HomeMy WebLinkAbout82-015, r
CERTIFICATION OF MINUTES RELATING'TO
INDUSTRIAL DEVELOPMENT REVENUE V
BONDS
Issuer: City of Prior Lake, Minnesota (`
Governing Body: City Council
Rind, date, time and place of meeting:, A'regular'meeting,
held on August 23, °1982, at 7:30 o'clock P.M.,, at the City
Hall.
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Members present; Mayor Stock, Councilmen Busse, Watkins, Thorke l son, $
Schweich c
Councilman Schweich excused himself from this item.:
Members absent:
Documents Attached:„
Minute's of said (pages):
MINUTES OF "PUBLIC HEARING ON
PROI>OSED� PROJECT '
}Y
as
RESOLUTION NO.` 82 - 15
RESOLUTION DETERM
INING TO PROCEED WITH
A PROJECT AND ITS FINANCING" UNDER THE '
MUNICIPAL INDUSTRIAL DEVELOPMENT ACT
REPERRLNG THE *PROPOSAi�? TO THE COMMIS-
�j SI.ONER OF MINNESOTA DEPARTIrIENT OF
ENERGY }, PLANNING AND DEVELOPMENT FOR
APPROVALt AND AUTSORI2SING PREPARATION
Old NECES " 'DOCI7MENTS '
ac>ki I, the undersigned, being the duly ualif16d and
o ' ecor' n
g " di 9 officer of the public co�rpor� ion issuing <> '
th�i
obi gations referred 'to in the title of this
certificate, certify that." the documents attached hereto,"
as descr`ibed1, above, have:, been carefully compared with ' the
original records of said' corporation in my legal custody,
from which they have been transcribed= that said documents
raze a correct.hnd complete transcript of the minutes of a.
1+oeeting' of the 'governing body of said corporation, _ and
cor =ed. aid complete copies of all resolutions and "oiher
actions taken and of all documents approved by the`
«governing. body at ,said' meeting, so far as they relate to
said,,6bligatlor�p 4nd <that. said meeting was duly held by
the " governing body at the time;ar,d place and was at "
throughout by the members indicated above, pursuant to f "J.
call and rotice heeling given as required by law.
137
WITNESS.my hand officially as" recording
officex; this day, of August, 1982.; i
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ig nature
u Michael Mcaulire. Ci�>rw. Manager
(SEAL) Name and Titl
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The Mayor stated tha.� the time and place faxed by
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Resolution Mo. 8 2 - J3 of this C uncil, adopted on July 2:6
1982, for a public hearing on the proposal that the Ci ty
ty
undertake and finance a Project on behalf of Pricier
Investments, a Minnesota gener partnership (the
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Borrower) pursuant to Minnesota Statutes, Chapter 474, was
August 16, 1982. "Said public haring was continued from
the meeting on that date to August 23, 1982. The City
Manager presented affidavits shawin g publication of the' .
notice t public hearing at least once not less than'15
nor more than 30 days prior to the date fixed for the
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public hearing, in the Prior Lake American =being the
yr Star
° official newspaper of the City and 'in the Minneariolis
and Tribune, being a`, newspaper of ,general, circulation
`'throughout the City. 'The affidavits were examined, found
to be satisfactory and ordered placed on file with the
City Manager.
The Mayor , then opened the meeting for the
co ntinua s
tier, of the public hearing do the proposal to
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undertake a nd finance the Projectn, on behalf. 'of the
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Borrower., The purpose of the hearing was explained, the,
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a nature of the Praject< and of the proposed revenue bonds
were discussed, the draft co „
py of the,Application to the
Commissioner of Minnesota °•Department of Energy, Planning "
and Development with all "chments and exhibits -were
available, and all persons present who desired to do so
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RESOLUTION NO. 82 -15
RESOLUTION DETERMINING'TO PROCEED WITH A PROJECT
AND ITS FINANCING UNDER THE MUNICIPAL INDUSTRIAL
DEVELOPMENT ACT; REFERRING THE PROPOSAL TO THE
COMMISSIONER OF THE MINNESOTA DEPARTMENT
OF ENERGY, PLANNING AND DEVELOPMENT FOR
APE RGVIAL;; AND AUTHORIZING PREPARATION
"CiF NECESSARY DOCUMENTS
-:
BE IT RESOLVE by the City Council of the City of
'Lake,
Prior Minnesota "(the municipality), as follows:
SECTION 1
Recitals and Findings
1.1. This Council has received & proposal that the
Municipality finance a portion or all of the cost of a
proposed project under Minnesota Statutes, Chapter 474
(th'e Act), consisting of the acquisition of land and the
construction and equipping thereon of °an approximately
17,640 square foot banking and commercial building (the
Project) by Prior Investments, a Minnesota;partnershp'
(the_ Borrower), to be leased by 'the Borrower to First
National`Bank of Prior Lake and various other commercial
tenants.
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1.2. At a .public hearing, ftly noticed. aril held on
August 16, 19 82 and- August 23, 1962, in accordance with
the Act, on the proposal to under`.take and finance tt�e
Project, all parties who appeared at the he were
given an opportunity to express their views with respect
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to the proposal to undertake and finance the Project.
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Based on the "public hearing and such other facts zn4l
circumstances as this Council deems relevant, this CunciI
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hereby finds, determines and declares as follows--i_
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(a)° The welfare of the State of Minnesota
:ir.equ res active'promotion, attragtion, encouragement.land
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development of ecohomically sound industry and commerce,
through governmental acts, to prevent, so far as possible,
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efer:gence of blighted lands and areas of chronic
, b"
unemployment, and the ,State of Minnesota has encouraged
local government units to act to
prevent .,such, economic=
-'
deterioration., I` -
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(b) The Project would further the,, gene ral
,purposes contemplated4and described in Section 474.01 of
the Act.
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were afforded an opportuni to `express their views= with
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respect', to the proposal to undertake and finance the
Proje in'?resporse to which the following persons
appeared, were recognized and made statements,,simairies:;
of which appear opposite their respective timlesa
Name of Speaker summary of Views
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«r After a.11 persons who wished to do so had. stated,
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th vi *we Qn the proiosal the klar declared the pub
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r 1ft+ r oee discns;1on, �mo1iion for the, following.
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