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<br />~._-.i ~.~ I.-""~i UJ.. oi-';:IU 'con <br />November 24, 1981 <br /> <br />I <br /> <br />the dollar amount requested from $1,800,000 <br />to $l,980,000 due to the need to capitalize <br />interest during the construction period. <br /> <br />Mr. Jim Casserly, representing O'Connor and <br />Hannon and bond COunsel for the City stated <br />that the amendment to the dollar amount was <br />appropriate and that the preliminary resolution <br />would be amended if the Council approved. <br /> <br />No one else present at the public hearing <br />spoke to the issue. <br /> <br />Motion by Schmidt, seconded by Benke to <br />close the hearing. <br />4 ayes - 0 nayes - motion carried <br /> <br />Motion by Janecek, seconded by Schmidt to <br />waive the reading and adopt a RESOLUTION <br />GIVING PRELIMINARY APPROVAL TO A PROJECT <br />UNDER THE MUNICIPAL INDUSTRIAL DEVELOPM-ENT <br />ACT, REFERRING THE PROPOSAL TO THE COMMISSIONER <br />OF SECURITIES FOR APPROVAL, AND AUTHORIZING <br />PREPARATION OF NECESSARY DOCUMENTS with the <br />amendment regarding the dollar amount requested <br />being increased from $1,800,000 to $1,980,000. <br />4 ayes - 0 nayes - motion carried <br /> <br />I ire Bill Thomas, representing BTO corporation <br />was present. Mr. Thomas reviewed the propOsed <br />development of a 130,000 square foot office/ <br />warehouse develop:rpent at County Road "D" and <br />1-3SW. Mr. Thomas explained that there <br />idea was to creat development that would be <br />suitable for both the small and larger commercial/ <br />industrial user. Mr. Thomas also stated that <br />there proposal was to also build a high quality <br />building, somewhat above other similar office/ <br />warehouse projects in terms of quality design, <br />landscaping and materials. <br /> <br />Mr. Orv Kraus. 1252 12th Avenue NW, asked <br />what the status of a project was in terms of <br />proposed construction. <br /> <br />Mr. Thomas replied that they are looking at <br />a spring construction if all design, financial <br />and deve1opmeot issues can be resolved. <br /> <br />."otion by Sdmidt, seconded by Janecek to <br />lontinue the hearing on consideration of <br />,; tablishing :4 municipal development district <br />,itil 8: 00 p.D. on December 22, 1981 and <br />') indicate concept approval regarding the <br />'-J.,:'eation of the development district. <br />4 ayes - 0 nares - motion carried <br /> <br />-3- <br /> <br />Consideration of <br />Municipal Development <br />District - BTO/Griffis <br />Report No. 81-255 <br />8:04 - 8:14 <br />