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90-041
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90-041
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<br />: <br /> <br />EXHIBIT A <br /> <br />NOTICE OF PUBLIC HEARING ON A PROPOSED <br />PROJECT TO BE FINANCED WITH REVENUE BONDS <br />OF THE CITY OF NEW BRIGHTON PURSUANT TO <br />MINNESOTA STATUTES, SECTIONS 469.152 TO <br />469.165, AS AMENDED <br /> <br />THE CITY OF NEW BRIGHTON, MINNESOTA <br /> <br />NOTICE IS HEREBY GIVEN that the governing body of the City of New <br />Brighton, Minnesota (the "City"), will meet on June 26, 1990, at 7:30 p.m. at the <br />City offices, 803 Fifth Avenue Northwest, New Brighton, Minnesota for the <br />purpose of conducting a pUblic hearing on a proposal that the City issue its revenue <br />bonds pursuant to Minnesota Statutes, Sections 469.152 to 469.165, as amended, in <br />order to finance the cost of a project. The proposed project will consist of the <br />acquisition and construction of an approximately 105,000 square foot precision <br />machinery manufacturing facility located at the southwest corner of the <br />intersection of County Road E and Old Highway 8 in the City. The proposed <br />project will be owned and operated by Remmele Engineering Inc., a Minnesota <br />corporation. The total amount of the proposed issue is presently estimated not to <br />exceed $4,500,000. The bonds shall be a limited obligation of the City and the <br />bonds and interest thereon shall be payable solely from the revenues pledged to the <br />payment thereof, except that such bonds may be secured by a mortgage or other <br />encumbrance on the project. No holder of any such bond shall ever have the right <br />to compel any exercise of the taxing power of the City to pay the bonds, or the <br />interest thereon, nor to enforce payment against any property of the City except <br />the project. <br /> <br />A draft copy of the proposed application to the Minnesota Department of <br />Trade and Economic Development for approval of the project, together with all <br />attachments and exhibits thereto, is available for public inspection at the City <br />offices. <br /> <br />All persons interested may appear and be heard at the time and place set <br />forth above. <br /> <br />Dated: May 30, 1990 <br /> <br />BY ORDER OF THE CITY COUNCIL <br />OF THE CITY OF NEW BRIGHTON <br /> <br />By ~it!12~S;~ <br />
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