RES 1975-13 - 00007502F
13.
RESOLUTION NO. 13 - 1975
A RESOLUTION REGARDING THE ISSUANCE OF INDUSTRIAL REVENUE BONDS
WHEREAS, state and federal statutes permit municipalities
to issue tax - exempt industrial revenue bonds for the construction
or enlargement of industrial and commercial enterprises; and
WHEREAS, the city council is aware thar certain business
concerns are interested in applying to the council for the issuance
of industrial revenue bonds within the City of Fridley; and
WHEREAS, the city council, the city administration, and
interested persons within the city have met and discussed the merits
of said proposals;
NOW, THEREFORE, be it resolved by the city council that
the council adopts a position in favor of the issuance of industrial
revenue bonds.
BE IT FURTHER RESOLVED that the council will consider
each application on its individual merits and shall consider,
among other matters, the likelihood that the applicant shall be
successful in its proposed business, the nature of the plant to
to constructed with said revenues, the number of new jobs to be
created by said new construction or enlargement, the compata-
bility of the proposed industrial or commercial enterprise with
existing businesses within the City of Fridley and in nearby
surrounding municipalities, and such other pertinent information
as shall be available to the council at the time of said applica-
tion.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY, THIS
3rd DAY OF FEBRUARY, 1975.
ATTEST:
CITY CLERK - MARVIN C. NSELL
YJ 2z"O_
MAYOR - WILLIAM J. NEE