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<br />~ <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />Council Minutes <br />December 27, 1983 <br /> <br />There were no other persons to speak to the issue. <br /> <br />Motion by Schmidt, seconded by Benke to close the public <br />hearing. <br /> <br />4 Ayes - 0 Nayes, Motion Carried <br /> <br />Motion by Janecek, seconded by Schmidt to waive the reading <br />and adopt A RESOLUTION GIVING PRELIMINARY APPROVAL TO A <br />PROJECT UNDER THE MINNESOTA MUNICIPAL INDUSTRIAL DEVELOPMENT <br />ACT. AUTHORIZING SUBMISSION OF AN APPLICATION TO THE <br />MINNESOTA ENERGY AND ECONOMIC DEVELOPMENT AUTHORITY FOR <br />APPROVAL THEREOF AND AUTHORIZING PREPARATION OF NECESSARY <br />DOCUMENTS IN CONNECTION WITH THE PROJECT and to waive the <br />reading and adopt A RESOLUTION OF THE CITY OF NEW BRIGHTON, <br />MINNESOTA AUTHORIZING A PROJECT OF MICOM CORPORATIONUN~ER <br />THE MINNESOTA MUNICIPAL INDUSTRIAL DEVELOPMENT ACT AND THE <br />SALE AND ISSUANCE OF AN INDUSTRIAL DEVELOPMENT REVENUE <br />NOTE TO FINANCE THE PROJECT SECURED BY AN ASSIGNMENT OF <br />REVENUE UNDER A LOAN AGREEMENT AND MORTGAGE ON THE PROJECT <br />AND AUTHORIZING THE EXECUTION OF DOCUMENTS, contingent on <br />approval of the Project by the Commissioner of the Depart- <br />ment of Energy & Economic Development, <br /> <br />4 Ayes - 0 Nayes, Motion Carried <br /> <br />Director of Community Development reviewed the staff report <br />regarding the Application for Industrial Revenue Bond <br />Financing. <br /> <br />Bond Counsel, James Casserly, made a statement regarding <br />the hearing. <br /> <br />Mr. Rick Martens, Vice Presdient of Winfield Development, <br />was present to discuss the requested application for final <br />approval for Industrial Revenue Bond Financing. Mr. <br />Martens indicated that if all goes well, they would hope <br />to be under construction with Phase II in the summer of 1984. <br /> <br />There were no other persons to speak to the issue. <br /> <br />Motion by Blomquist, seconded by Janecek to close the public <br />hearing. <br /> <br />4 Ayes - 0 Nayes, Motion Carried <br /> <br />Page Two <br /> <br />Resolution #83-142 <br /> <br />Resolution #83-143 <br /> <br />New Brighton <br />Venture II/Winfield <br />Development <br />Report #83-338 <br />