HomeMy WebLinkAbout1981-203 CCR Member Tony Kuefler introduced the following resolution
III and moved its adoption:
RESOLUTION NO. 81 -203
RESOLUTION AUTHORIZING A PUBLIC OFFERING OF TAX EXEMPT BONDS
FROM THE BROOKDALE OFFICE PARK PARTNERSHIP
WHEREAS, the City of Brooklyn Center has given preliminary approval
to a project application for industrial revenue bonds submitted by the Brookdale
Office Park Partners; and
WHEREAS, the City Council of the City of Brooklyn Center has established
minimum criteria for consideration of a public offering of industrial revenue bonds;
and
WHEREAS, the applicant (Brookdale Office Park Partnership) has requested
authorization for a public offering; and
WHEREAS, the applicant (Brookdale Office Park Partnership) has demon-
strated that the bonds would carry a AA+ rating; and
WHEREAS, the applicant (Brookdale Office Park Partnership) has or will
meet all of the requirements for a public offering of tax exempt bonds set forth
by the City Council of the City of Brooklyn Center.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL of the City of
Brooklyn Center that the Brookdale Office Park Partnership be authorized to
make a public offering of their industrial revenue bonds contingent upon a
bond rating of AA or better and that all references to the City of Brooklyn
Center on the bond be minimized with a lesser typesetting.
October 5, 1981 -x.02_
Da Mayor "07
A411 ATTEST: Ari 4/,i
C k
The motion for th adoption of the foregoing resolution was duly seconded by
member Bill Fignar and upon vote being taken thereon, the
following voted in favor thereof: Dean Nyquist, Bill Fignar, Tony Kuefler,
and Celia Scott;
and the following voted against the same: Gene Lhotka,
whereupon said resolution was declared duly passed and adopted.