82-63
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CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
Resolution NO. 82-63
Seconded by Councilmember Horn
Dated October 181 1982
Motion by Councilmember GeV1ng
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;
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(b) The City Council of the City of Chanhassen
(the "City") has received from Opus Corporation, a corporation
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,
Subd. 7b, Minnesota Statutes;
NOW, THEREFORE, BE IT RESOLVED, by the City Council
of tneCi ty 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. The Applicant is hereby directed to file 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, in the office of the City Clerk no later than the
date of the initial publication of the Notice of Public Hearing
as directed in Section 5 of this resolution.
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 lS 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 1~~~~ 1982.
Mayor
Attes42J (J()~
City Cler /Manager
Yes
No
Not voting
Swenson
Neveaux
Hamilton
Horn
Gevl.ng
None