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HomeMy WebLinkAboutCity Council Resolution 1991-393CITY OF PLYMOUTH, MINNESOTA RESOLUTION NO. 91- 393 Authorising the Execution and Delivery of a Joint Powers Agreement with the Minneapolis Community Development Agency, Relating to the Financing of a Project for Opportunity Workshop, Inc. WHEREAS, it has been proposed that the Minneapolis Community Development Agency (the "Agency") issue revenue bonds (the "Bonds") on behalf of itself and the City of Plymouth (the "City"), in order to finance the acquisition, construction and equipping of an approximately 21,000 square foot light assembly and training facility in the City (the "Facility") to be used by Opportunity Workshop, Inc., a Minnesota nonprofit corporation, or its successors or affiliates (the "Company"); and WHEREAS, on May 6, 1991, by the passage of Resolution No. 91-259, the City gave its approval to the issuance of the Bonds by the Agency on behalf of the City and the Company to finance the Facility; and WHEREAS, in order for the Agency to issue the Bonds, it is necessary for the Agency and the City to enter into a joint powers agreement as required by Minnesota Statutes, Section 471.59; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA: Section 1. The City Council of the City hereby authorizes and directs the Mayor of the City (the "Mayor") and the City Manager of the City (the "City Manager") to execute and deliver the Joint Powers Agreement, dated as of August 1, 1991, by and between the City and the Agency (the "Joint Powers Agreement"). The Joint Powers Agreement shall be substantially in the form on file with the City Clerk on the date hereof, with such necessary and appropriate variations as the Mayor and City Manager, with the advice of the City Attorney, shall determine; provided that the execution thereof by the Mayor and City Manager shall be conclusive evidence of such determination. Section 2. This resolution shall be in full force and effect from and after its passage. Passed and adopted by a majority vote of the City Council of the City of Plymouth, Minnesota, at a regular meeting held July 22, 1991.