85-39
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CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
Dated August 5, 1985
M:>tion by Councilmenber: Watson
Resolution NO. 85-39
Seconded by Counci lmember Ham] 1 ton
RESOLUTION CALLING FOR A PUBLIC HEARIN~
- ON A PROPOSAL FOR A 25,000 SQ. F'.L'.
INDUSTRIAL BUILDING
PURSUANT TO THE MINNESOTA MUNICIPAL
INDUSTRIAL DEVELOPMENT ACT AUTHORIZING
THE PUBLICATION OF A NOTICE OF SAID HEARING
WHEREAS,
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(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 develop-
ment 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 LSR Properties
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 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.
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 th~ 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.
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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.
this
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Adopted by the City Council of the City of Chanhassen. Minnesota,
5ili day of August, 1985. </J~ IL! _
y . ~ Mayor
Attest: ~ .
;()~ .' .C;J;;a
Ci ty Cl erk/~lanager - -
Yes
No
Not Voting
None
Hamilton
Hom
Gevinq
Swenson
Watson
None
RESOLUTION 85-39
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593W
RESOLUTION CALLING FOR A PUBLIC HEARING
ON A PROPOSAL FOR AN INDUSTRIAL
FACILITIES DEVELOPMENT PROJECT
PURSUANT TO THE MINNESOTA MUNICIPAL
INDUSTRIAL DEVELOPMENT ACT AUTHORIZING
THE PUBLICATION OF A NOTICE OF THE HEARING
LSR PROPERTIES
WHEREAS;
(a) Chapter 474, Minnesota Statutes,
known as the Minnesota Municipal Industrial
Development Act (the "Act") gives muni-
cipalities 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 LSR
Properties, a 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 consider-
ation 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 the proposal of the Company
will be held at the time and place set forth in the Notice of
Hearing hereto attached.
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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 attached form of
Notice of Hearing.
3. A draft copy of the proposed application to the
Energy and Economic Development Authority, 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.
. 4. The; City Manager is hereby authorized and
directed to cause notice of the 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 the
hearing, substantially in the form of the attached Notice of
Public Hearing.
Adopted by the City Council of the City of
Chanhassen, Minnesota, this 5th day of August, 1985.
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ATTEST:
f1-J Cft~
'City Manager