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Home My WebLink About7031 (Res.)1438 v s RESOLUTION NO. 7031 RESOLUTION GIVING PRELIMINARY APPROVAL TO A PROPOSED INDUSTRIAL DEVELOPMENT ✓"- PROJECT BY NELSON JONNES UNDER THE MUNICIPAL INDUSTRIAL DEVELOPMENT ACT AND AUTHORIZING SUBMISSION OF AN APPLICATION TO THE COMMISSIONER OF SECURITIES FOR APPROVAL THEREOF. BE IT RESOLVED by the City Council of the City of Stillwater, Minnesota, as follows: 1. There has been presented to this Council a proposal by Nelson Jonnes, an individual doing business as American Polywater Company (the "Borrower") that the City undertake and finance a project pursuant to the Minnesota Municipal Industrial Development Act, Minnesota Statutes, Chapter 474 (the "Act") generally consisting of the acquisition, construction, and equipping of a production warehouse and related office facilities to be leased to American Polywater Company (the "Project"). Under the proposal, the Project facilities will be owned by the Borrower, and the Borrower will enter into a revenue agreement with the City upon such terms and conditions as are necessary to produce income and revenues sufficient to pay when due the principal of and the interest on on to approximately $450,000 Industrial Development Revenue Bonds of the City to be issued pursuant to the Act, to provide monies for the acquisi- tion, construction and installation of the Project; and the City will pledge its interest in the revenue agreement to secure the bonds. 2. As required by the Act, this Council conducted a public hearing on Tuesday, January 5, 1982, and Wednesday, January 20, 1982, on the proposal to undertake and finance the Project after publication in the official newspaper and a newspaper of general circulation in the City of a notice setting forth the time and place of hearing; stating the general nature of the Project and an estimate of the principal amount of bonds or other obligations to be issued to finance the Project; stating that a draft copy of the proposed Application to the Commissioner of Securities, together with all attachments and exhibits thereto, is available for public inspection at the office of the City Clerk, in the City Hall, at all times between the hours of 9:00 A. M. and 4:30 P. M. each day except Saturdays, Sundays and holidays to and including the day of hearing; and stating that all parties who appear at the public hearing shall have an opportunity to express their views with respect to the proposal. The draft applica- tion to the Commissioner of Securities, together with all attachments and exhibits thereto, was on file and available for public inspection at the place and times set forth 3. It is hereby found, determined and declared that the Project furthers the purposes stated in Section 474.01 of the Act in that the purpose of the Project is and the effect do thereof will be to promote the public welfare by the attraction, encouragement and development of economically sound industry and commerce so as to prevent, so far as possible, the emergence of blighted and marginal lands and areas of chronic unemployment; the retention and development of industry to use the available resources of the 6I community, in order to retain the benefit of its existing investment in educational and public service facilities; by halting the movement of talented, educated personnel of mature age to other areas and thus preserving the economic and human resources needed as a base for providing governmental services and facilities; and the more intensive development of land available in the area to provide a more adequate tax base to finance the cost of governmental services in the Municipality, county and school district where the Proiect is located. 4. The Borrower has entered into preliminary discussions with the First National Bank of Stillwater as Lender, and the Lender has reported that the Projedt and the 4� sale of bonds therefor are feasible. 5. The Borrower has agreed to pay any and all costs incurred by the City in connection with the Project whether or not the Projedt is approved by the Commissioner of Securities and whether or not the Project is carried to completion. b. The Project is hereby given preliminary approval by the City subject to approval of the Project by the Commissioner of Securities and subject to final approval by this Council and by the purchasers of any bonds to be issued as to the ultimate details of the Project and as to the terms of the bonds. 7. In accordance with Section 474,01, Subd. 7 of the Act, the Mayor, the City Clerk and such other officers and representatives of the City as may from time to time be designated are hereby authorized and directed to submit the proposal for the Project to the Commissioner of Securities and request her approval thereof, and the Mayor, the City Clerk and other officers, employees and agents of the City are hereby authorized to provide the Commissioner with such preliminary information as she may require. The Borrower, Faegre & Benson as bond counsel, the City Clerk, the City Attorney, and other City officials are also authorized to initiate the preparation of a proposed loan agree- ment and such other documents as may be necessary or appropriate to the Project so that, when and if the proposed Project is approved by the Commissioner and this Council gives it final approval thereto, the Project may be carried forward expeditiously. (continued cn page 439) a • • • 439 • • 61 e RESOLUTION NO. 7031 - continued 8. The Borrower is hereby authorizedas to enter into such in his construction own name and not as agent for the City,may be necessary for the of the Project by any means available to him and in the manner he determines without advertisement for bids as may be required for the acquisition or construction of other municipal facilities, but the City shall not be liable on any such contracts. Adopted by the Council this 19th day of January, 1982 Published: January 25, 1982 ATTEST: 04 J ty Clerk PeOhle,44 Mayor ROMINMON NO. 7032 RESOLUTION DIRECTING THE PAYMENT OF BILLS. RESOLVED, by the City Council of the City of Still' ater, Minnesota that the following bills are hereby audited and approved for payment, and that order - checks be issued for the payment thereof: Abrahamson, Wallace Car Allowance $ 140.00 Bliss Plumbing & Heating Services -Library 70.50 Bluff Oasis Gasoline 2.00 Brissman-Kennedy, Inc. Deodoras.t blocks 38.55 Buberl, Larry Ice Arena Duty 20.00 Burnett Bottle Gas Propane 340.88 Century Power Equipment, Inc. Spindle 61.80 Charchenko, Joel Ice Arena Duty 24.00 Chial, David E. Expenses 24.21 Commissioner of Revenue Fuel Tax 50.74 Continental -Minnesota, Inc. Concession supplies 129.12 Custom Communications Radio Repair 45.00 Design Planning Associates Services 60.00 Glaser, Paul Boiler Engineer 100.00 Gross Industrial Services Uniform Rental 509.66 Haines Tree Service Tree Removal 3,336.18 Herman Dunker Candy Company Concession supplies 480.15 Hoffman Refrigeration Services 261.62 Dunker Sanitation Service February Collections 18,900.00 Linner Electric Company Rehang Fixtures 123.00 Linner, David Services 65.00 Lystad's, Inc. Peston Control 216.15 M. J. Auto Body Repairs 540.50 Midway Tractor & Equipment Parts 38.00 Miller Excavating, Inc. Snow Removal 2,759.00 M. J. Raleigh Trucking Sand/Salt 5,888.00 Montbriand, Scott Expenses 86.06 Moore Business Forms, Inc. Checks, Bills, Labels 1,451.67 459.67 Multi -Print Company Letters 09.80 Myers, Jack Services 20320.00 National Flood Ins. Program Flood Insurance 19, 348.00 Northern States Power Company Services 309.15 Northern States Power Company Fly Ash 200.00 Owatonna Computer Service Service Agreement15.00 Pilquist Auto Parts Used Carburetor 45.00 Polzin, Thomas Services Printers Service Ice Knives Sharpended 61.58 Reed Drug Film 41.65 St. Croix Drug Collections 2.10 Short Elliott Hendrickson, Inc. Engineering 14,845.26 Turrentine & Magnuson Services 2,728.00 (continued on page 440) a •