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84-004
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84-004
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8/15/2005 5:41:11 AM
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8/11/2005 10:53:44 AM
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<br />... <br /> <br />Member Benke introduced the following reso- <br />lution and moved its adoption: <br /> <br />RESOLUTION CALLING FOR A PUBLIC <br />HEARING ON A PROPOSAL TO UNDERTAKE AND <br />FINANCE A COMMERCIAL DEVELOPMENT PROJECT <br /> <br />WHEREAS, a representative of Daniel T. Santarsiero, (the <br />"Borrower") has presented the City Council (the "Council") <br />of the Ci ty of New Br ighton, Minnesota (the "Ci ty" ), wi th <br />information concerning a proposed project within the City; <br />and <br /> <br />WHEREAS, a representative of the Borrower has requested <br />that the City resolve to issue commercial development reve- <br />nue bonds or notes and has presented to this Council a form <br />of preliminary resolution concerning such issuance wi th a <br />request that such preliminary resolution, attached hereto as <br />Exhibi t A, be considered for adoption at the next regular <br />meeting of this Councilor at a special meeting of this <br />Council; <br /> <br />BE IT RESOLVED THAT: <br /> <br />1. This Council will conduct a public hearing on the <br />proposal to undertake and finance the commercial development <br />project described in the Notice of Public Hearing attached <br />hereto as Exhibit B (the "Notice"). <br /> <br />2. The Clerk-Treasurer of the City is hereby autho- <br />rized to cause the Notice or a notice in substantially the <br />same form as the Notice to be published not more than thirty <br />(30) nor less than fifteen (15) days before the date fixed <br />in the Notice as the ,date of the hear ing in the official <br />newspaper and a newspaper of general circulation of the <br />City. <br /> <br />3. The Clerk-Treasurer of the Ci ty is hereby autho- <br />r ized to make a draft copy of the proposed application to <br />the Minnesota Energy and Economic Development Author i ty, <br />which would be submi t ted in connection wi th this proposed <br />project, available for public inspection at the Ci ty Hall <br />during regular office hours following the publication of the <br />Notice. <br /> <br />- 2 - <br />
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