HomeMy WebLinkAbout82-0041
` 'RESOLUTION CALLING FORA PUBLIC HEARING
ON A'PROPOSAL FOR A COMMERCIAL
FACILITIES'�DEVELOPMENT PROJECT
PURSUANT TO THE MINNESOTA MUNICIPAL
INDUSTRIAL DEVELOPMENV`ACT AUTHORIZING'
} P, THE PUBLICATION OF A NOTICE -OF SAID HEARING
,
' RESOLUTION 82--4 = �
WHEREAP , "
(a) Chapter 474, Minnesota Statutes, }
known .as'the Minnesota Municipal Industrial
r
Development`Act (the "Act") gives muni
cipalities the power to issue revenue bonds
for the purpose of ibe encouragement and' '
development of economically.sound industry
°arid dOmmerce to prevent soofar as possible
the emergence of blighted and marginal lands
and areas of chronic unemployment;
"
(bY The City Council, Of'Ahe City,,of
Prior Lake' ( the "City ") has,, received, from,,, 1
Kinder =Care Learning; Centers, Inc., 'a
corporation organised under the laws of the 4
V State of ,Delaware ('the, "Company") a rproposal
0 -that the City, assist , financing a, pro s'
i
° hereinafter- described, , through .the issuanct
of its industrial revenue" bonds (which ,may be
it the form ebt '
t, of a single A ri nstrument) (the
"Bonds ") pursuant to. the Act; a
a G
" (c) ° `Before proceeding, with consider - G
anon of the `request ot the Company ,,it' a
necessary for the City,to' hold a public
hearing on the proposal pursuant to Section
474.01, Subdivision 7b; Minnesota Statutes;
r ,NOW, THEREFORE, BE IT ;RESOLVED by the City Council of
the C1tty of Prior. Lake, ° Minnesota; as : foll'ow ;
1. APublic Hearing on said proposal of the Company
will he held at a the time and place set „ forth in the''Notice of
Hearing hereto attached.
n 1
a
: e
U _
11
2. The general nature of the proposal and
esiimaire of toe „principal' amount of bonds to be issued to
finance the proposal are described ,in the form of Notice of
;
.,
Hearing hereto attached. U A
i
3. The Notice of said Public Hearing shall' be,. in ',
u
substantially the form contained in the Notice hereto attached.
_
ji _
a
4. A draft copy of the proposed application.to the
Commissioner of Energy, Planning and Development, ,;State of
Minnesota, for approval of the project, together with proposed
f
forms of all attachments and exhibits thereto, is on file in
the office of the City Manager.
S. The City Manager is hereby authorized and
directed to cause notice of said hearing o be
g given one
�
publication in the official newspaper and a newspaper of
I
eneral circulation available in,,the.City, not less than 15
days nor more than 30 days prior to' the date fixed for said }
`'
hearing, as shown in- notice of, hearing hereto attached.
°i
Adopted by the City Council of th4 City of Prior`.
Lake, 'Minnesota, this 1st day of March 1982. a
b
a
' 3
Ct
or
ATTLST•
4 . ..
#..
CA;ty Manages
n
0 ,
x
J
k
I
ypp
{