HomeMy WebLinkAboutCity Council Resolution 1976-213. Resolution No. 2
CITY OF PLY14OUTH
Pursuant to due call and notice thereof, a meeting of
the City Council of the City of Plymouth, Minnesota. was field on the
19th day of April , lg 76 . The following members were
present: Mayor Hilde. Councilmen Hunt. Neils.-Seibol-_and -Soaeth
The following members were absent:
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Councilman Spaeth introduced the following Resolution and
Moved its adoption:
RESOLUTION NO. 76-213
AUTHORIZING MAYOR AND MANAGER TO EXECUTE MEMORANDUM OF AGREEMENT
FOR INDUSTRIAL REVENUE BONDS FOR WHITTAKER CORPORATION
WHEREAS, Whittaker Corporation has requested Municipal Industrial Revenue
Bond assistance for the construction of a manufacturing facility in the
Carlson Companies Addition and has proposed a Memorandum of Agreement
toward such assistance, and
WHEREAS, the City Council has reviewed the Whittaker 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 tefitative
finding of consistency of the Whittaker Corporation proposal with established
City Policy with respect to Industrial Revenue Bonds.
FURTHER, that the Mayor and City Manager are authorized and directed to
execute said Memorandum of Agreement with Whittaker Corporation and proceed
with the actions specified by said Agreement.
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilman Neils 'and upon vote being taken thereon, the
following voted in favor thereof: Mayor Hilde. Councilmen Hunt. Neils_
Seibold and Spaeth
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.
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