HomeMy WebLinkAbout1995-144 CCR1
1
1
Member Kristen Mann introduced the following resolution and
moved its adoption:
RESOLUTION NO. 95 -144
RESOLUTION CALLING FOR A PUBLIC HEARING WITH RESPECT
TO THE PROPOSED FINANCING OF FACILTI'IES FOR GENERAL
LITHO SERVICES. INC.
WHEREAS, a proposal has been made to this Council that the City issue its
revenue bonds (the "Bonds") in order to finance a project consisting generally of the
acquisition, construction, and equipping of an approximately 60,000 square foot
manufacturing facility located on Parkway Circle immediately north of the Holiday Inn in
the City (the "Project"), to be owned by Gary L. Garner and leased to General Litho
Services, Inc., a Minnesota corporation (the "Company pursuant to Minnesota Statutes,
Sections 469.152 to 469.165, as amended (the "Act and
WHEREAS, by resolution adopted in January 1995, this Council granted
preliminary approval to the Project and the financing thereof pursuant to the Act; and
WHEREAS, in order to comply with the requirements of the Act and Section
147(f) of the Internal Revenue Code of 1986, as amended, this Council must conduct a
public hearing on the proposal and publish notice of the public hearing not less than 14 days
prior to the date fixed for the hearing.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Brooklyn Center, Minnesota, as follows:
1. A public hearing shall be conducted by this Council on the proposal to
undertake the issuance of the Bonds on Monday, July 10, 1995, at 7 p.m.
or as soon thereafter as the matter may be heard 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.
2. Notice of the hearing, substantially in the form of Exhibit A attached
hereto shall be published at least once not less than 14 days prior to the
date fixed for the hearing in the official newspaper of the City.
June 12, 1995 /tot 4„i L -C j,,,A.4
Date Ma
Al'1 T: di\a/MI S C R/VIAAttMt
Deputy Clerk
1
RESOLUTION NO. 95 -144
The motion for the adoption of the foregoing resolution was duly seconded by member
Barb Kalligher and upon vote being taken thereon, the following
voted in favor thereof:
Myrna Kragness, Barb Kalligher, Kristen Mann, Debra Hilstrom, and Kathleen Carmody;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
1
1
RESOLUTION NO. 95 -144
Dated: June 21, 1995.
Exhibit A
NOTICE OF PUBLIC HEARING
ON FINANCING FACILITIES FOR
GENERAL LITHO SERVICES, INC.
NOTICE IS HEREBY GIVEN that a public hearing shall be conducted by the City Council
of the City of Brooklyn Center, Minnesota, on a project proposed to be undertaken and
financed pursuant to Minnesota Statutes, Sections 469.152 to 469.165, as amended, by the
City and General Litho Services, Inc., a Minnesota corporation (the "Company The
hearing will be held at the City Hall in the City of Brooklyn Center on Monday, July 10,
1995, at approximately 7 p.m. or as soon thereafter as the matter may be heard. The
project, as proposed, consists generally of the acquisition, construction and equipping of an
approximately 60,000 square foot manufacturing facility located on Parkway Circle
immediately north of the Holiday Inn in the City, to be owned by Gary L. Garner and leased
to the Company. Under the proposal, up to approximately $3,000,000 in principal amount
of revenue bonds of the City will be issued to finance the project. At said time and place the
City Council shall give all parties who appear or submit written comments an opportunity to
express their views with respect to the proposal to undertake and finance the project. A draft
copy of the proposed application to the Minnesota Department of Trade and Economic
Development for approval of the project, together with all exhibits thereto, is available for
public inspection at the office of the City Director of Commercial Development, Monday
through Friday from 8 a.m. to 4:30 p.m., to and including the date of hearing.