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81-2521
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81-2521
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8/16/2005 12:40:00 PM
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8/15/2005 10:25:34 AM
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<br />f <br /> <br />~!", <br /> <br />.~ <br />.; <br /> <br />, <br /> <br />Member Blomquist introduced the following reso- <br />lution and moved its adoption: . <br /> <br />RESOLUTION NO. 2521 <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 the Cimarron Partnership, a <br />Minnesota limited partnership (the "Company") has presented <br />the City Council (the "Council") of the City of New Brigh- <br />ton, Minnesota (the "City"), with information concerning a <br />proposed project within the City: and <br /> <br />WHEREAS, a representative of the Company has requested <br />that the City resolve to issue commercial development reve- <br />nue bonds or notes or a commercial development revenue note <br />and has presented to this Council a form of preliminary <br />~esolution concerning such issuance with a request that such <br />,Jreliminary resolution, attached hereto as Exhibit A, be <br />considered for adoption at the next regular meeting of this <br />Councilor at a special meeting of this 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 descr ibed in the Notice of Public Hear ing attached <br />hereto as Exhibit B (the "Notice"). <br /> <br />2. The Clerk-Treasurer of the City is hereby au tho- <br />rized to cause the Notice or a :"otice in substar,tially 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 hearing in the official <br />newspaper and a newspaper of general circulation of the <br />City. <br /> <br />3. The Clerk-Treasurer of the City is hereby autho- <br />rized to make a draft copy of the proposed application to <br />the Commi S5 ioner of Secur it i es of the Sta te of Minnesota, <br />which would be submitted in connection wi.th this proposed <br />project, available for public inspection at the City Hall <br />during regular office hours following the publication of the <br />Notice. <br /> <br />- 2 - <br /> <br />Ii <br />
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