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Council Proceedings <br />City of New Brigh trn <br />May 8, 1979 <br />Mike Galvir Jr. of Briggs and Morgan representing TAX EXEMPT <br />Wolkerstorfer was present to answer questions and MORTGAGE <br />presented a letter regarding financial data relevant 79-383 <br />to the Wolkerstorfer application. <br />Mayor Senden, with consent of the Council received the letter <br />into the record. <br />After a lengthy discussion, there was a motion by RESOLUTION <br />Werdouschegg, seconded by Blomquist, to adopt a NO. 2202 <br />resolution entitled a RESOLUTION GIVING PRELIMINARY <br />APPROVAL TO A PROPOSED INDUSTRIAL DEVELOPMENT PROJECT <br />BY WOLKERSTORFER COMPANY, INC. UNDER THE MUNICIPAL <br />INDUSTRIAL DEVELOPMENT ACT, AUTHORIZING SUBMISSION OF <br />AN APPLICATION TO THE COMMISSIONER OF SECURITIES FOR <br />APPROVAL THEREOF AND AUTHORIZING THE PREPARATION OF. <br />DOCUMENTS AND MATERIALS IN CONNECTION WITH THE PROJECT. <br />(in the amount of $1,700,000 to be used for land and bldgs) <br />5 ayes - 0 nayes - carried <br />No action was taken regarding the !1,000,000 note for equipment. <br />Motion by Werdouschegg, seconded by Benke to authorize a partial <br />building permit for footings subject to receipt of an irrevocable <br />letter of credit in the amount of $50,000 to cover the costs <br />associated with restoration. <br />Motion by Senden, seconded by Werdouschegg to amend the motion to <br />state that the reasons for granting special consideration to <br />Wolkerstorfer were: 1) ground has been previously broken on the <br />site, and 2) the Wolkerstorfer ro. is beirr* displaced by another <br />governmental unit. 4 ayes - 1 naye(Blomquist) - carried <br />Vote on Motion as amended 5 ayes - 0 nayes - carried <br />Tom Lohmann from Dain, Kalman and Quad was present TAX EXEMPT MORT. <br />representing the applicant 79-384 <br />Daryl Scarp, applicant, gave a brief description of the type <br />of manufacturing proposed for the site. <br />After a lengthy discussion there was a Motion by RESOLUTION <br />Blomquist, seconded by Werdouschegg, to adopt a NO. 2203 <br />resolution entitled, RESOLUTION GIVING PRELIMINARY <br />APPROVAL TO A PROPOSED-INDUSTRIAL, DEVELOPMENT PROJECT BY _._ <br />S-H REALTY UNDER THE MUNICIPAL INDUSTRIAL DEVELOPMENT <br />ACT, AUTHORIZING SUBMISSION OF AN APPLICATION-TO THE- <br />COMMISSIONER OF SECURITIES FOR APPROVAL THEREOF AND AUTHORIZING <br />THE PREPARATION OF DOCUMENTS AND MATERIALS IN CONNECTION <br />WITH THE PROJECT. (in the amount of $900,000 to be used <br />for land and buildings) <br />5 ayes - 0- nayes - carried <br /> <br />