82-12
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CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
Dated April 5, 1982
Motion by Councilmember Neveaux
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Resoluti~ No. 82-12
Seconded by Councilmember Geving
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 blighted
and marginal lands and areas of chronic unemployment;
(b) The City Council of the City of Chanhassen
(the "City") has received from Landco, a general partnership
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 Chanhassen, 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.
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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 and Real Estate, 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 Manager is hereby authorized and directed
to cause notice 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.
Adopted by the City Council of the City of
Chanhassen, Minnesota, this 5th day of April
, 1982.
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MAYOR
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Attes42 ~
City Clerk/Manager
Yes
Mayor Hamilton
Councilman Swenson
Councilman Neveaux
Councilman Gevinq
Councilman Horn
No
Absent
None
N(")np
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