HomeMy WebLinkAbout1981-220 CCR Member Celia Scott introduced the following resolution
and moved its adoption:
RESOLUTION NO. 81 -220
RESOLUTION CALLING FOR A PUBLIC HEARING ON A PROPOSAL FOR A COMMERCIAL
FACILITIES DEVELOPMENT PROJECT PURSUANT TO THE MINNESOTA MUNICIPAL
INDUSTRIAL DEVELOPMENT ACT AUTHORIZING THE PUBLICATION OF A NOTICE
OF SAID HEARING
WHEREAS, (a) Chapter 474, Minnesota Statutes, known as the Minnesota
Municipal Industrial Development Act (the "Act gives municipalities
the power to issue revenue bonds for the purpose of the encouragement
and development of economically sound industry and commerce to prevent
so far as possible the emergence of the blighted and marginal lands
and areas of chronic unemployment;
(b) The City Council of the City of Brooklyn Center (the "City has
received from Brookdale Corporate Center II, a limited partnership to
be organized under the laws of the State of Minnesota (the "Company
a proposal that the City assist in financing a project hereinafter
described, through the issuance of its industrial revenue bonds (which
may be in the form of a single debt instrument) (the "Bonds pursuant
to the Act;
(c) Before proceeding with consideration of the request of the Company
it is necessary for the City to hold a public hearing on the proposal
pursuant to Section 474.01, Subdivision 7b, Minnesota Statutes;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL of the City of Brooklyn
Center, Minnesota, as follows:
1. A Public Hearing on said proposal of the Company will be held at the
time and place set forth in the Notice of Hearing hereto attached.
2. The general nature of the proposal and an estimate of the principal
amount of bonds to be issued to finance the proposal are described in the form of
Notice of Hearing hereto attached.
3. The Notice of said Public Hearing shall be in substantially the form
contained in the Notice hereto attached.
4. A draft copy of the proposed application to the Commissioner of
Securities, State of Minnesota, for approval of the project, together with proposed
forms of all attachments and exhibits thereto, is on file in the office of the City
Manager.
5. The City Manager is hereby authorized and directed to cause notice of
said hearing to be given one publication in the official newspaper and a newspaper
.RESOLUTION NO. 81 -220
III of general circulation available in the City, not less than 15 days nor more
than 30 days prior to the date fixed for said hearing, as shown in the notice
of hearing hereto attached.
November 23, 1981 2
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Date Mayor
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ATTEST:
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The motion for the adoption of the foregoing resolution was duly seconded by
member Tony Kuefler and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Tony Kuefler, Bill Fignar, Gene Lhotka,
and Celia Scott;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
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