HomeMy WebLinkAboutCity Council Resolution 1982-563CITY OF PLYMOUTH
Pursuant to due call and notice thereof, aj
the City of Plymouth, Minnesota, was held on
The following members were present: Mayor Da,
meeting of the City Council of
�. day .of . October 19 82
nunrilmpmhers Moen. el s ani'
` n1,nri1mamhar Nails introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82-563
RESOLUTION CALLING FOR A PUBLIC HEARING
ON A PROPOSAL FOR AN INDUSTRIAL FACILITIES DEVELOPMENT PROSECT
PURSUANT TO THE MINNESOTA MUNICIPAL INDUSTRIAL DEVELOPMENT ACT
AUTHORIZING THE PUBLICATION OF A NOTICE OF SAID HEARING
(WILDMAN/SCOVILLE PRESS PROSECT)
WHEREAS,
(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 development of econo-
mically 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 Plymouth (the "City") has received
from Donald C. Wildman (the "Company") a proposal that the City assist in finan-
cing 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, Subdivision 7b, Minnesota Statutes;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Plymouth, Minne-
sota, 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
. contined in the Notice hereto attached.
RESOLUTION NO. 62-563
Page Two
4. A draft copy of the proposed application to tht Commissioner of
Energy, Planning and Development, 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 Clerk.
S. The City Clerk is hereby authorized and directed to cause notice of
said hearing to be given one publication in the official newspaper and a news-
paper 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.
The motion for adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the
o ng v0 In aYOr neo 3 �yaggr Ilav10t!!±!^1_ nnnilmemberS_Moen.Neils- al
he o ng voted against or abstained: nnnQ
Rhereupon the Resolution was declared duly pas opt -