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.