Loading...
HomeMy WebLinkAboutCity Council Resolution 1983-673_` x Member Schneider introduced the following resolution and moved its adoption: RESOLUTION NO. 83- 673 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 Municipality), as follows: SECTION 1 Recitals 1.1 Alpana Aluminum Products, Inc., a Minnesota corporation (the Borrower), has advised this Council of its desire to construct and equip an approxi- mately 70,000 square foot facility (the Project) for use as an office and manufacturing facility to be owned by this company. The project will be located at the southeast corner of Vicksburg Lane and Medina Road. 1.2 The Municipality 1s authorized by Minnesota Statutes, Chapter 474 (the Act), to issue its revenue bonds to finance capital projects conslstlnq of properties used and useful In connection with a revenue-producinq enterprise. The Borrower has requested the Municipality issue Its revenue bonds in an aggregate total amount not to exceed 51,500,000 (the Ponds) to finance a portion or all of the cost of the Project. SECTION 2 Public Hearing 2.1 Section 474.01, Subdivision 7b of the Act requires that prior to submission of an Application to the Minnesota Energy and Economic Develop- ment Authority requesting approval of the Project, as re•rfilred by Section 474.01, Subdivision 7 of the Act, this Council conduct a public hearing on the proposal to undertake and finance the Project. Section 103(k) of the Internal Revenue Code of 1954, as amended, and regulations promulgated thereunder, requires that prior to this issuance of the Bonds, this Council approve the Bonds and the Project, after conducting a public hearing thereon. A public hearing on the proposal to undertake and finance the Project through the issuance of the Bonds Is hereby called and shall be held on December 28, 1983 at 5:30 o'clock P.M., at the City Hall. 2.2 The City Clerk shall cause notice of the public hearing to be published in the New H�outh Post, the official newspaper of the Municipality, and in the nnea st� ar and Tribune, a newspaper of general circulation In the Munic pa Sty, at least once not less than fifteen (15) nor more than thirty (30) days prior to the date fixed for the public hearing. The notice to be published shall be in substantially the following form: &a fd4. 8f '523 NOTICE OF PUBLIC HEARING ON INDUSTRIAL DEVELOPMENT PROJECT ON BEHALF OF ALPANA ALUMINUM PRODUCTS, INC. NOTICE IS HEREBY GIVEN that a public hearing shall be conducted by the City Council of the City of Plymouth on an industrial development project proposed to be undertaken and financed pursuant to Minnesota Statutes, Chapter 474, by the City and Alpena Aluminum Products, Inc. (the "Company"). The hearing will be held at the City Hall in said City on December 28th, 1993 at 5:30 PM The project as proposed consists generally of acquisition and construction of an office/manufacturing facility to be owned by the Company and used as its headquarters and manufacturing facility. The address of said facility is SE Corner of Vicksburg Lane and Medina Road, Plymouth. Under the proposal, up to approx- imately $1,500,000.00 in principal amount of Industrial Development Revenue Bonds of the City of Plymouth will be issued to finance the project. At said time and place the City Council shall give all parties who appear an opportunity to express their views with respect to the proposal to undertake and finance the project. A draft copy of the proposed Application to the Minnesota Commissioner of Energy, Planning and Development for the project, together with all attachments and exhibits thereto, shall be available for public inspection, following publication of this notice, in the office of the City Clerk, Monday through Friday, except legal holidays, from 8:00 o'clock A.M. to 4:30 o'clock P.M. to and including the date of hearing. DATED• BY ORDER OF THE CITY COUNCIL � Yr. 2.3 A draft copy of the proposed Application to the Minnesota Energy and Economic Development Authority, together with draft copies of all attach- ments and exhibits thereto, are hereby ordered placed on file with the City Clerk and shall be available for public inspection, following publication of the notice of public hearing, between the hours of 8:00 A.M. and 4:30 p.m., Monday through Friday. Adopted this 5th day of December, 1983. Mayor ATTEST: City Clerk (SEAL) 0 The motion for the adoption of the foregoing resolution was duly seconded by Member Neils and upon vote being taken thereon, the follow- ing voted in favor thereof: Mayor Davenport, Councilmembers Neils and Schneider and the following voted against the same: none Whereupon the resolution was declared duly passed and adopted.