HomeMy WebLinkAbout1981-023 CCRMember Gene Lhotka introduced the following resolution
and moved its adoption:
RESOLUTION NO. 81 -23
RESOLUTION CALLING FOR A PUBLIC HEARING ON A PROPOSAL FOR
A COMMERCIAL FACILITIES DEVELOPMENT PROJECT PURSUANT TO
THE MINNESOTA MUNICIPAL INDUSTRIAL DEVELOPMENT ACT AUTHOR-
IZING 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 econom-
ically sound industry and commerce to prevent so far as possible the emergence
of 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, Brooklyn Center, a limited
partnership, a partnership to be organized under the laws of the State of
Minnesota (the "Company a proposal that the City assist in financing a pro-
ject hereinafter described, through the issuance of its industrial revenue
bonds (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 prin-
cipal 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 Clerk.
5. The City Clerk is hereby authorized and directed to cause notices
of said hearing to be given one publication in the official newspaper and a
newspaper 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.
RESOLUTION NO. 81 -23
I
L
January 26, 1981
Date
Maycyf
ATTEST:
C. f /irk
The motion for the adoption of the foregoing resolution was duly seconded by
member Celia Scott 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.
RESOLUTION NO. 81_2'
NOTICE OF PUBLIC HEARING
ON A PROPOSAL FOR A COMMERCIAL
FACILITIES DEVELOPnENT PROJECT
To whom it may concern:
Notice is hereby given that the City Council of the
City of Brooklyn Center, Minnesota will meet at the City Hall
in the City of Brooklyn Center, Minnesota at o'clock m.
on January 1981, to consider the proposal Brookdale
Corporate Center Brooklyn Center, a limited partnership, that
the City assist in financing a project hereinafter described by
the issuance of industrial development revenue bonds.
Description of Project
A 116,000 square foot general purpose office
buildinq to he located immediately south of
Interstate 94 at the corner of Shingle Creek
Parkway and Summit Drive.
The estimated principal amount of bonds or other obli-
gations to be issued to finance this project is $8,600,000.
Said bonds or other obligations if and when issued
will not constitute a charge, lien or encumbrance upon any
property of the City except the project and such bonds or
obligations will not be a charge against the City's general
credit or taxing powers but are payable from sums to be paid by
Brookdale Corporate Center, Brooklyn Center, a limited
partnership pursuant to a revenue agreement.
A draft copy of the proposed application to the
Commissioner of Securities, State of Minnesota, for approval of
the project, together with all attachments and exhibits there-
to, is available for public inspection beginning r
from 8:30 o'clock a.m. to 4:30 o'clock p.m., Monday through
Friday, at the offices of the City Manager., City Hall, Brooklyn
Center, Minnesota.
At the time and place fixed for said Public Hearing,
the City Council of the City of Brooklyn Center will give all
persons who appear at the hearing an opportunity to express
their views with respect to the proposal.
Dated this day of January, 1981.
(BY ORDER OF THE CITY COUNCIL)
By
L C lark