HomeMy WebLinkAboutCity Council Resolution 1981-078• 1 .
Member Neils introduced the following
resolution and moved its adoption:
RESOLUTION NO. 81-78
RESOLUTION RELATING TO A PROJECT UNDER THE
MUNICIPAL INDUSTRIAL DEVELOPMENT ACT; CALLING
FOR A PUBLIC HEARING THEREON
BE IT RESOLVED by the City Council of the City of
Plymouth, Minnesota (the "City"), as follows:
Section 1. Recitals.
1.01 Deltak Corporation (the "Company") has advised
this Council of its desire to construct an addition to its
existing manufacturing and office facility located within the
city (the "Project").
1.02 The City is authorized by Minnesota Statutes,
Chapter 474 (the "Act"), to issue its revenue bonds to finance
capital projects consisting of properties used and useful in
connection with a revenue-producing enterprise. The Company
has requested that the City issue its revenue bonds in an appro-
priate amount of $2,000,000 to finance costs of the Project.
Section 2. Public Hearing.
2.01 Section 474.01, Subdivision 7b of the Act
requires that prior to submission of an application to the
Minnesota Commissioner of Securities requesting approval of the
Project as required by Section 474.01, Subdivision 7a of the
Act, this Council shall conduct a public hearing on the proposal
to undertake and finance the Project. Puisuant to that provision,
a public hearing on the proposal to undertake and finance the
Project is called and shall be held on February 23, 1981, at
7 � ,ja p.m., at the Plymouth City Hall.
2.02 The City shall cause notice of the public hearing
to be published in the official newspaper of the City and in a
newspaper of general circulation in the City, at least once not
less than fifteen (15) nor more than thirty (30) days prior to
the date•fixed for the hearing, such notice to be in the form
required by law.
2.03. A draft copy of the proposed application to the
Minnesota Commissioner of Securities, together with all attachments
and exhibits thereto, are hereby ordered placed on file with the
City Clerk and shall be available for public inspection, following
the publication of the notice of public hearing, between the
hours of 8:00 a.m. and 4:30 p.m. on weekdays.
Attest:
City Clerk
Mayor
The motion for the adoption of the foregoing resolution
was duly seconded by Member Hovt and upon vote
being taken thereon, the following voted in favor thereof:
Mayor Davenport, Councilmembers Hoyt, Neils, Schneider and Threinen
and the following voted against the same: None
whereupon the resolution was declared duly passed and adopted
and was signed by the Mayor and attested by the City Clerk.
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