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RESOLUTION NO. 7403
RESOLUTION CALLING FOR A PUBLIC HEARING ON A PROPOSAL FOR A COMMERCIAL FACILITIES DEVELOPMENT
PROJECT PURSUANT TO THE MINNESOTA MUNICIPAL INDUSTRIAL DEVEVOPMENT ACT AUTHORIZING THE
PUBLICATION OF A NOTICE OF THE HEARING.
WHEREAS,
(a) Chapter 474, Minnesota Statutes, known as the Minnesota Municipal Industrial Development
Act (the "Act") gives municipalities the power to issue revenue bonds for the purpose of the
encouragement and development of economically sound industry and commerce to prevent so far as
possible the emergence of blighted and marginal lands and areas of chronic unemployment;
(b) The City Council of the City of Stillwater (the "City") has received from a general
partnership to be formed with Robert Meisterling, Richard Powell and Wayne Orn as the general
partners under the laws of the State of Minnesota (the "Company") a proposal that the City assist
in financing a project hereinafter described, through the issuance of its industrial revenue bonds
(which may be in the tone of a single debt instrument) (the "Bonds") pursuant to the Act;
(c) Before proceeding wtth consideration of the request of the Company it is necessary for
the City to hold a public hearing on the proposal pursuant to Section 474.01, Subdivision 7b,
Minnesota Statutes;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Stillwater, Minnesota, as follows:
1. A public hearing on the proposal of the Company will be held at the time and place set
forth in the Notice of Hearing hereto attached.
2. The general nature of the proposal and an estimate of the principal amount of bonds to
be issued to finance the proposal are described in the attached form of Notice of Hearing.
3. A draft copy of the proposed application the Energy and Economic Development Authority,
State of Minnesota, for approval of the project, together with proposed forms of all attachments
and exhibits thereto, is on file in the office of the City Clerk.
4. The City Clerk is hereby authorized and directed to cause notice of the hearing to be
given one publication in the official newspaper and a newspaper of general circulation available
in the City, not less than 15 years nor more than 30 days prior to the date fixed for the hearing,
substantially in the form of the attached Notice of Public Hearing.
Adopted by the City Council of the City of Stillwater, Minnesota,
this 9th day of October, 1984.
Published: October 22, 1984
Att
RESOLUTION NO. 7404
/j4AMa/ —
RESOLUTION DIRECTING THE PAYMENT OF BILLS.
RESOLVED, by the City Council of the City of Stillwater, Minnesota that the following bills
are hereby audited and approved for payment, and that order -checks be issued for the payment
thereof:
Action Rentals Concrete
American Linen Supply Linen Service
Arrow Building Center Treated Timbers
A T & T Information Systems Services
Board of Water Commissioners Hydrants
Brad Ragan, Inc. Tires
Bryan Rock Products Rock and Sand
CATCO Parts Service Hydraulic Fittings
Century Power Equipment Company Clutch Cable
Chapin Publishing Company Bis N219
Croix 0i1 Company Anti Freeze
Croixside Pfess Stationery & Posters
Crown Auto Repair Front End
Del's Lawn & Log Rewind Srping
Earl F. Anderson & Associates Signs
40/ Fire Engineering Subscription
(continued on page 228)
j 483.35
11.70
905.79
853.14
2,106.63
608.88
510.85
119.64
11.30
139.86
328.00
251.55
19.00
8.00
64.53
14.95
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