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<br /> I ~ -,- fllllllll <br /> I <br /> ~ . ' . I <br /> <' I ~ <br /> .... "" <br /> .1 . . - .' : r- <br /> I <br /> ~. . <br /> .,~; RESOLUTION NO.2l68 <br /> I ....'. <br /> . . STATE OF MINNESOTA . <br /> .... <br /> COUNTY OF RM1SEY , . <br /> I ~.c <br /> CITY OF NEW BRIGHTON " <br /> . <br /> RESOLUTION ESTABLISHING INDUSTRIAL/COMHERCIAL DEVELOpr.mNT <br /> IREVENUE BOND AND TAX-EXEMPT MORTGAGE FINANCING POLICIES <br /> ., <br /> 11 <br /> r WHEREAS the Legislature for the State of Minnesota has in <br /> Chapter 474 of Minnesota Laws, aufuorized municipalities to issue <br /> Industrial/commercial Development Revenue Bonds, and <br /> I vJlIEREAS the Legisla b.1re has stated that the intent of the <br /> Municipal Industrial Development Act is to promote, attract, <br /> and encourage economically sound industrial and commercial I <br /> development in order to: I <br /> l. Discourage emergence of blight and marginal lands; <br /> 2. Preven t or alleviate chronic unemployment; I <br /> , <br /> 3. Preserve community and state investments in educational i <br /> i <br /> and public service facilities, and I <br /> i 4. Encourage more intensive development and use of land <br /> I I <br /> I <br /> ! to provide an adequare tax base to finance the costs <br /> I of public services, and <br /> II \'JHEREAS the City Council for New Brighton wishes to preserve { <br /> I and expand the quality of commercial and industrial development <br /> I and their associated benefits in the City, and the City is aware <br /> that Industrial/Commercial Revenue Bond financing may be <br /> I beneficial to the City when used for certain purposes. <br /> I <br /> , <br /> I NOVl THEREFORE BE IT RESOLVED by the City Council of the City <br /> I of New Brighton, Minnesota, That the following guidelines be <br /> utilized when considering a request for issuance of Municipal <br /> Industrial Development Bonds. <br /> l. The industrial/commercial development project shall <br /> be consistent with the City's Comprehensive Development <br /> Plan and other existing codes. <br /> 2. Primary consideration shall be given to the Highway 8 <br /> corridor area and other areas where di fficul t soil or oth <br /> I conditions exist. i <br /> I 3. Special consideration shall be given to the Downtown I <br /> I <br /> I Business District. <br /> I 4. The business shall be of a natllY.'e that the City would <br /> wish to attract, or an existing business the City would ! <br /> desire to have expand within the City. Desirability I <br /> shall be measured in terms of: <br /> I <br /> I <br /> I <br /> I! <br /> I ,J.J;,~. <br /> . <br />