HomeMy WebLinkAbout7482 (Res.)
o
o
o
RESOLUTIOft NO. 7482
AUTHORIZING TRANSFER OF INDUSTRIAL DEVELOPMENT BOlt{)
ALLOCATION TO ANOTHER ISSUING AUTHORITY
WHEREAS, the City of Stillwater is entitled to issue $1,703,613
of Industrial Development Bonds per Laws of Minnesota 1!84
Chapter 582; and
WHEREAS, the City of Stillwater is permitted to transfer said
Industrial Development BGnd allocation to another issuing
author ity.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Stillwater that the City transfer the afor&said $1,703,613
Industrial Development Bonds to Washington County Housing and
Redevelopment Authority.
BE IT FURTHER RESOLVED that tne Mayor and City Clerk be and
hereby are authorized to execute an Industrial Development Bond
Allocation Agreement by and between the City of Stillwater and
Washington County Housing and Redevelopment Authority.
Adopted by the Council this 4th day of June, 1985.
Publish: June 10, 1985
ATTEST: lI1A~... ':/. A~ X'.. L -- -, -, /
v v~- crylCl;';'"' ~V~~
i.iili
II
II
I
iI I I I
.