HomeMy WebLinkAboutCity Council Resolution 1983-05871,
a dui Cil] .snd 1MtfiCr tifere0f, i �'meetino of <the City Council
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CfiLy oi`1ydut#, Minnesota, rise Mu an er, 2T4th:diy of January
rhe fallowing gibers Were present:_Mayor Davenport, Counc mem ers
_Mftien_ Nei 1 s . Schneider and Threi nen -`
?Ke -Following members were absent., none ?
introduced the following Resolution and moved its
adoption:
RESOLUTION N0. 83 - 58
RESOLUTION CALLING FOR PUBLIC HEARING PURSUANT TO MINNESOTA STATUTES, SECTION
474.01, SUBDIVISION 7b, AND PUBLICATION OF NOTICE
WHEREAS, a proposal has been made to the City Council (the "Council") of the
City of Plymouth, Minnesota (the "City"), by Gary R. Bluem (the "Borrower"), to
undertake a project (the "Project") pursuant to the Minnesota Municipal Indus-
trial Development Act, Minnesota Statutes, Chapter 474 (the "Act"); and
WHEREAS, the Project consists of construction of a new office and light manu-
facturing facility to be located at 2500 Niagra Lane in the City; and
WHEREAS, Section 474.01, Subdivision 7b, of the Act requires this Council to
conduct a public hearing on said proposal and to publish notice of said public
hearing not less than fifteen (15) days nor more than thirty (30) days prior
to the date fixed for the hearing; and
WHEREAS, the Borrower has delivered to this Council a draft copy of a proposed
application to the Minnesota Commissioer of the Department of Energy, Planning
and Development, together with all attachments and exhibits thereto, and said
application, attachments and exhibits are now or, file with the City Clerk.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY THAT:
1. A public hearing shall be conducted by this Council on
the proposal to undertake and finance the Project on February
22, 1983, at 7:30 o'clock p.m., at the city hall, 3400 Plymouth
Boulevard in the City, at which hearing all parties who appear
shall be:Igiven an opportunity to express their views with
respect to said proposal.
2. Notice of the time and place of hearing, which shall state
the general nature of the Project and an estimate of the
principal amount of the bonds or other obligations to be issued
to finance the Project, shall be published at least once not
less than fifteen (15) days nor more than thirty (30) days
prior to the date fixed for the hearina in the official news-
paper and in a newspaper of general circulation of the City.
The notice shall state that a draft copy of the -proposed appli-
cation to the Minnesota-Conr.:sstoner of Energy, Planning and
Development, together will all attachments and exhibits thereto,
shall be available for public inspection following the publication
of such notice and shall specify the place and times such appli-
cations and exhibits and attachments shall be so available.
0
'fie nation for the adoption of the foregoing Resolution was duly seconded
I* cg,nri1 ft r Thi in n 0 and upon vote being taken the reo the
folLow� voted in favor rao : or Davenport, councilmembers en,
Nal l c Scbnp, d r and Threi nen
SRC sviivwtnR wteo AA�gaatnst or Aosta none
Wwreupon the Resolution was declared duly pas
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NOTICE OF PUBLIC HEARING ON
PROPOCED PROJECT AND THE ISSUANCE
OF INDUSTRIAL DEVELOPMENT REVENUE BONDS
UNDER THE MUNICIPAL INDUSTRIAL
DEVELOPMENT ACT, MINNESOTA STATUTES,
CHAPTER 474, AS AMENDED
CITY OF PLYMOUTH, MINNESOTA
14OTICE IS HEREBY GIVEN that the governing body of the City
of Plymouth, Minnesota (the "City"), shall meet on February 14,
1983, at 7:30 o'clock p .m., at the city hall, 3400 Plymouth
Boulevard in the City, for the purpose of conducting a public
hearing on a proposed issue of Industrial Development Revenue
Bonds (the "bonds") under the Minnesota Municipal Industrial
Development Act, Minnesota Statutes, Chapter 474, as amended, to
undertake and finance a project on behalf of Gary R. Bluem (the
"Borrower").
The project shall consist of construction of a new office
and light manufacturing facility (the "Project") and shall be
located at 2500 Niagra Lane in the City. The estimated total
amount of the proposed bond issue is $375,000. The bonds shall be
limited obligations of the City, and the bonds and interest
thereon shall be payable solely from the revenue pledged to the
payment thereof, except that such bonds may be secured by a
mortgage and other encumbrances on the Project. No holder of any
such bond shall ever have the right to compel any exercise of the
taxing power of the City to pay the bonds or the interest thereon
nor to enforce payment against any property of the City except the
Project.
A draft copy of the proposed application to the Minnesota
Commissioner of Energy, Planning and Development for approval of
the Project, together with all attachments and exhibits thereto,
is available for public inspection at the offices of the city,
3400 Plymouth Boulevard, Plymouth, Minnesota, weekdays between the
hours of 8:00a.m. and4:30 p.m•
Dated: January 24 , 1983.
BY ORDER OF THE CITY COUNCIL
City Clerk