HomeMy WebLinkAboutCity Council Resolution 1977-166• 0
CITY OF PLYMOUTH
Pursuant to due calland notice thereof, a special meeting of the City
Council of the City of Plymouth, Minnesota, was a on t e 12th day of
April , 1977 The following members were present:
ouncilme`n-Runt, Neils and Spaeth
The following members were a sent:_ LOuncilman beiDola and Mayor Hilde
Councilman Spaeth introduced the following Resolution and moved
s adoption:
RESOLUTION NO. 77-166
A RESOLUTION RELATING TO AN INDUSTRIAL DEVELOPMENT
PROJECT IN THE CITY: AUTHORIZING AN INCREASE IN THE
TOTAL ESTIMATED COST THEREOF
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA as follows:
I. The City Council by Resolution No. 76-511 gave preliminary approval to a
Project under the Minnesota Municipal Industrial Development Act, such
Project consisting of the acquisition of certain lands and the constructing
and equipping of one or more buildings for use by Food Engineering Corpora-
tion in the manufacturing of food processing equipment.
2. The Project (also known as the 'Burgess Project") has been approved by the
Minnesota Commissioner of Economic Development at an estimated cost of
$875,000, and work on the Project is nearing completion.
3. The owners of the Project have advised the Council that in the course of
construction of the Project they have determined that the installation of
certain.heating and related equipment together with other Project equipment,
not included in the original design of the Project, will significantly
enhance the energy conservation capabilities of the Project buildings,
will provide a more healthful working environment within the Project,
and will make the Project more suitable for its intended purposes. The
owners have further advised the Council that the Project will not be
modified in any ether respect.
4. The owners of the Project have further informed the Council that the
installation of the additional equipment will necessitate the expenditure
of the additional sum of $30,000, and that time is of the essence of
making suitable arrangements with contractors and interim lenders for
such installation.
5. The Council hereby finds and determines that the request for additional
financing for the Project is reasonable, and that the approval of the
additional sum of $30,000 in Industrial Revenue Financing, bringing the
total approved Project cost to $905,000, will carry out the purposes of
the Act, and the request is approved.
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RESOLUTION NO. 77-166
Page 2
6. The City Manager is authorized and directed to transmit a certified copy
of this Resolution to the Commission of Economic Development requesting
approval of the additional Project financing. The City Attorney and other
approving attorneys are authorized and directed to make appropriate
modifications in the documents being prepared for the Project to reflect
approval herein granted.
7. This Resolution constitutes an amendment to the Memorandum of Agreement
relating to the Project between the City and the owners of the Project,
dated September 13, 1976, insofar as the Agreement relates to the total
costs of the Project.
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilma► Hunt and upon vote being taken thereon, the
following voted in favor t erTi eof: Councilmen Hunt and Spaeth
The following voted against or abstained: Councilman Neils voted nay
Whereupon the Resolution was declared duly passed and adopted.