HomeMy WebLinkAboutResolution - 85-227 - Establish Date for Public Hearing - Eden Square Shopping Center MIDB's - 10/15/1985 C;I'1'Y Ur' t;DLiv i�ttAlltlil
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Iti:SOLU i'ION EST,,'WLIS1ifNG TrIE DATE FOR A
PU3WC HE'AjUNG ON A, PROPOSAL TO UNOER'1.'Al,�l:
AND FINANCE ri PHOJEC T UNi)ER MIIvNESOTA
S'I A I'L1I'ES, (,HAP`I'ER 474
WHEREAS, the ,'vlinnesota ;Municipal Industrial f)evelopinent Act, Minnesota
Statutes, Sections 474.01 et sue. (the "Act"), authorizes the issuance of revenue
bonds to finance projects; and
WHEREAS, the term "project" is defined by Section 474.02, subdivision la,
of the Act to include "any properties, real or personal, used or useful in connection
with a revenue producing enterprise"; and
Wiir.'itL;,,�s, Z . Partnership, a Minnesota general
partnership to be forined in which Robert .vi. Larsen will be a general partner (the
"Dev elope rtl), has presented this City council (the "City Council") of the City of
Eden Prairie (the "city") with inforination concerning a proposed shopping center
(the "Project") tc ae acquired and constructed within the City; and
WHEREAS, the Developer has requested that the City resolve to issue
revenue bonds pin-suant to the Act to finance the Project and have presented to the
s City Council an Application for Industrial Development or Housing Bond Financing,
including it form of preliminary resolution concerning such issuance with a request
that such preliminary resolution, attached hereto as Exhibit A, be considered for
adopti-)n by the City Council; and
WHEREAS, Section 474.01, subdivision 7b of the Act provides that the City
Council must conduct a public hearing on any proposal to undertake and finance a
project; and
MILREAS, Section 474.01, subdivision 7b, of the Act provides that notice of
the time and place of such public hearing, stating the general nature of the project,
and an estimate of the principal amount of the bonds or other obligations to be
issued to finance the project, must be published at least once not less than fifteen
(la) days nor more than thirty (30) days prior to the date fixed for- the public
hearing in the official newspaper of the City and a newspaper of general
circulation in the City; and
WHl'REAS, Section 474.01, subdivision 7b, of the Act provides that the
notice must state that a draft copy of the proposed applications (the
"Applications") to the Minnesota Department of Energy and Economic Development
for approval of the Projects, together with all attachments and exhibits, are on file
with the City and available for public inspection; and
WHEREAS, the Developer has presented to the City a form of public notice,
attached hereto as Exhibit S, with a request that the City Council establish a date
for a public hearing on the proposal to undertake and finance the Project and
v authorize publication of the form of public notice provided by the Developer;
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NOW, 'I'litIRLFORE, BE IT 1tESOLVED i3Y THE OITY COUI.4CIL OF THE
CITY OF EDFN PRAIhIE THAT:
i. 'i'he City will conduct a public hearing on the proposal to undertake
and finance the Project on the _`'r7, day of
2. It is the present intention of the City Council to adopt the
preliminary resolution in the fgrm attached hereto as Exhibit A after completion of
the public hearing on j/;� / _, 1985.
3. 'I'he City Clerk of the City is hereby authorized to cause a public
notice, substantially in the form of the notice attached hereto as Exhibit B, to be
published in the official newspaper of the City and a newspaper of general
circulation in the City once, not less than 15 days prior to the date set for such
public hearing.
4. The City Clerk of the City is hereby authorized and directed to have
available for public inspection in the offices of the City draft copies of the
proposed Application, together with all attachments and exhibits thereto.
Adopted this l" day of . ._ , 1985.
--r, Gary Peterson
Mayor
Attest:
in 1~rane
City Clerk
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