HomeMy WebLinkAbout84-070 CERTIFICATION OF MINUTES RELATING TO
INDUSTRIAL DEVELOPMENT
REVENUE BONDS
Issuer: City of Lakeville, Minnesota
Governing Body: City Council
\ Kind, date, time and place of meeting: A regular meeting, held
on May 21, 1984, at 7:00 0' clock P .M. , at the City Hall .
Members. present : Zaun, Sindt, .Enright, Harvey
Members absent.: Nelson
Documents Attached:
Minutes of said meeting (pages):
RESOLUTION NO. 84-70
RESOLUTION RELATING TO A PROJECT UNDER THE .MUNICIPAL
INDUSTRIAL .DEVELOPMENT ACT; CALLING FOR
A PUBLIC HEARING THEREON
I, the undersigned, being the duly qualified and
acting recording officer of the public corporation issuing the
obligations referred to in the title of this certificate,
certify that the documents attached hereto,~as described above,
have been carefully compared with the original .records of the
corporation in my legal custody, from which they have been
transcribed; that the documents are a correct and complete
transcript of the minutes of a meeting of the governing body of
° the corporation, and correct and complete copies of all
resolutions and other actions taken and of ail documents
approved by the governing body at the meeting, insofar as they
relate to the obligations; and that the meeting was duly held
by the governing body at the time and place and was attended
throughout by the members indicated above, pursuant to call and
notice of such meeting given as required by law.
WITNESS my hand officially as such recording officer
and the seal of the .City this 21st day. of ay, 1984.
: ~ ~ ~
Signature.
• (SEAL) Patrick McGarvey, City Clerk-Administrator
Name: and Title
Councilmember Enright introduced the following
resolution and moved its adoption:
RESOLUTION NO . 84-7 0
RESOLUTION RELATING TO A PROJECT UNDER THE
MUNLCIPAL INDUSTRIAL DEVELOPMENT ACT; CALLING FOR
A PUBLIC .HEARING THEREON
BE IT RESOLVED by the City Council of the City of
Lakeville, Minnesota {the Municipality), as-follows:
SECTION 1
Recitals
1.1. RJTP Company, a Minnesota general partnership
(the Borrower), has. advised this Council of its desire
to construct and equip an approximately 100,000 square foot
addition to an existing manufacturing facility (the Project) to
be leased by .the Borrower to .Star-Tex Corporation, a Minnesota
corporation, for use as additional manufacturing and storage
area. The Project will be located at 8235 West 220th Street in
the Municipality.
1.2. The Municipality ~is authorized by Minnesota Statutes,
Chapter 474 (the Act), to issue its revenue bonds to finance
capi al projects consisting of properties used and useful in
connection with a revenue-producing enterprise. The Borrower
has requested the Municipality issue its revenue bonds in an
aggregate total amount not to exceed $2,500,000 (the Bonds) 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 Development Authority requesting approval of the
Project as required 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
June 18., 1984, at 7 o'clock P.M., at the City Hall.
2.2. The City Clerk-Administrator shall cause notice of the
public hearing to be published in the Dakota County Tribune,
the official newspaper of the Municipality and in the
Minneapolis Star and Tribune, a newspaper of general
circulation in the Municipality, 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:
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2.3. A draft copy of the proposed Application to the Minnesota.
Energy and Economic Development Authority, together with draft
copies of all attachments and exhibits thereto, are hereby
ordered placed on file with the City Clerk-Administrator 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 21st day -of May, 19
,
Ma~'
f
Attest:
City Clerk-Administra r
(SEAL)
.The motion for the adoption of the foregoing
resolution was duly seconded by Counci lme:~:.,er sindt
and upon vote being taken thereon., the
following voted. in favor thereof : Sindt, Enright, Harvey, zaun
and the following voted against the same: None
° whereupon the resolution was declared duly. passed and adopted.
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