HomeMy WebLinkAbout84-071 r
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, :19$4, at 7:~0 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. 84-71
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,
cer-tify 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 minuted of a meeting of the governing body of
the corporation, and correct and complete copies of all
° resolutions and other actions taken and of all documents
approved by the governing .body at the meeting, insaf ar 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 off'cer
and the seal of the City this 21st day of Ma 1 4.
S
Signature
(SEAL) Patrick McGarvey,
_ City Clerk-Administrator
. Name and Title
Councilmember sindt introduced the following
resolution and moved .its adoption: .
RESOLUTION N0. 84-71
RESOLUTION RELATING TO A PROJECT UNDER THE
MUNICIPAL INDUSTRIAL DEVELOPMENT ACT; CALLING FOR
A PUBLLC HEARING THEREON
BE IT RESOLVED by the City Council of the City of
Lakevi le, Minnesota (the Municipality), as follows:
SECTION 1
.Recitals
1.1, Star-Tex Corporaton,a Minnesota corporation (the
Borrower), has advised this Council of its desire to construct
and equip an approximately 5;,000 square foot portion within its
.existing manufacturing facility for use as additional office
space and-the acquisition of other equipment for .its existing
manufacturing facility (the Project). 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
capital 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 $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 Bands is hereby called and shall be held on
June 18,1984, at _ 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 publi hed 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:D0 A.M.
and 4.:30 P.M., Monday.through Friday.
Adopted this 7th day of May, 19
f;
~ Mayo
Attest:
City Clerk-Administrat r
(SEAL)
The motion for-the adoption of the foregoing
resolution was duly seconded by Councilmember Enright
.and upon vote being taken thereon, the
following voted in favor thereof : Enright, Harvey, Zaun, Sindt
and the following voted against the same: None
P
whereupon the resolution was declared duly passed and adopted.
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