Res 1985 - 95 Ratifying Publication of a Norice of Public Hearing on a Proposal for a Commercial Facilities Development Project Pursuant to the MN Municipal Industrial Development ActCITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO. 85- 95
RESOLUTION RATIFYING PUBLICATION OF A NOTICE OF PUBLIC HEARING
ON A PROPOSAL FOR A COMMERCIAL FACILITIES DEVELOPMENT PROJECT
PURSUANT TO THE MINNESOTA MUNICIPAL INDUSTRIAL DEVELOPMENT ACT
WHEREAS,
(a) Chapter 474, Minnesota Statutes, known as the Minnesota Development
Act, (the "Act"), gives municipalities the power to issue revenue bonds for the
purpose of the encouragement and development of economically sound industry and
commerce to prevent so far as possible the emergence of blighted and marginal
lands and areas of chronic unemployment; and
(b) The City Council of the City of Mendota Heights, Minnesota (the
"City"), has received from 0. Larry Lee a request that the proposed Alpha Environ-
ments industrial development revenue bond issue approved by the Council in the
amount of $6,400,000 be downsized to $3,500,000 and that the proceeds be used to
construct an office facility; Mr. Lee will form a partnership organized under the
laws of the State of Minnesota (the "Company") to undertake the project; and
(c) Before proceeding with consideration of the request of the Company
and the revised project it is necessary for the City to hold a public hearing on
the proposal pursuant to Section 474.01, Subdivision 7b, Minnesota Statutes; and
(d) The City Treasurer has arranged for publication of a notice of
public hearing on such proposal in a manner necessary to give sufficient notice
of a public hearing on December 17, 1985.
NOW, THEREFORE BE IT RESOLVED by the'City"Council of the City of Mendota
Heights, Minnesota that the actions of the City Treasurer and City Clerk causing
notice of the hearing to be given one publication in the official newspaper and
also in a newspaper of general circulation available in the City, not less than
15 days nor more than 30 days prior to the date fixed for the hearing is hereby
ratified. A form of the notice is attached hereto.
Adopted by the City Council of the City of Mendota Heights this 3rd day of
December, 1985.
City Council
City of Mendota Heights
By /00421-2L
Robert G. Lockwood, Mayor
ATTEST:
thleen M. Swanson, City Clerk
NOTICE OF PUBLIC HEARING
ON A PROPOSAL FOR AN INDUSTRIAL
FACILITIES DEVELOPMENT PROJECT
Notice is hereby given that the City Council of the
City of Mendota Heights, Minnesota will meet at City Hall,
750 South Plaza Drive, Mendota Heights at 7:30 o'clock p.m.
on December 17, 1985, to consider the proposal of a Minnesota
partnership to be formed by Larry Lee (the "Company") that
the City assist in financing a project consisting of the
acquisition of land legally described as the SE 4 of Section
27, Township 28N, Range 23, Dakota County, Minnesota and
construction thereon of an approximately 45,000 sq. ft.
office building by the issuance of industrial development
revenue bonds.
The maximum aggregate estimated principal amount of
bonds or other obligations to be issued to finance this project
is $3,500,000. The project will be initially owned by the
Company and leased to various tenants.
The bonds or other obligations if and when issued will
not constitute a charge, lien or encumbrance upon any property
of the City except the project and such bonds or obligations
will not be a charge against the City's general credit or taxing
powers but will be payable from sums to be paid pursuant to
a revenue agreement.
Information regarding the project is available for
public inspection from 8:00 o'clock a.m. to 4:30 o'clock p.m.,
Monday through Friday, at the Office of the City Clerk.
At the time and place fixed for the Public Hearing,
the City Council will give all persons who appear at the hearing
or submit written comments an opportunity to express their
views with respect to the proposal.
Dated this 25th day of November, 1985.
(BY ORDER OF THE CITY COUNCIL)
By /s/ Kathleen Swanson
City Clerk