HomeMy WebLinkAbout7804 (Res.)
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CERTIFICATION OF MINUTES RELATING TO
INDUSTRIAL DEVELOPMENT REVENUE BONDS
Issuer: City of Stillwater, Minnesota
Governing Body: City Council
Kind, date, time and place of meeting: A Special meeting, held
on September 8, 1987, at 7:00 P.M., at the City Hall.
Members present: All
Members absent: None
Documents Attached:
Minutes of said meeting (pages):
MINUTES OF PUBLIC HEARING ON
PROPOSED PROJECT
AND
RESOLUTION NO. 7804
RESOLUTION GIVING PRELIMINARY APPROVAL TO A
PROJECT ON BEHALF OF INCSTAR CORPORATION AND ITS
FINANCING UNDER THE MUNICIPAL INDUSTRIAL
DEVELOPMENT ACT (INCSTAR CORPORATION PROJECT)~
REFERRING THE PROPOSAL TO THE MINNESOTA
DEPARTMENT OF TRADE AND ECONOMIC DEVELOPMENT FOR
APPROVAL
I, the undersigned, being the duly qualified and
acting recording officer of the public corporation issuing the
obligations referred to in the title of this certificate,
certify that the documents attached hereto, as described above,
have been carefully compared with the original records of the
corporation in my legal custody, from which they have been
transcribed~ that the documents are a correct and complete
transcript of the minutes of a meeting of the governing body of
the corporation, and correct and complete copies of all
resolutions and other actions taken and of all documents
approved by the governing body at the meeting, insofar as they
relate to the obligations~ and that the meeting was duly held
by the governing body at the time and place and was attended
throughout by the members indicated above, pursuant to call and
notice of such meeting given as required by law.
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WITNESSS my hand officially as such recording officer
and the seal of the City this ~ day of September, 19B7.
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I Slgnature
(SEAL)
Mary Lou Johnson, City Clerk
Name and Title
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The Mayor stated that this was the time and place
fixed by Resolution No. IUU- of this Council, adopted on
August 18, 1987, for a public hearing on the proposal that the
City undertake and finance a project (the Project) on behalf of
Incstar Corporation, a Minnesota corporation (the Borrower)
pursuant to Minnesota Statutes, Sections 469.152 - 469.165.
The City Clerk presented an affidavit showing publication of
the notice of public hearing at least once not less than 14 nor
more than 30 days prior to the date fixed for the public
hearing, in the official newspaper of the City, which is also a
newspaper of general circulation throughout the City. The
affidavit was examined, found to be satisfactory and ordered
placed on file with the City Clerk.
The Mayor then opened the meeting for the public
hearing on the proposal to undertake and finance the Project on
behalf of the Borrower. The purpose of the hearing was
explained, the nature of the Project and of the proposed
revenue bonds was discussed, the draft copy of the Application
to the Minnesota Department of Trade and Economic Development
with draft copies of all attachments and exhibits were
available, and all persons present who desired to do so were
afforded an opportunity to express their views with respect to
the proposal to undertake and finance the Project, in response
to which the following persons either appeared, were recognized
and made statements, or filed written comments with the City
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Clerk before the date set for the hearing, summaries of which
appear opposite their respective names:
Name of Speaker Summary of Views
The City Clerk [reported that no written comments had
been] [la.liI. 81ol_ul' af ~ka uli~~aR 8a_aR~ll] * filed in the
office of the City Clerk before the date of the hearing.
After all persons who wished to do so had stated or
filed their views on proposal, the Mayor declared the public
hearing to be closed.
After some discussion, Councilmember Bodlovick
moved for adoption of the following resolution:
* Strike inappropriate language
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