HomeMy WebLinkAboutCity Council Resolution 1976-101W W
CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota, was e d on the
17th day of February , 19 76 . The following members were
present: Mayor Hilde. Councilmen_ Hunt, Neils. Seibold and Spaeth
The following mem ers were absent:
�,►* ,ter
Councilman Hunt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 76-101
ORDERING PREPARATION OF DOCUMENTATION
FOR INDUSTRIAL REVENUE BONDS FOR DELTAK CORPORATION
WHEREAS, Deltak Corporation has requested Municipal Industrial Revenue Bond
assistance for the construction of a manufacturing facility in the
Reinhard Industrial Park and has proposed a Memorandum of Agreement
toward such assistance, and
WHEREAS, the City Council has reviewed the Deltak Corporation proposal and
Memorandum of Agreement as to consistency with established City
Policy concerning the issuance of Industrial Revenue Bonds,
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH MINNESOTA that it should and hereby does mAke a tentative
finding of consistency of the Deltak Corporation proposal with
established City Policy with respect to Industrial Revenue Bonds.
FURTHER, that the Mayor and City Clerk are authorized and directed to
execute said Memorandum of Agreement with Deltak Corporation
and proceed with the actions specified by said Agreement.
The motion for the adoption of the foregoing Resolution was duly seconded
bywad and upon vote being taken thereon, the
fol ow nq voted in favor thereof: Mayor Hilde. Councilmen Hunt and Snaarn
The fol y voted against or abstained: Councilmen Neils and Seibold vots.d nay.
Whereupon the Resolutior was declared duly passed and adopted.