpose of considering a proposal
that the City undertake and finance a commercial development
project in the City. A meeting of the City Council of the
City will follow the hearing, at which a resolution giving
approval to the issuance of its revenue bonds to finance the
project will be considered.
The project, to be owned by G & N Limited Partnership, a
Minnesota limited partnership, consists of the acquisition
of land and an existing building, located at 6600 Excelsior
Boulevard in the City, the renovation and construction of
said building and the acquisition and installation of
equipment therein and thereon, for use as a commercial medi-
cal and dental office facility, to be leased to various
tenants. The estimated maximum principal amount of the
obligations proposed to be issued by the City is
$2,500,000. The obligations and the interest thereon shall
be limited obligations of the City, except that such obliga-
tions may be secured by a mortgage or other encumbrance on
the project. No holder of any such obligation shall ever
have the right to compel any exercise of the taxing power of
the City to pay the obligation, or the interest thereon, nor
to enforce payment against any property of the City except
the project.
All persons interested may appear and be heard at the
time and place set forth above, or may submit their views in
writing to the undersigned at the address set forth above, :
prior to the date of said hearing, on the proposed issue of
bonds and the location and nature of the project.
EARL E. HANSON
CITY CLERK
(Published in the St. Louis Park SUN July 13, 1983)